Precision Wires' equity capital boosted by warrant conversions

On October 20, 2025, Precision Wires India Limited allotted 2,767,000 equity shares of ₹1 each at an issue price of ₹151 per share (including a premium) to non-promoter group investors. This allotment follows the conversion of an equal number of convertible equity warrants, originally issued on October 20, 2025, in accordance with SEBI regulations. The conversion generated a balance consideration of ₹31,33,62,750, representing 75% of the issue price per warrant.

All 2,767,000 warrants are now fully converted, with no warrants remaining outstanding. Consequently, the company's issued, subscribed, and paid-up equity share capital has increased to ₹182,807,975, consisting of 182,807,975 fully paid-up equity shares of ₹1 each. The newly allotted shares will rank pari-passu with the existing equity shares.

Key non-promoter allottees included Saraswati Commercials India Limited, receiving 2,000,000 shares, Sapientia Holdings LLP with 600,000 shares, and Trishakti Power Holding Private Limited with 167,000 shares. These conversions have notably increased the shareholding percentage of these entities.