Precision wires india Limited has announced a significant financial development with its Board of Directors approving a substantial working capital facility from CSB Bank Limited. The approval demonstrates the company's proactive approach to strengthening its financial position and operational capabilities.

Board Approval Details

The Board of Directors of Precision Wires India Limited, during its meeting held on February 14, 2026, approved the availing of a new unsecured working capital facility from CSB Bank Limited. The facility represents a significant financial commitment that will support the company's operational requirements.

Regulatory Compliance

The announcement was made in strict compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to disclose material events and decisions that could impact stakeholder interests. The company's prompt disclosure reflects its commitment to maintaining transparency and adhering to corporate governance standards.

Financial Structure

The working capital facility is structured as an unsecured arrangement, indicating the bank's confidence in the company's financial stability and creditworthiness. The terms and conditions of the facility will be finalized through mutual agreement between Precision Wires India Limited and CSB Bank Limited, ensuring that both parties' interests are adequately protected.

Corporate Governance

The disclosure was formally submitted by Deepika Pandey, Company Secretary and Compliance Officer, ensuring proper documentation and regulatory compliance. The digital signature authentication confirms the authenticity of the corporate communication and maintains the integrity of the disclosure process.

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.