Precision Wires India Limited , a leading manufacturer of winding wires, has announced significant financial decisions and secured new banking facilities, as per the company's latest board meeting outcome.

Dividend Declaration

The Board of Directors has declared a final dividend of 35% (Rs 0.35 per fully paid equity share of Re 1 each) for the financial year 2025-26. Shareholders on record as of November 18, 2025, will be eligible for this dividend, which is set to be paid by December 11, 2025.

Financial Results

The company's board has approved the unaudited financial results for the quarter and half year ended September 30, 2025. These results, reviewed by the Audit Committee, were prepared in accordance with Indian Accounting Standards (Ind AS) and other recognized accounting practices.

New Banking Facilities

Precision Wires India has significantly bolstered its financial position by securing fresh banking facilities totaling Rs 457.20 crore. The breakdown of these new facilities is as follows:

• ICICI Bank Limited has provided an additional secured term loan of Rs 22.20 crore.
• Kotak Mahindra Bank Limited has sanctioned fresh fund-based/non-fund-based facilities of Rs 282.00 crore, bringing their total secured facilities to Rs 282.00 crore. This makes Kotak Mahindra Bank the third secured lender for the company.
• DBS Bank India Limited has sanctioned fresh unsecured facilities of Rs 75.00 crore, increasing their total unsecured facilities to Rs 175.00 crore.

Utilization of Funds

The company reported no deviation in the utilization of proceeds raised through the issuance of equity shares and convertible warrants on a preferential basis. The funds, allocated for capital expenditure (90%) and working capital purposes (10%), remain unutilized as of the latest report.

Corporate Actions

During the quarter under review, Precision Wires India made a preferential allotment of 13,83,000 equity shares at a premium of Rs 150 per share. Additionally, the company allotted 27,67,000 convertible warrants, each convertible into one equity share at a premium of Rs 150 per warrant. These corporate actions have increased the company's issued and paid-up equity share capital.

The board meeting, which commenced at 11:30 AM and concluded at 1:00 PM on November 12, 2025, also approved the publication of these results on the company's website and in newspapers as required by regulations.

Investors and stakeholders are advised to consider these developments in their assessment of the company's financial position and future prospects.

Precision Wires India Limited (PWIL) has reported a significant increase in its financial performance for the second quarter, showcasing robust growth across key metrics.

Financial Highlights

PWIL's quarterly net profit surged to 356.00 million rupees, marking an impressive 84% increase from 193.00 million rupees in the same period last year. The company's revenue also saw a substantial rise, reaching 12.00 billion rupees, up from 10.40 billion rupees year-over-year, representing a 15.4% growth.

Improved Operational Efficiency

The company's operational efficiency showed notable improvement, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rising to 589.00 million rupees from 362.00 million rupees in the previous year. This resulted in an enhanced EBITDA margin of 4.8%, up from 3.5% in the corresponding quarter last year.

Dividend Declaration

In a move that may please shareholders, PWIL's Board of Directors has declared an interim dividend of 35% (Rs. 0.35 per equity share of Rs. 1 each). The dividend is payable to eligible shareholders within 30 days, with the record date set for November 18.

Additional Financial Arrangements

The company has also secured additional funding to support its operations:

1. An additional secured term loan of 222.00 million rupees from ICICI Bank Limited.
2. Fresh fund-based and non-fund-based facilities of 1,720.00 million rupees from Kotak Mahindra Bank Limited, bringing the total secured facilities from this bank to 2,820.00 million rupees.
3. A new unsecured fund-based/non-based facility of 750.00 million rupees from DBS Bank India Limited, increasing their total unsecured facilities to 1,750.00 million rupees.

Capital Raising and Expansion

Precision Wires India recently completed a preferential allotment of 13,83,000 equity shares at a premium of Rs. 150 per share. Additionally, the company has converted 27,67,000 warrants into an equal number of equity shares, further strengthening its capital base.

The funds raised are earmarked for capital expenditure, new and ongoing expansion/modernization projects, long-term business investments, working capital, and general corporate purposes.

This strong financial performance and strategic capital raising efforts position Precision Wires India Limited for potential growth and expansion in the coming quarters.