PRECWIRENSEPrecision Wires India Limited· MetalsMediumNeutral
Announced Fri, 29 May · 11:22 IST

Galvawire Agencies Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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PRECWIRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹443.80
prior close
₹438.00
base price
In-mkt
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AI summary

Galvawire Agencies Private Limited, a member of the promoter group of Precision Wires India Limited, has submitted a disclosure to the National Stock Exchange and BSE Ltd. The filing, signed by Director Milan Mahendra Mehta, confirms that none of the shares held by the company are pledged or encumbered as of 31st March, 2026. This is a negative pledge declaration filed under SEBI regulations requiring promoters to disclose details of share pledges. The company is headquartered at Saiman House, Prabhadevi, Mumbai.

Likely market impact

This is a routine regulatory filing confirming that promoter group shares are not pledged, which is a positive signal for shareholders as it indicates no potential pressure on promoter equity from loan defaults.