Precision Wires India Limited has successfully concluded its postal ballot process and completed all regulatory compliance requirements by submitting newspaper advertisement copies to stock exchanges on 26th March, 2026.

Postal Ballot Overview

The postal ballot process was conducted entirely through electronic voting, with the e-voting period commencing on 20th February, 2026 at 9:00 AM and concluding on 21st March, 2026 at 5:00 PM. The company utilized the services of National Securities Depository Limited (NSDL) for the remote e-voting facility.

Resolution Results Summary

All four resolutions presented to shareholders received the requisite majority approval with strong support across different shareholder categories.

Detailed Resolution Analysis

Resolution 1: Independent Director Re-appointment

The re-appointment of Mrs. Asha Morley (DIN: 02012799) as Non-Executive Independent Director was approved as an ordinary resolution with overwhelming support across all shareholder categories.

Resolution 2: Senior Vice President Re-appointment

The re-appointment of Shri Arjun Milan Mehta as Senior Vice President for three years was passed as a special resolution. Notably, promoter group votes were excluded due to their interest in this resolution, with only public shareholders participating.

Resolution 3 & 4: Financial Powers Enhancement

Both resolutions related to borrowing powers revision under Section 180(1)(C) and creation of mortgage/charge on assets under Section 180(1)(A) received similar approval rates of 99.61%, demonstrating strong shareholder confidence in the company's financial strategy.

Regulatory Compliance

Pursuant to Regulation 47(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted copies of postal ballot results published in newspapers 'Free Press Journal' and 'Navshakti' on 26th March, 2026 to both BSE Limited (Company Code: 523539) and National Stock Exchange of India Limited (Symbol: PRECWIRE).

M/s Ragini Chokshi & Co., the appointed scrutinizer, confirmed that all resolutions were passed with the requisite majority as per the provisions of the Companies Act, 2013. The postal ballot results demonstrate strong shareholder confidence in the company's proposed governance changes and strategic financial decisions, with all resolutions receiving approval rates exceeding 99% across different shareholder categories.

Precision Wires India has achieved a significant milestone by securing Bureau of Indian Standards (BIS) certification for copper wire rods at its Valvada plant in Valsad, Gujarat. The company formally notified stock exchanges on March 18, 2026, regarding this important regulatory approval.

BIS Certification Details

The BIS certification validates that Precision Wires India's copper wire rods meet the required Indian quality standards under IS 12444 specifications. This regulatory approval is essential for manufacturing and marketing copper wire rods in the Indian market, ensuring compliance with national quality benchmarks for the Gujarat facility.

Production and Commercial Plans

The company announced that commercial production and dispatch of the BIS-certified copper wire rods is expected to commence very soon before the end of the current financial year. Notably, these copper wire rods will be utilized for captive consumption, indicating the company's strategy to integrate this product into its existing manufacturing processes.

Strategic Implications

The BIS certification for copper wire rods represents Precision Wires India's commitment to expanding its product portfolio while maintaining quality standards. This development demonstrates the company's focus on diversifying its manufacturing capabilities and strengthening its position in the wire and cable industry through certified product offerings at its Gujarat operations.

The captive consumption model suggests a vertical integration approach, potentially improving cost efficiency and supply chain control for the company's wire and cable manufacturing operations.