Precision Wires India declares dividend, secures substantial new funding

Precision Wires India Limited's board of directors met on November 12, 2025, to approve its unaudited financial results for the quarter and half-year ended September 30, 2025. The company declared a final dividend of ₹0.35 per fully paid equity share (35%), payable to eligible shareholders by December 11, 2025, with a record date of November 18, 2025.

In a move to bolster its financial position, Precision Wires India secured an additional secured term loan of ₹222.00 million from ICICI Bank Limited. Furthermore, Kotak Mahindra Bank Limited sanctioned fresh fund-based/non-fund-based facilities totaling ₹172.00 crores, increasing cumulative secured facilities to ₹282.00 crores. DBS Bank India Limited also sanctioned fresh unsecured facilities of ₹75 crores, bringing the total unsecured facilities from DBS to ₹175 crores.

The company also reported no deviation or variation in the utilization of funds raised through the preferential allotment of 13,83,000 equity shares and 27,67,000 convertible warrants. The total amount raised from this preferential issue was ₹62,66,50,000.