Key Modifications in Corrigendum

1. Objects of Preferential Issue

The original explanatory note and table on pages 12-13 of the EGM notice have been replaced. The proceeds of the ₹150 crore preferential issue will be utilized as follows:

| Object | Amount (₹ Crores) | Tentative Utilization Time |

| Working Capital Requirement for procurement of Raw Material (Copper) and discharging financial liabilities | 90.00 | 18 months from date of receipt of fund |

| Expansion | 60.00 | 24 months from date of receipt of fund |

| • Capital Expenditure for expansion projects (Purchase of New Plant, Machinery and Equipment) | 50.00 | 24 months from date of receipt of fund |

| • Acquisition of new parcels of Land | 10.00 | 24 months from date of receipt of fund |

The amounts specified for objects may deviate +/- 10% depending on future circumstances as they are based on management estimates and commercial/technical factors.

Rationale for Working Capital Requirement

The company provided detailed justification for the increased working capital needs:

  • Planned expansion of Winding Wires Capacities at Silvassa from 55,000 MT/PA (as of March 31, 2026) to 69,000 MT/PA by end of Q2 FY 2027-28
  • Recent commissioning of Copper Rod manufacturing unit at Valvada
  • Copper Recycling/Refining Project at Zaroli projected to start Trial Production in Q2 FY 2026-27
  • Unprecedented surge in LME Grade A Copper prices and INR devaluation against USD

Copper Price Analysis (Approximate):

| Period | LME Copper Avg (USD/MT) | USD/INR Avg | Price in INR/MT |

| Apr'25-Mar'26 | 10,815 | 88.81 | 960,480 |

| Apr'25-Jun'25 | 9,519 | 86.00 | 818,630 |

| Apr'26-Jun'26 | 13,324 | 95.15 | 1,267,800 |

| Jul'26 | 13,525 | 96.21 | 1,301,240 |

Price Increase Analysis:

  • 32% increase between Apr-Jun'26 and Apr'25-Mar'26 average price in INR
  • 55% increase between Apr-Jun'26 and Apr-Jun'25 average price in INR
  • 59% increase between Jul'26 and Apr-Jun'25 average price in INR

2. Shareholding Pattern Changes

The pre and post-issue shareholding pattern table on pages 15-16 has been updated:

| Category | Pre-issue Shares | Pre-issue % | Post-issue Shares | Post-issue % |

| Promoter & Promoter Group (Indian) | 10,34,96,744 | 56.62% | 10,34,96,744 | 55.48% |

| Alternate Investment Funds | 1,85,227 | 0.10% | 21,85,227 | 1.17% |

| Foreign Portfolio Investors (Category I) | 42,84,741 | 2.34% | 42,84,741 | 2.30% |

| Foreign Portfolio Investors (Category II) | 3,91,544 | 0.21% | 3,91,544 | 0.21% |

| Any Other category | 28,90,119 | 1.58% | 46,40,119 | 2.49% |

| Grand Total | 18,28,07,975 | 100% | 18,65,57,975 | 100% |

3. Proposed Allottee Details

The details of proposed allottees on pages 16-17 have been updated:

| Allottee | Category | Ultimate Beneficial Owners | CCDs Proposed |

| AADI Financial Advisors LLP (PAN: AARFA5161F) | Body Corporate | Lata Bhanshali, Akash Bhanshali, Payal Bhanshali | 17,50,000 |

| Anchorage Capital Scheme III (Category II AIF, PAN: AALTA3809J, Registration: IN/AIF2/21-22/1003) | Category II AIF | Rohit Kothari (Sponsor, Key Investment Team member, Investment Committee member with veto power) | 20,00,000 |

4. Company Secretary Certificate

The certificate from practicing company secretary (page 19) will be available for inspection at the registered office between 10:00 AM to 5:00 PM on working days until the EGM date and is uploaded on the company website.

Additional Information

Pending utilization of proceeds, the company shall invest such proceeds in money market instruments including money market mutual funds, deposits in scheduled commercial banks or any other permitted investments.

The corrigendum forms an integral part of the original EGM notice and is available on the company website at https://precisionwires.in/postal-ballot-and-egm/ and on both stock exchange websites.

All other contents of the EGM notice remain unchanged except for the modifications specified in this corrigendum.