Precision Wires India Limited , a leading manufacturer of winding wires, has announced an interim dividend of 35%. The company's Board of Directors approved the dividend in their recent meeting, setting the stage for a significant payout to shareholders.

Dividend Details

The interim dividend amounts to ₹0.35 per equity share, based on a face value of ₹1 each. This decision underscores the company's commitment to delivering value to its shareholders, even as it continues to invest in growth and expansion.

Record Date

Precision Wires has fixed November 18, 2025, as the record date for determining shareholder eligibility for the dividend payment. Shareholders whose names appear on the company's register on this date will be entitled to receive the interim dividend.

Financial Performance Context

While specific financial results for the current period were not provided, it's worth noting that the company's decision to declare an interim dividend may be indicative of a strong financial position. In the previous fiscal year, as per the LODR data, Precision Wires reported:

The company's ability to maintain its dividend policy suggests continued financial stability and confidence in its business model.

Recent Developments

According to the LODR data, Precision Wires has been actively expanding its operations:

1. Capacity Expansion: The company is in the process of completing its winding wire expansion.
2. Backward Integration: A copper refining/recycling plant is under construction, aimed at securing raw materials and potentially improving margins.
3. Market Positioning: The company has secured approvals from leading EV and hybrid vehicle manufacturers, as well as major global compressor manufacturers for air conditioning applications.

These strategic moves indicate that Precision Wires is positioning itself for future growth in high-potential sectors like electric mobility and consumer durables.

Investor Implications

The declaration of an interim dividend, coupled with ongoing expansion efforts, may signal the management's confidence in the company's financial health and future prospects. Investors should consider this dividend announcement in the context of the company's overall growth strategy and market position.

As always, shareholders and potential investors are advised to conduct their own research and consider their financial goals before making investment decisions based on this dividend announcement.

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.