Precision Wires India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 09, 2025
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Precision Wires India Limited has notified the exchanges about its 36th Annual General Meeting scheduled for Saturday, August 9, 2025 at 10:00 a.m. (IST), to be held via Video Conference (VC/OAVM). The record date for the final dividend is Friday, July 25, 2025, and the e-voting cut-off date is Saturday, August 2, 2025, with e-voting open from August 6 to August 8, 2025. The Board has recommended a final dividend of Rs. 0.50 per equity share, taking the total FY 2024-25 dividend to Rs. 1.15 per share (115%) including two interim dividends already paid. Key resolutions include adoption of audited financial statements, re-appointment of Shri Deepak M. Mehta as Director, appointment of M/s. Ragini Chokshi & Co. as Secretarial Auditor for five years, ratification of Cost Auditor remuneration, and a special resolution to raise the borrowing limit to Rs. 2,500 Crore. The company's FY 2024-25 revenue from operations stood at Rs. 4,01,483.14 Lakhs with a profit after tax of Rs. 9,004.01 Lakhs and EPS of Rs. 5.04.
For shareholders: the record date of July 25, 2025 is the cutoff to be eligible for the final dividend of Rs. 0.50 per share. The proposal to raise the borrowing limit to Rs. 2,500 Crore signals potential capacity for expansion or higher debt, which investors should watch. The 21.6% revenue growth and 23.6% PAT growth in FY 2024-25, along with higher total dividend, are mildly positive for shareholder sentiment.