Precision Wires Submits Errata to FY26 Annual Report

Foreign exchange outgo for FY 2025-26 corrected from ₹1,17,725 lakhs to ₹1,17,915 lakhs (increase of ₹190 lakhs)
Foreign exchange earnings remain unchanged at ₹82,894 lakhs for FY 2025-26
Previous year figures remain unchanged: Earnings ₹48,458 lakhs, Outgo ₹58,813 lakhs

Permanent Employees turnover: Female 10.23%, Male 12.50%, Total 10.64% for FY 2025-26
Permanent Worker turnover: 4.82% for FY 2025-26 (all male)
Previous year: Permanent Employees 14.80%, Permanent Worker 1%

FY 2025-26 Training Data:

Employees: 573 total (557 male, 16 female)
Health and safety training: 383 employees (65.88% of males, 100% of females, 66.84% total)
Skill upgradation: 383 employees (100% of trained employees)
Workers: 228 total (all male)
100% received both health/safety and skill upgradation training

FY 2024-25 Training Data:

Employees: 458 total (444 male, 14 female) - 100% received both types of training
Workers: 246 total (all male) - 100% received both types of training

As at March 31, 2026:

MSME trade payables: ₹959.03 lakhs (₹908.85 lakhs not due, ₹50.18 lakhs <1 year)
Other trade payables: ₹1,07,154.19 lakhs (₹1,05,330.02 lakhs not due, ₹1,807.25 lakhs <1 year, ₹16.92 lakhs >3 years)
Total trade payables: ₹1,08,113.22 lakhs
No disputed dues for MSME or others

As at March 31, 2025:

MSME trade payables: ₹264.23 lakhs (all not due)
Other trade payables: ₹56,149.22 lakhs (₹54,836.42 lakhs not due, ₹1,295.88 lakhs <1 year, ₹16.92 lakhs >3 years)
Total trade payables: ₹56,413.45 lakhs
No disputed dues for MSME or others

Note 2(C) Corrections:

Software Charges capitalized for FY 2024-25 corrected from ₹20.48 lakhs to ₹20.84 lakhs
Freight and Insurance added for FY 2025-26: ₹189.52 lakhs (previously shown as ₹-)
Excludes advances given for capital goods: ₹920.76 lakhs (FY 2025-26) and ₹1,101.70 lakhs (FY 2024-25)

Note 14.3 Correction:

Amount payable to suppliers through usance letter of credit corrected from ₹10,811.37 lakhs to ₹101,811.37 lakhs for FY 2025-26
Previous year: ₹48,095.11 lakhs
Liabilities recognized until settlement with banks, normally within 60 days

Impact on Profit and Loss:

Increase in interest rate by 100 basis points: impact of ₹(293.45) lakhs for FY 2025-26 (₹(61.51) lakhs for FY 2024-25)
Decrease in interest rate by 100 basis points: impact of ₹293.45 lakhs for FY 2025-26 (₹61.51 lakhs for FY 2024-25)
Calculated based on borrowings outstanding with all other variables constant

Net Gearing Ratio:

FY 2025-26: Gross Debt ₹29,345 lakhs, Cash & Marketable Securities ₹29,168 lakhs, Net Debt ₹177 lakhs
Total Equity ₹77,234 lakhs, Net Gearing Ratio 0.002
FY 2024-25: Gross Debt ₹6,151 lakhs, Cash & Marketable Securities ₹9,499 lakhs, Net Debt ₹(3,349) lakhs
Total Equity ₹57,624 lakhs, Net Gearing Ratio (0.058)

Cash Breakdown:

FY 2025-26: Cash & Cash Equivalents ₹11,431.59 lakhs, Current Investments ₹17,736.90 lakhs
FY 2024-25: Cash & Cash Equivalents ₹3,874.45 lakhs, Current Investments ₹5,624.85 lakhs

Trade Receivables as at March 31, 2026:

Aging breakdown:

Original annual report dispatched to shareholders on 13th July, 2026
Errata notice circulated to all shareholders on 7th August, 2026 morning
Revised annual report uploaded to company website: https://precisionwires.in/financialresults-annual/
Company confirmed that all corrections are typographical/omission errors and do not impact the core financial report, profit and loss accounts, or integrity of audited financial statements
Filed by Deepika Pandey, Company Secretary and Compliance Officer