Precision Wires declares 35% interim dividend, approves ₹205 Cr working capital facility
Precision Wires declared a 35% interim dividend, payable by December 6, 2026, with a record date of November 13, 2026. The company also secured Rs. 205 Crores in additional working capital facilities from HDFC Bank and approved up to ₹5 Crores for a renewable energy PPA. Un-audited financial results for Q2FY27 were approved.
The dividend payout and the increase in working capital facility are significant financial events that can impact the company's liquidity and operational capacity.
The declaration of a dividend and securing additional working capital facilities are positive developments for the company.
Precision Wires India Limited announced the outcome of its Board of Directors meeting held on November 6, 2026. The Board approved the un-audited financial results for the quarter and half-year ended September 30, 2026. A final dividend of 35% (Rs. 0.35 per fully paid Equity Share of Rs. 1/- each) was declared, payable on or before December 6, 2026. The record date for this interim dividend has been fixed as Friday, November 13, 2026.
Furthermore, the company secured additional working capital facilities from HDFC Bank Limited, totaling Rs. 205 Crores (Rs. 135 Crores and Rs. 70 Crores). These facilities will rank pari passu with other secured lenders. The company also approved a Power Purchase Agreement for renewable energy under a Group Captive Consumption Model with an aggregate investment of up to ₹5 Crores.
The Board also reviewed and approved disclosures of Related Party Transactions for the half-year ended September 30, 2026, and confirmed no deviation or variation in the utilization of proceeds from a preferential issue of Compulsory Convertible Debentures (CCDs) completed on September 25, 2026. The meeting commenced at 11:45 AM and concluded at 12:45 PM.
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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 medium impact: worth reading, rarely worth acting on by itself.
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