Milan Mahendra Mehta on bhalf of Milan Mahendra Mehta HUFhas 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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Milan Mahendra Mehta, on behalf of Milan M. Mehta HUF (a member of the Promoter group of Precision Wires India Limited), has submitted a disclosure confirming that none of the shares held by the HUF are pledged or encumbered as of 31st March, 2026. This is a regulatory compliance filing under SEBI's substantial acquisition regulations requiring promoters to disclose their pledge status periodically. The filing is addressed to both NSE and BSE.
This is a routine compliance filing with no direct impact on the stock. It provides assurance that promoter holdings are not pledged, which is generally viewed neutrally by the market as it indicates no immediate risk of forced selling of promoter shares.