NSEGeneral Updates10 Sept 2026 · 10 Sept 2026, 06:09 pm
General Updates
Precision Wires India Limited · PRECWIRE
✦ AI SummaryFundraise
Precision Wires India Limited has provided additional disclosure regarding the proposed acquisition of land as part of its preferential issue. The company plans to utilize up to ₹10 crore from the issue proceeds for land purchase, subject to due diligence, approvals, and compliance with laws. If the land is agricultural, the company will apply for non-agricultural use conversion within the prescribed period. If the conversion is not obtained, the company will dispose of the land.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Enclosed herewith additional disclosure in relation to the proposed acquisition of land as per the objects of the Preferential Issue.
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PRECWIRE_10092026180853_Letter-signed.pdf
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PRECISION WIRES INDIA LIMITED
REGD. OFFICE:SAIMAN HOUSE, J. A. RAUL STREET,
OFF SAYANI ROAD, PRABHADEVI, MUMBAI - 400 025, INDIA.
TEL: +91-22-24376281 FAX: +91-22-24370687
E-MAIL : mumbai@pwil.net
WEB: www.precisionwires.com
CIN: L31300MH1989PLC054356
WORKS:PLOT NO. 125/2, AMLI HANUMAN (66 KVA) ROAD,
SILVASSA – 396 230, U.T OF D.N.H., INDIA.
TEL: +91-260-2642614 FAX: +91-260-264235
Date: 10.09.2026
To, To,
BSE Limited (BSE) The Manager,
Corporate Relationship Department, 1st Floor, Listing Department
New Trading Ring, Rotunda Building, P.J. National Stock Exchange of India Limited
Towers, Dalal Street, Fort, Mumbai-400 001 (NSE)
‘Exchange Plaza’, C-1, Block G,Bandra - Kurla
Company Code: 523539 Complex, Bandra (E), Mumbai – 400 051.
Symbol: PRECWIRE
Dear Madam/ Sir,
Subject: Update under Regulation 30- additional disclosure in relation to the proposed acquisition
of land
With reference to the Corrigendum to the Notice of the Extra-Ordinary General Meeting (“EGM”)
issued by the Company on 20th August 2026, and the objects of the proposed preferential issue as set
out therein, one of the identified objects of the preferential issue is acquisition/purchase of land, for
which an amount of up to ₹10 crore has been earmarked from the proceeds of the preferential issue.
In this regard, the Company wishes to provide the following additional disclosure in relation to the
proposed acquisition of land:
The Company proposes to utilise an amount of up to ₹10 crore out of the proceeds of the preferential
issue towards the purchase/acquisition of suitable land, subject to identification of suitable land,
completion of requisite legal and technical due diligence, applicable approvals and permissions, and
compliance with all applicable laws and regulations.
In the event that the land proposed to be acquired is classified as agricultural land, the Company shall
undertake the necessary process for obtaining the requisite permission/conversion of such land for non-
agricultural (“NA”) use, as may be applicable under the relevant laws. The Company shall make the
necessary application for such NA conversion within the applicable prescribed period.
The proposed acquisition of Agricultural land shall accordingly be undertaken subject to the applicable
restrictions and requirements. In the event the requisite NA permission/conversion is not obtained or
the Company is otherwise not legally permitted to continue holding such agricultural land, the Company
shall take necessary steps to dispose of/sell the said land in accordance with applicable laws.
Any material development in relation to the proposed acquisition of land as applicable, shall be
disclosed by the Company in accordance with the applicable provisions of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
For Precision Wires India Limited
Deepika Pandey
Company Secretary and Compliance Officer