Precision Wires India Limited Declares Final Dividend of ₹0.55, Approves FY26 Results
Precision Wires India Limited's Board approved FY26 results with revenue from operations at ₹5,41,018.05 Lakhs and profit of ₹15,526.80 Lakhs. A final dividend of ₹0.55 per share was declared. Mrs. Krina Parekh was re-appointed as CFO. The company approved ₹190 Crore working capital from RBL and ₹350 Crore secured facility from Axis Bank. M/s Kailash Chand Jain & Co. and M/s Gangan & Co. were re-appointed as Internal and Cost Auditors.
The declaration of dividend and approval of financial results may have a moderate impact on investor sentiment. The approval of working capital facilities will enable the company to fund its operations.
The announcement includes positive financial results for the year ended March 31, 2026, and the declaration of a final dividend, indicating a positive outlook for the company.
Precision Wires India Limited announced the audited financial results for the quarter and year ended 31st March 2026, following a Board of Directors meeting held on May 23, 2026. The Board approved the financial results and the report of the Statutory Auditor. The company's revenue from operations for the year ended March 31, 2026, stood at ₹5,41,018.05 Lakhs compared to ₹4,01,483.14 Lakhs in the previous year. The profit for the period was ₹15,526.80 Lakhs, compared to ₹9,004.01 Lakhs in the previous year. The Board also declared a final dividend of 55%, i.e., ₹0.55 per equity share of ₹1 each, payable within 30 days of approval at the upcoming Annual General Meeting (AGM). Additionally, M/s Kailash Chand Jain & Co. were re-appointed as Internal Auditors, and M/s Gangan & Co. as the Cost Auditor for the financial year 2026-27. The Board approved changes to the Main Objects clause under the Memorandum of Association and Clause 12(a) of the Article of Association to align with SEBI ICDR Regulations. Mrs. Krina Parekh was re-appointed as Chief Financial Officer, effective from the 37th AGM. The company also approved an unsecured working capital facility of up to ₹190 Crore from RBL Limited and the induction of Axis Bank Limited as a fourth secured lender for a secured working capital facility of ₹350 Crore. The Board Meeting commenced at 12:15 pm and concluded at 1:30 pm. The company had declared and paid two interim dividends of ₹0.35 (35%) each, aggregating to 70% on fully paid up Equity Share of ₹1 each, on 12-11-2025 and 14-02-2026 respectively.
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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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