Precision Wires India Limited has informed the Exchange regarding 'Update under Regulation 30'.
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Precision Wires India has informed the stock exchanges that the intensifying conflict in the Middle East is disrupting its supply chain, affecting both domestic and overseas suppliers. The company is facing rising inflationary pressures on raw materials and inputs. Export shipments to the Middle East have been impacted, and the company is re-routing consignments and arranging alternate logistics, which will likely increase shipping costs and extend delivery timelines. The company has cautioned that short-term fluctuations in input costs and availability are possible as it works to mitigate these challenges.
Near-term margin pressure is likely due to higher logistics and input costs, along with potential delays in fulfilling Middle East export orders. Existing shareholders should watch for further updates on cost pass-through and any quantum of impact on quarterly financials.