Precision Wires India Limited has informed the Exchange regarding 'Submission of fourth addendum to Valuation Report'.
PRECWIRE · price
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Awaiting price reaction for this filing.
Precision Wires India Limited has submitted the fourth addendum to its valuation report dated July 24, 2025, connected to a proposed preferential allotment of equity shares and convertible warrants. The addendum consolidates all valuation methods (Cost, Market, Comparable Companies, and DCF) into a single document to avoid confusion, with some minor corrections made by the valuer. The fair market value of equity shares is determined at Rs 150.44 per share, based on the higher of the 90-day and 10-day VWAP as of the valuation date of May 16, 2025. This is a procedural clarification filing, not a new valuation exercise.
No new material impact for shareholders — this is an administrative update to an existing valuation report. Investors should refer to this consolidated version for the accurate FMV of shares being allotted preferentially. The final issue price for the preferential allotment is likely to be anchored at or above Rs 150.44 per share.