Precision Wires India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 09, 2025
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Precision Wires India held its 36th AGM on August 9, 2025, via video conference from 10:00 AM to 10:50 AM. Corporate shareholders holding about 15% of paid-up capital participated. Seven agenda items were transacted, including adoption of FY25 audited financial statements, declaration of final dividend, re-appointment of Vice Chairman Deepak M. Mehta, appointment of secretarial auditor for five years, ratification of cost auditor's remuneration, revision in borrowing powers, and creation of mortgage/charge on company assets. Chairman Milan Mehta highlighted steady growth in FY25, expansion at the Silvassa unit, and continued leadership in the winding wires segment. Auditors' reports contained no qualifications or adverse remarks. A few inadvertent printing errors were flagged in the Annual Report, including a correction in director remuneration of Smt. Asha Morley (₹1.50 lakhs corrected to ₹1.05 lakhs) and a revision to Note 23. Voting results were to be declared within 48 hours.
The proposals to revise borrowing powers and allow creation of mortgage/charge on assets suggest the company is gearing up for additional debt-funded expansion. The final dividend declaration and clean audit report are positive for shareholders, while the minor annual report corrections are routine and unlikely to affect the stock.