Amendment to AOA/MOA

PRECISION WIRES INDIA LIMITED REGD. OFFICE: SAlMAN HOUSE, J. A. RAUL STREET, OFFSAYANI 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,AMLIHANUMAN(66KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235 Date: August 12, 2026 BSE Limited (BSE) The Manager, Corporate Relationship Department, 1st Floor, New Listing Department Trading Ring, Rotunda Building, P.J. Towers, Dalal National Stock Exchange of India Limited (NSE) Street, Fort, Mumbai- 400 001 ‘Exchange Plaza’, C-1, Block G,Bandra - Kurla Complex, Bandra (E), Mumbai – 400 051. Company Code: 523539 Symbol: PRECWIRE Dear Sir/Madam, Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and SEBI Circular HO/49/14/14(7)2025-CFD- POD2/1/3762/2026 dated January 30, 2026, this is to inform that the members of the Company in the 37th Annual General Meeting held on Monday, August 10, 2026 have approved the following: 1. Change in the Object Clause of the Memorandum of Association of the Company. 2. Alteration of the Articles of Association of the Company. Pursuant to said approval, the amended copy of MOA and AOA are enclosed herewith. The Copy of MOA and AOA are also available on the website of the Company https://precisionwires.in/ Brief details on Amendments in the MOA and AOA as required under Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026 (as amended from time to time), are provided in Annexure A and B. You are requested to take above information in your record. For Precision Wires India Limited Deepika Pandey Company Secretary and Compliance Officer PRECISION WIRES INDIA LIMITED REGD. OFFICE: SAlMAN HOUSE, J. A. RAUL STREET, OFFSAYANI 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,AMLIHANUMAN(66KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235 Annexure – A Brief Note on Amendment in the Memorandum of Association (MOA) of the Company The Company was originally incorporated under the provisions of the Companies Act, 1956, with the primary core objective of manufacturing Winding Wire, as detailed in Clause III(A) of the Memorandum of Association ("MOA") of the Company. With evolving market dynamics, the Management has recently reviewed the current business environment, strategic opportunities, and the strategic need to expand and diversify the Company's business operational activities. Notably, the Board of Directors approved the Copper Refining/Recycling Expansion Project on March 22, 2025. Given the Company’s strategic interest in Metal and Mineral-related refining and recycling operations, it is considered expedient and in the best long-term interest of the Company to alter its Main Objects Clause. The proposed alteration will explicitly expand the business scope to separately cover the business of manufacturing, processing, refining, recycling, buying, selling, trading, dealing, importing, and exporting of various types of scraps and unrefined forms of non-ferrous metals, ferrous metals, precious metals, non-metallic materials, minerals, and their compounds, alloys, and mixtures. Pursuant to Section 13 of the Companies Act, 2013, any alteration to the Objects Clause of the Memorandum of Association requires the approval of the shareholders. Accordingly, the consent of the members is being sought by way of a Special Resolution in the 37th Annual General Meeting held on August 10, 2026. The Main Object Clause III(A) of the Memorandum of Associations after addition of new object clauses will be as under: A. MAIN OBJECTS OF THE COMPANY TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE: 1.1 To carry on the business of manufacturing, processing, buying, selling, trading, dealing, importing and exporting; winding wires; wires made of ferrous and non-ferrous metals and their alloys; electrical cables, wires and conductors of all types and description; sections, strips, sheets, profiles, bars, rounds, hollows, pipes, tubes, flats and foils of ferrous and non-ferrous metals and their alloys; insulating material of all types; impregnating varnishes; enamels; and resins; 1.2. To carry on the business of manufacturing, processing, refining, recycling, buying, selling, trading, dealing, importing and exporting of various types of scraps and unrefined forms of non-ferrous metals, ferrous metals, precious metals, non-metallic materials, minerals and their compounds, alloys and mixtures; 1.3 To carry on the business of manufacturing, processing, buying, selling, trading, dealing, importing and exporting, processing of Ingots, Anodes, Blisters, Billets, Rods, cathodes, Sheets, Strips, Foils of non-ferrous, ferrous materials, minerals, residues and their scraps and alloys. The proposed change in the object of the company is subject to necessary approvals from the Ministry of Corporate Affairs, and any other regulatory authority. PRECISION WIRES INDIA LIMITED REGD. OFFICE: SAlMAN HOUSE, J. A. RAUL STREET, OFFSAYANI 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,AMLIHANUMAN(66KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235 Annexure-B Brief Note on Amendments in the Articles of Association (AOA) of the Company The existing Clause 12(a)(ii) of the Articles of Association ("AOA") of the Company mandates that any further issuance of shares to "any persons" (including by way of a Preferential Issue) must be priced strictly based ona valuation report issued by a Registered Valuer registered under the Companies Act, 2013.The Company, being a listed entity, is also governed by the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"). Under Regulation 166A of the SEBI ICDR Regulations,a valuation report from an Independent Registered Valuer is mandatory only ifa preferential issue results in an allotment exceeding 5% of the post-issue fully diluted share capital of the Company to an allottee (or allottees acting in concert), or if such an issuance triggers a change in control of the Company. To ensure operational flexibility, avoid dual compliance standards, and seamlessly align the Company’s internal governance framework with the statutory provisions of the SEBI ICDR Regulations, the Board of Directors proposes to amend the existing Clause 12(a) of the Articles of Association of the Company. Pursuant to the provisions of Section 14 of the Companies Act, 2013, any alteration or amendment of the Articles of Association. Accordingly, the consent of the members is being sought by way of a Special Resolution in the 37th Annual General Meeting held on August 10, 2026. The Clause 12 (a)(ii) of the Articles of Association (AOA) of the Company is being altered as below: Revised Clause 12(a)(ii): (ii) to employees under a scheme of employees' stock option, subject to a special resolution passed by the Company and subject to such conditions as may be prescribed under the Act & Rules made thereunder; or to any persons, if it is authorised by a special resolution, whether or not those persons include the persons referred to in above (i) or (ii), either for cash or fora consideration other than cash, at a price determined in accordance with the provisions of the Act and Rules made thereunder, or in accordance [Showing first 8,000 characters — download PDF for full document]