Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Precision Wires India Limited

Meeting Details

The 37th Annual General Meeting was held on Monday, August 10, 2026, commencing at 10:30 AM and concluding at 11:21 AM. The meeting was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with MCA and SEBI circulars. A total of 89 members attended the AGM.

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026

2. Declaration of Dividend for FY ended March 31, 2026 (125% dividend declared)

3. Re-Appointment of Mr. Milan Mahendra Mehta (DIN: 00003624) as director liable to retire by rotation

Special Business:

4. Approval of Change in Main Object Clause of Memorandum of Association

5. Approval of Change in Articles of Association of the Company

6. Ratification of Remuneration to Cost Auditor for FY 2026-2027

Voting Process and Methods

The company provided two voting methods:

  • Remote e-voting available from August 7, 2026 (9:00 AM IST) to August 9, 2026 (5:00 PM IST) through NSDL
  • E-voting during the AGM and 15 minutes after conclusion for shareholders attending through VC/OAVM who hadn't voted earlier

Cut-off date for voting rights was August 4, 2026.

Key Voting Outcomes

Total Votes Cast: 13,44,37,753 equity shares across all resolutions

Resolution-wise Results:

Item 1 (Financial Statements):

  • Assent: 227 members, 13,44,37,705 votes (100.0000%)
  • Dissent: 0 members, 48 votes (0.0000%)

Item 2 (Dividend Declaration):

  • Assent: 227 members, 13,44,37,704 votes (100.0000%)
  • Dissent: 3 members, 48 votes (0.0000%)

Item 3 (Director Re-appointment):

  • Assent: 212 members, 13,37,14,537 votes (99.4620%)
  • Dissent: 18 members, 7,23,216 votes (0.5380%)

Item 4 (MOA Change):

  • Assent: 225 members, 13,44,37,583 votes (99.9999%)
  • Dissent: 0 members, 170 votes (0.0001%)

Item 5 (AOA Change):

  • Assent: 225 members, 13,44,37,583 votes (99.9999%)
  • Dissent: 5 members, 170 votes (0.0001%)

Item 6 (Cost Auditor Remuneration):

  • Assent: 223 members, 13,44,35,806 votes (99.9986%)
  • Dissent: 6 members, 1,945 votes (0.0014%)

Scrutinizer's Role and Findings

Mrs. Ragini Chokshi of Ragini Chokshi & Co. was appointed as scrutinizer. She certified that all resolutions were passed with requisite majority. The e-voting process was conducted through NSDL, and votes were unblocked after the AGM conclusion witnessed by Mr. Harshit Dave and Ms. Varsha Solanki.

Compliance Confirmation

The meeting was conducted in compliance with Companies Act 2013, SEBI LODR Regulations 2015, and relevant MCA and SEBI circulars including MCA General Circular Nos. 14/2020, 17/2020, 20/2020, 02/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025 and SEBI Circular Nos. dated May 12, 2020, January 15, 2021, May 13, 2022, October 7, 2023, and October 3, 2024.

Operational and Business Updates

The Chairman provided operational highlights:

  • Production, sales, and revenue from operations were higher in FY 2025-26 compared to previous year
  • Installed capacity of copper winding wire: 55,000 MT/year, expected to reach 61,700 MT/year after Q2 FY 2026-27 expansion
  • Copper prices increased by approximately 15% in USD terms, INR weakened by 4.5% on average
  • Main copper suppliers: Hindalco Industries, Vedanta Limited, and Kutch Copper Limited (Adani Group)
  • Copper rod manufacturing operation commenced at Valvada, Gujarat for captive use
  • Copper refining/recycling project at Zaroli, Gujarat expected to commence trial production in Q2 FY 2026-27
  • Geopolitical challenges including Iran war impact on oil and chemical prices, currency devaluation