Precision Wires India ltd. — AGM Information 2021

Sep 2, 2021

PRECISION WIRES INDIA LIMITED

REGD. OFFICE: SAIMAN HOUSE, J. A. RAUL STREET, OFF SAYANI ROAD, PRABHADEVI, MUMBAI - 400 025, INDIA. TEL: +91-22-24376281 FAX: +91-22-24370687 E-MAIL: mumbai@pwil.net WEB: www.precisionwires.com CIN: L31300MH1989PLC054356 WORKS: PLOT NO. 125/2, AMLI HANUMAN (66 KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235

Date: 02nd September, 2021

BSE Limited (BSE)	The Manager,
Corporate Relationship Department, 1st	Listing Department
Floor, New Trading Ring,	National Stock Exchange of India Limited
Rotunda Building, P.J.Towers, Dalal Street,	(NSE)
Fort, Mumbai-400 001	'Exchange Plaza', C-1, Block G, Bandra - Kurla
	Complex, Bandra (E), Mumbai – 400 051.
Company Code : 523539	Symbol : PRECWIRE

Dear Sir/Madam,

Sub:- Proceedings of the 32ndAnnual General Meeting of the Company held on Wednesday, 01stSeptember, 2021 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations)

Pursuant to Regulation 30 of the Listing Regulations, please find below gist of Proceedings of the 32ndAnnual General Meeting (AGM) of the Company held on Wednesday, 01stSeptember, 2021:

A. Date, time and venue of the Meeting :

The 32ndAGM of the Company was held on Wednesday, 01stSeptember, 2021 at 02.00 a.m., through Video Conference and other Audio - Visual Means.

B. Brief details of items deliberated at AGM and results thereof:

• Mr. Mahendra Mehta, Chairman, chaired the proceedings of the AGM.
• The Company Secretary informed that the meeting was held through video conference in accordance with the circular issued by the Ministry of Corporate Affairs and SEBI from time to time.
• The requisite quorum being present, the Chairman called the Meeting to order.
• The Chairman then delivered his speech.

PRECISION WIRES INDIA LIMITED

REGD. OFFICE: SAIMAN HOUSE, J. A. RAUL STREET, OFF SAYANI ROAD, PRABHADEVI, MUMBAI - 400 025, INDIA. TEL: +91-22-24376281 FAX: +91-22-24370687 E-MAIL: mumbai@pwil.net WEB: www.precisionwires.com CIN: L31300MH1989PLC054356 WORKS: PLOT NO. 125/2, AMLI HANUMAN (66 KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235

• The Chairman informed that remote e-voting commenced at 9.00 a.m. on Sunday, 29th August, 2021 and ended at 5.00 p.m., Tuesday on 31st August, 2021.
• The following items of business as set out in the Notice convening the AGM were put for shareholder's approval:

Ordinary Business:

• 1. To Receive, Consider and Adopt Audited Financial Statements of the Company for the financial year ended 31stMarch, 2021.
• 1. To confirm and approve two installments of Interim Dividends paid and to declare and approve Final Dividend @ 40% i.e. Rs. 2/- per share for the Financial Year 2020-21.
• 1. To appoint a director in place of Shri Milan M. Mehta (DIN: 00003624), who retires by rotation and being eligible offered himself for re-appointment.

Special Business:

• 1. Re-Appointment of Shri Milan M. Mehta (DIN: 00003624) as Vice Chairman and Managing Director.
• 1. Re-appointment of Shri Mahendra R. Mehta (DIN: 00003558) as Chairman, Managing Director of theCompany.
• 1. Ratification of Remuneration to the Cost Auditor of the Company for the Financial Year ending 31st March,2022
• C Result of AGM:
  • The Chairman informed the Members that Mrs. Ragini Chokshi partner at M/s. Ragini Chokshi & Co., Practicing Company Secretaries Firm, was appointed as scrutinizer to scrutinize the remote e-voting process and e-voting facility at time of AGM in a fair and transparent manner.
  • The Chairman informed the Members that the results of voting shall be disseminated to the Stock Exchanges and also uploaded on the website of the Company within the stipulated time and on the website of NSDL.

D. Manner of approval :

REGD. OFFICE: SAIMAN HOUSE, J. A. RAUL STREET, OFF SAYANI ROAD, PRABHADEVI, MUMBAI - 400 025, INDIA. TEL: +91-22-24376281 FAX: +91-22-24370687 E-MAIL: mumbai@pwil.net WEB: www.precisionwires.com CIN: L31300MH1989PLC054356 WORKS: PLOT NO. 125/2, AMLI HANUMAN (66 KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235

• Pursuant to the provisions of the Companies Act, 2013 and Regulation 44 of the Listing Regulations, the Company had provided remote e-voting facility to its Members to cast votes electronically, on all the resolutions set out in the Notice.
• Further, the facility for e-voting facility was also made available to the Members who were present at AGM and had not cast their votes by remote e-voting.

The 32nd Annual General Meeting concluded at 02.55 PM.

You are requested to take the same on your record and oblige.

For Precision Wires India Limited

DEEPIKA ROHIT PANDEY Digitally signed by DEEPIKA ROHIT PANDEY Date: 2021.09.02 12:28:19 +05'30'

Deepika Pandey Company Secretary ACS No. 41277