Precision Wires India Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
PRECWIRE · price
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Precision Wires India Limited announced the results of its postal ballot held via remote e-voting from February 20 to March 21, 2026. All four resolutions were passed with overwhelming majority by shareholders, including the re-appointment of Mrs. Asha Morley as Non-Executive Independent Director (99.96% in favour). Shareholders also approved the re-appointment of Shri Arjun Milan Mehta as Senior Vice President for three years (99.84% in favour, with promoter group abstaining as related party). Two special resolutions regarding the revision of borrowing powers under Section 180(1)(c) and creation of mortgage/charge on assets under Section 180(1)(a) were approved with 99.61% support. M/s Ragini Chokshi & Co. served as scrutinizer for the process. Out of 62,833 total shareholders, 269 participated in the e-voting representing approximately 12.52 crore equity shares.
This is a routine corporate governance disclosure with no negative implications. The approval to enhance borrowing powers and create charges on assets suggests the company may be preparing for expansion, capex, or working capital needs, which shareholders should monitor for future announcements on growth plans.