Precision Wires India Ltd

CIN change after MOA alteration

• Old CIN L31300MH1989PLC054356 replaced with L27320MH1989PLC054356.
• Special Resolution altering MOA objects approved at AGM on 10-08-2026 and registered with ROC Mumbai.
• Certificate of Registration enclosed; CIN to be updated on all statutory records.
• Company will update CIN across statutory documents and communications.

Allotment of CCDs and terms

• Board approved allotment of 37,50,000 CCDs at Rs 400 per CCD, totaling Rs 150 crore.
• Coupon rate fixed at 12% per annum.
• CCDs are compulsorily convertible into equity within 12 to 18 months.
• Proposed allottees: Anchorage Capital Scheme-III (20,00,000) and AADI Financial Advisors LLP (17,50,000).
• Total quantum Rs 150 crore; private placement to non-promoters.
• Post-conversion equity holdings: 1.07% (Anchorage); 0.94% (AADI).

Regulatory disclosures and approvals

• Annexure I attached; Regulation 30 disclosures under SEBI LODR.
• Issuance type: preferential private placement under Companies Act 2013 and ICDR Regulations 2018.
• Two allottees: Anchorage Capital Scheme-III and AADI Financial Advisors LLP.
• Post-issue: CCDs to convert into equity within 18 months; conversion terms not detailed here.
• Total CCDs: 37,50,000; issue price Rs 400 per CCD.

CC&A license for Zaroli plant

• Consolidated Consent and Authorisation to establish at Zaroli, Gujarat granted by Gujarat Pollution Control Board.
• CC&A covers Water Act, Air Act, and Hazardous Waste Rules; license valid through 10 August 2031.
• Enables operation of the industrial plant at Zaroli, Gujarat.

Zaroli Plant Trial Production

• Started trial production of Copper Cathodes at Zaroli, Gujarat copper refining/recycling plant.
• Trials of some important equipment are underway.
• Commercial production expected in Q3 FY 2026-27, subject to final regulatory approvals.

Zaroli plant production

• Commenced trial production of copper cathodes at Zaroli plant; commercial production planned in Q3 FY2026-27, pending approvals.
• Trials of key equipment are still underway.

Approvals and instrument details

• BSE and NSE granted in-principle approvals on Sep 11, 2026 for CCD issue.
• 37,50,000 CCDs with face value Rs 400 to be allotted to proposed allottees.
• CCDs will convert into 37,50,000 equity shares of Re 1 each on conversion.

Regulatory and listing conditions

• Listing applications to be filed within prescribed timelines following allotment.
• Subject to approvals from SEBI, RBI, MCA and other authorities.
• Compliance with ICDR/LODR regulations and applicable laws essential for listing.

Governance and controls

• Internal controls to monitor proposed allottees' trades; ensure ICDR Chapter V compliance.
• Undertakings from allottees to avoid intraday trading until allotment date.
• Exchange may withdraw in-principle approval if information is incomplete or misleading.

In-principle approvals and conditions

• In-principle approvals received from BSE and NSE on Sep 11, 2026 for CCDs.
• Total face value of CCDs to be allotted: Rs 15 crore.
• Allotment: 37,50,000 CCDs at Rs 400 each to proposed allottees.
• Equity shares on conversion: 37,50,000 shares of Rs 1 each.
• Filing listing application within statutory timelines under ICDR 2018 Chapter V.
• Internal controls to monitor proposed allottees trades; strengthen processes.
• Undertaking from allottees to refrain from intraday trading or pre-allotment selling; issuer to verify.
• Approvals are in-principle and not final; further approvals may be required.
• NSE letter notes potential withdrawal if information is incomplete or misleading.

Land acquisition funding

• Up to ₹10 crore earmarked from preferential issue proceeds for land purchase.
• Subject to land identification, due diligence, approvals, permissions, and compliance.
• If agricultural land, NA conversion to non-agricultural use to be sought within prescribed period.
• If NA permission cannot be obtained, land will be disposed of as per applicable laws.
• Material developments will be disclosed under SEBI LODR regulations.