Precision Wires India Limited has convened an Extra Ordinary General Meeting (EGM) scheduled for Saturday, September 5, 2026, at 11:30 A.M., to be held through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The notice of the EGM, dated August 10, 2026, was filed with stock exchanges on August 12, 2026. On August 13, 2026, the company confirmed the publication of the EGM details in newspapers as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The sole agenda item is a Special Resolution seeking member approval for the issuance of Compulsory Convertible Debentures (CCDs) on a preferential basis.

CCD Preferential Issue: Key Terms

The Board of Directors approved the issuance of 37,50,000 unsecured, unrated, and unlisted 12% Compulsory Convertible Debentures at a face value of ₹400 per CCD, aggregating to ₹1,50,00,00,000 (₹150 crore). The CCDs are proposed to be allotted to two non-promoter investors. Each CCD carries a simple interest rate of 12% per annum, payable in three instalments after 180 days, 360 days, and for the residual period up to conversion. The CCDs will convert into equity shares of ₹1 each at a premium of ₹399 anytime after 12 months and before 18 months from allotment.

Proposed Allottees

The CCDs are proposed to be allotted exclusively to non-promoter investors:

Upon full conversion, AADI Financial Advisors LLP will hold 17,50,000 equity shares (0.94% of post-issue fully diluted capital), and Anchorage Capital Scheme III will hold 20,00,000 equity shares (1.07%). Neither allottee holds pre-issue shareholding. Promoters will retain control, with their stake moving from 56.62% to 55.48% post-conversion.

Objects of the Issue

Proceeds will be deployed as follows:

The working capital requirement is driven by plans to expand Winding Wires capacities at Silvassa from 55,000 MT/PA to approximately 69,000 MT/PA by end of Q2 FY28. The company cited a 55% rise in LME Grade A Copper prices between April–June 2025 and April–June 2026 as a key driver. Expansion funds will support technology upgrades and new manufacturing lines.

E-Voting and EGM Schedule

Electronic voting facilities are provided through NSDL. CS Shailendra Dwivedi has been appointed as Scrutinizer. CARE Ratings Limited is the monitoring agency for proceeds utilisation.

Precision Wires India Limited reported a robust expansion in its standalone financial performance for the first quarter of fiscal year 2027, driven by substantial growth in operational revenue and net profitability. The company’s total income from operations rose to ₹1,77,924.42 lakh in the quarter ended June 30, 2026, compared to ₹1,11,557.34 lakh in the same period of the previous year. This revenue acceleration supported a 71.5% year-on-year increase in net profit after tax, which stood at ₹4,645.34 lakh against ₹2,708.63 lakh in Q1FY26. The results indicate strengthened operational efficiency and higher earnings per share for investors.

The Board of Directors approved the unaudited standalone financial results in a meeting held on August 10, 2026. The figures were reviewed by the Audit Committee and filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Financial Highlights

Revenue from operations also showed improvement on a quarterly basis, rising from ₹1,76,285.04 lakh in the fourth quarter of FY26 to ₹1,77,924.42 lakh in Q1FY27. For the full fiscal year ended March 31, 2026, total income from operations was recorded at ₹5,46,343.14 lakh, with a net profit after tax of ₹15,526.80 lakh.

What the Numbers Show

The divergence between revenue growth and profit expansion suggests improved margin dynamics or cost containment during the quarter. While revenue grew by approximately 59.5%, net profit after tax increased by over 71%, indicating that the company benefited from either higher operating margins or favorable non-operating income adjustments. The basic earnings per share rose to ₹2.54 from ₹1.52 in the prior year, directly translating to higher shareholder value. The consistency in equity share capital at ₹1,828.16 lakh confirms that the profit growth was organic rather than dilutive.