Precision Wires India Limited announced its unaudited financial results for the quarter ended 31st December, 2025, showcasing strong operational performance across key metrics. The copper winding wire manufacturer reported significant growth in both revenue and profitability during Q3FY26.

Financial Performance Highlights

The company delivered robust financial results for Q3FY26, demonstrating strong operational efficiency and market demand for its products.

For the nine months ended 31st December, 2025, the company maintained strong momentum with revenue from operations reaching ₹3,66,672.34 lakhs compared to ₹2,96,900.39 lakhs in the corresponding previous period.

Dividend Declaration

The Board of Directors declared a second interim dividend for FY2025-26, rewarding shareholders for the company's strong performance.

Capacity Expansion and Modernization Projects

The company approved significant expansion initiatives to strengthen its manufacturing capabilities and market position. The Board sanctioned two major copper winding wire projects at its Silvassa facility.

Current Project Approvals

The company provided a comprehensive update on its ongoing expansion projects, showing systematic capacity building across multiple phases. Two major projects were completed during the current financial year, with additional projects in various stages of implementation.

Enhanced Financial Capabilities

To support its growth trajectory, the company secured additional working capital facilities and increased its borrowing capacity.

New Credit Facilities

The Board also approved increasing the company's borrowing power from ₹2,500 crores to ₹4,000 crores, subject to shareholder approval.

Leadership and Governance

The company announced key reappointments to strengthen its leadership structure. Smt. Asha Morley was reappointed as Non-Executive Independent Director for a second term of five years effective 23rd June, 2026. Additionally, Shri Arjun Milan Mehta was reappointed as Senior Vice President effective 1st April, 2026, both appointments subject to shareholder approval.

Fund Utilization Compliance

The company reported no deviation or variation in the utilization of proceeds raised through the preferential issue of equity shares and convertible warrants. The total amount raised was ₹62,66,50,000 through the allotment of 13,83,000 equity shares and 27,67,000 convertible warrants, with the warrants subsequently converted to equity shares on 20th October, 2025.

Precision wires india Limited has announced February 19, 2026 as the record date for determining eligibility for its second interim dividend. This announcement follows the company's earlier intimation of a board meeting scheduled for February 14, 2026, where the dividend declaration was among the key agenda items.

Record Date and Dividend Eligibility

The company has communicated to both BSE Limited and National Stock Exchange of India Limited that Thursday, February 19, 2026 has been fixed as the record date pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This date will determine which equity shareholders are entitled to receive the second interim dividend for Financial Year 2025-26.

Board Meeting Agenda

The record date announcement is in furtherance to the company's earlier intimation dated February 6, 2026, regarding the board meeting scheduled for Saturday, February 14, 2026. The comprehensive agenda includes multiple significant corporate matters:

Trading Window and Compliance

In accordance with the company's Code of Conduct for Insider Trading, Precision Wires India Limited has implemented a trading window closure for all directors and covered persons. The restriction period commenced from the closure of business hours on December 31, 2025, and will remain in effect until 48 hours after the communication of financial results to the stock exchanges.

Corporate Information

Precision Wires India Limited, incorporated in 1989, operates with its registered office in Mumbai and manufacturing facility in Silvassa. The company trades on both BSE (Company Code: 523539) and NSE (Symbol: PRECWIRE), maintaining dual listing status on India's premier stock exchanges. The latest communication was signed by Deepika Pandey, Company Secretary and Compliance Officer, demonstrating the company's commitment to regulatory compliance and transparent corporate governance practices.