Precision Wires India Ltd. Approves ₹150 Cr Preferential Issue of 12% CCDs
Precision Wires India Limited's EGM on September 5, 2026, approved a ₹150 crore preferential issue of 12% Compulsorily Convertible Debentures (CCDs). The funds will support working capital and capex. The resolution passed with 99.999% in favor.
The preferential issue of ₹150 crore will impact the company's capital structure and provide funds for working capital and capex, which could lead to future growth. The impact is considered medium as it's a debt instrument convertible to equity.
The company successfully passed a significant preferential issue resolution to raise ₹150 crore, which is positive for its financial flexibility and growth prospects.
Precision Wires India Limited held its Extra-Ordinary General Meeting (EGM) on September 05, 2026, where shareholders approved the issuance of 37,50,000 unsecured, unrated, and unlisted 12% Compulsorily Convertible Debentures (CCDs) on a preferential basis.
The preferential issue aims to raise ₹150 crore, with the funds intended to support the company's working capital requirements and capital expenditure. The CCDs will be issued to selected persons who are not part of the Promoter and Promoter Group. These CCDs are subject to compulsory conversion into equity shares.
The EGM was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), with the proceedings and scrutinizer's report being submitted to the stock exchanges. The resolution for the issuance of CCDs was passed with an overwhelming majority, with 99.999% of the votes in favour.
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Precision Wires India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. 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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See the model portfoliosA plain-language summary of a public exchange filing by Precision Wires India Limited. Read the original for the full detail.