Precision Wires India Limited, a leading manufacturer of copper wires and cables, has announced the preferential allotment of equity shares and convertible warrants to non-promoter investors. This allotment was approved by the Board of Directors through a circular resolution passed on 29th July 2025.

The allotment is in continuation of earlier approvals dated 17th May 2025 and 17th June 2025, following the acceptance of the offer letters issued to the investors. The company complies fully with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) and the Companies Act, 2013.

Equity Shares Allotment

Precision Wires allotted 13,83,000 fully paid equity shares of face value ₹1 each at a price of ₹151 per share, aggregating to ₹20.88 crore. The allotment was made exclusively to non-promoter investors as part of a preferential issue. This allotment is expected to strengthen the company’s capital base.

The three investors allotted equity shares are:

• Saraswati Commercial India Limited: 10,00,000 shares for ₹15.10 crore

• Sapientia Holdings LLP: 3,00,000 shares for ₹4.53 crore

• Trishakti Power Holding Private Limited: 83,000 shares for ₹1.25 crore

Convertible Warrants Allotment

Alongside the equity shares, Precision Wires also allotted 27,67,000 fully convertible warrants priced at ₹151 each to the same category of investors, aggregating to ₹41.76 crore. At the time of allotment, the company has received 25% upfront consideration amounting to ₹10.44 crore.

The convertible warrants will be convertible into equity shares of face value ₹1 each at a future date as per SEBI guidelines.

The warrant allotment to investors is as follows:

• Saraswati Commercials India Limited: 20,00,000 warrants for ₹7.55 crore

• Sapientia Holdings LLP: 6,00,000 warrants for ₹2.27 crore

• Trishakti Power Holding Private Limited: 1,67,000 warrants for ₹0.63 crore

Regulatory Compliance and Approvals

The preferential allotments have received in-principle approvals from BSE Limited and National Stock Exchange of India Limited on 23rd July 2025. The company will file applications for listing and trading of the allotted equity shares in due course as per SEBI Listing Regulations.

This capital raise is part of Precision Wires India Limited’s strategy to strengthen its financial position and support ongoing growth initiatives in its manufacturing and infrastructure capacities located primarily in Mumbai and Silvassa.

Company Background

Established in 1989, Precision Wires India Limited is a reputed name in the production of high-quality copper wires and cables, supplying to various sectors including electrical, telecom, and automotive industries. The company operates from its registered office in Mumbai and its manufacturing facilities in Silvassa.

The recent preferential allotments signal investor confidence in the company’s growth trajectory and ongoing business expansion plans.

Conclusion

Precision Wires India Limited’s preferential allotment of over 13.8 lakh equity shares and 27.6 lakh convertible warrants to three prominent non-promoter investors marks a significant capital infusion. The move is in line with SEBI regulations, approved by stock exchanges, and is expected to support the company’s strategic expansion and financial strengthening.

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