Precision Wires declares 35% interim dividend, approves financial results and expansion projects
Precision Wires India Limited declared a second interim dividend of 35% (₹0.35 per share). The Board approved Q3 FY26 un-audited results, re-appointed directors, and secured ₹360 Crore in working capital facilities. Expansion projects costing ₹39.10 Crore and ₹38 Crore were also approved, increasing borrowing powers to ₹4000 Crore.
The dividend declaration, re-appointments, substantial working capital infusion, and approval of significant expansion projects are material events that are likely to have a significant impact on the company's financial performance and strategic direction.
The announcement details a positive outcome with the declaration of an interim dividend, re-appointment of key personnel, securing significant working capital facilities, and approval of expansion projects, all indicating positive business momentum.
Precision Wires India Limited's Board of Directors met on February 14, 2026, and approved the un-audited financial results for the quarter and nine months ended December 31, 2025. The company declared a second interim dividend of 35%, or ₹0.35 per fully paid equity share of ₹1 each, payable within 30 days of declaration. The record date for this dividend is set for February 19, 2026.
In addition, the Board approved the re-appointment of Smt. Asha Morley as a Non-Executive Independent Director for a second five-year term commencing June 23, 2026, subject to shareholder approval. Shri Arjun Milan Mehta was re-appointed as Senior Vice President effective April 1, 2026, also subject to shareholder approval.
The company also secured additional working capital facilities, including ₹100 Crore from ICICI Bank Limited, ₹50 Crores from Axis Bank Limited, ₹60 Crores from Shinhan Bank India Limited, and ₹150 Crores from Yes Bank Limited. The Board further approved an increase in the company's borrowing power from ₹2500 Crore to ₹4000 Crore, subject to shareholder approval.
Expansion projects were also greenlit, including a revised capacity expansion for winding wires made of copper at Silvassa, with a revised cost of ₹39.10 Crores (previously ₹37 Crores) for a capacity of 3950 MT/year. A new expansion project for winding wires made of copper at Silvassa with an estimated capacity of 3920 MT/PA at a cost of ₹38 Crores was also approved.
The company also confirmed no deviation or variation in the utilization of funds raised through preferential issue of equity shares and warrants for the quarter ended December 31, 2025.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Precision Wires India Limited. Read the original for the full detail.