Precision Wires Board Approves Un-Audited Results, Expansion, and ₹150 Cr CCD Issue

Precision Wires India Ltd's Board of Directors met on August 10, 2026, approving the un-audited financial results for the quarter ended June 30, 2026. The board also revised the Silvassa Expansion and Modernization Project capacity to 4620 MT/PA at a cost of ₹38 crores, with a projected total installed capacity of 69,200 MT/PA by FY28. Key management changes include Mrs. Krina Parekh's appointment as CFO, succeeding Mr. Mohandas Pai. Additionally, the company approved the issuance of 37,50,000 Compulsory Convertible Debentures (CCD) aggregating ₹150 crores, subject to shareholder approval. An unsecured working capital facility of ₹200 crores from IDFC First Bank was also sanctioned.