Shareholders meeting

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: August 21, 2026 To, To, 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 Sub: Corrigendum to the Notice of the Extra-Ordinary General Meeting of the Members of the Company. Dear Sir/Madam, This is in furtherance to our letter dated August 12, 2026 informing the Stock Exchange(s) with respect to the Extra-Ordinary General Meeting (“EGM”) of the Members of Precision Wires India Limited (“Company”) is scheduled to be held on Saturday, September 05, 2026 at 11.30 A.M (IST) through Video Conferencing ("VC")/Other Audio-Visual Means ("OAVM") in accordance with the applicable circulars issued by the Ministry of Corporate Affairs to seek approval of the Members on the matters as provided in the notice of the EGM dated August 10, 2026 (“Notice”). This is to inform you that the corrigendum/addendum to the Notice has been issued to the Members of the Company on August 20, 2026 (“Corrigendum”). The Company through this Corrigendum wishes to bring to the notice of the Members, certain changes, detailed below, in the EGM Notice in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the circulars/guidance notes issued thereto, as amended (“Listing Regulations”) and suggestions/comments received from the concerned Stock Exchanges. The Corrigendum shall form an integral part of the Notice, which has already been circulated to the Members of the Company, and on and from the date hereof, the Notice shall always be read in conjunction with this Corrigendum. A copy of the Corrigendum is enclosed herewith for your reference and records. Copy of the said Corrigendum to the Notice is also uploaded on the website of the Company i.e. https://precisionwires.in/ Kindly take the above submission on your record. Thanking you, Yours faithfully, For Precision Wires India Limited Deepika Pandey Company Secretary and Compliance Officer Encl: as above PRECISION WIRES INDIA LIMITED CIN: L31300MH1989PLC054356. 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 WORKS: PLOT NO.125/2,AMLI HANUMAN (66KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA CORRIGENDUM TO THE NOTICE OF EXTRA-ORDINARY GENERAL MEETING (EGM) OF THE COMPANY An Extra-Ordinary General Meeting (“EGM”) of the Members of Precision Wires India Limited (“the Company”) is scheduled to be held on Saturday, 5th September, 2026 at 11:30 A.M. (IST) through Video Conferencing (“VC”) and other Audio Visual means. The Notice of the EGM (“EGM Notice”) was dispatched to the members of the Company on 12th August, 2026 in compliance with the provisions of the Companies Act, 2013 (‘Act’), and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Capitalized words and expressions used but not defined herein shall have the same meaning as assigned to them in the EGM Notice. The Company had filed applications with the stock exchanges for In-Principle approval in relation to the proposed Preferential Issue of Compulsory Convertible Debentures (CCDs) for which the approval of the members is being sought. Thereafter, the Company has received certain observations from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). This Corrigendum is being issued for some clarifications/modifications/updation to the EGM Notice as mentioned hereinafter, pursuant to the observations of the NSE and BSE and in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘SEBI ICDR Regulations’); applicable provisions of the Companies Act, 2013 and rules made thereunder read with the MCA Circulars: 1. Sr. No. “1. Object of the Preferential Issue” under Explanatory Note of Agenda No. 1 and the table prescribed on the Page No. 12 to 13 of the EGM notice dated 10th August, 2026 shall stand deleted and be replaced with the following and be read as under: 1. Objects of the Preferential issue The proceeds of the Preferential Issue will be utilised for the objects mentioned in point no. A and B as per the table below: S.N. Objects for which Funds Raised will be Amount (Rs. Amount (Rs. Tentative Time for utilized in Crores) in Crores) Utilization A * Working Capital Requirement of the 90.00 18 months from the date Company for procurement of Raw of receipt of fund Material i.e. Copper and discharging Financial Liabilities thereagainst B *Expansion 60.00 24 months from the date of receipt of fund b.1. Capital Expenditure for Expansion 50.00 24 months from the date Projects i.e. Purchase of New Plant, of receipt of fund Machinery and Equipment/s b.2. Acquisition/s of new parcel/s of Land 10.00 24 months from the date of receipt of fund *the amount specified for the Objects may deviate +/- 10% depending upon the future circumstances, given that the Objects are based on the Management estimates and other commercial and technical factors. A. Working Capital Requirement The Company has ambitious plans and has already announced to expand its Winding Wires Capacities at its Silvassa Location/s from the current estimated level of about 55000 MT/PA as on 31.03.2026 to a level of about 69000 MT /PA by end of Q2 FY 2027-28. In the upcoming periods, further capex plans may be announced as per Company’s requirements. PRECISION WIRES INDIA LIMITED CIN: L31300MH1989PLC054356. 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 WORKS: PLOT NO.125/2,AMLI HANUMAN (66KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA The Company recently commissioned its Copper Rod manufacturing unit at Valvada which is captively manufacturing and supplying Copper Rods to its Silvassa Units. The Copper Recycling / Refining Project of the Company at Zaroli is projected to start Trial Production in Q2 FY 2026-27. Due to all of the above, our Raw Material i.e. Copper and Working Capital requirements will increase substantially. The LME Grade A Copper Prices which are the underlying basis of all purchase and sales transactions carried out by the Company locally and internationally have been soaring higher and higher and have reached highest historical levels during the last few months. Indian Rupee has got sharply devalued against USD due to geopolitical and other market related factors during the last one year. On a y-o-y basis, an approximate summary of the average LME Prices for the corresponding periods along with the INR / USD conversion is tabulated below : Period Approx. LME Approx. Approx price of LME Grade A Copper USD/INR Grade A Copper/MT in Average Average INR Apr’25 to Mar’26 10815 88.81 960480 Apr’25 to Jun’25 9519 86.00 818630 Apr’26 to Jun’26 13324 95.15 1267800 Jul’26 13525 96.21 1301240 % Change between Apr-Jun’26 and Apr’25 32% to Mar’26 Average Price in INR % Change between Apr-Jun’26 and Apr- 55% Jun’25 Average Price in INR % Change between Jul’26 and Apr-Jun’25 59% Average Price in INR This unprecedented surge in Raw Material Prices has occurred due to geopolitical situation, lower output from Co [Showing first 8,000 characters — download PDF for full document]