Precision Wires Board Approves Q2 Results, Declares ₹0.35 Dividend, Secures New Debt Facilities
Precision Wires India's board approved Q2 results, declared a ₹0.35 dividend, and secured significant new debt facilities from ICICI Bank, Kotak Mahindra Bank, and DBS Bank, enhancing financial flexibility.
The dividend declaration directly benefits shareholders. The significant new debt facilities from multiple banks provide substantial capital for future growth, working capital, and operational flexibility, indicating a strong financial position and potential for expansion. The approval of Q2 results also provides key financial transparency.
The declaration of a dividend, along with securing substantial new secured and unsecured debt facilities from multiple banks, indicates strong financial health and ongoing expansion plans. The approval of financial results and no deviation in fund utilization also contribute positively.
* The Board of Directors of Precision Wires India Limited approved the unaudited financial results for the quarter and half year ended 30th September, 2025. * A final dividend of ₹0.35 per fully paid Equity Share of ₹1/- each (35%) was declared. The record date for this dividend is 18th November, 2025, and it is payable to members on or before 11th December, 2025. * The company availed an additional secured Term Loan of ₹22.20 crore (₹222.00 million) from ICICI Bank Limited. * Kotak Mahindra Bank Limited sanctioned fresh fund-based/non-fund-based facilities of ₹172.00 crore. This makes Kotak Mahindra Bank the third secured lender, with cumulative secured facilities now totaling ₹282.00 crore. * DBS Bank India Limited sanctioned fresh unsecured fund-based/non-fund-based facilities of ₹75 crore, increasing cumulative unsecured facilities from DBS to ₹175 crore. * The company confirmed no deviation or variation in the utilization of funds raised through the preferential issue of Equity Shares and Convertible Warrants for the quarter ended 30th September, 2025.
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Precision Wires India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Precision Wires India Limited. Read the original for the full detail.