Precision Wires India ltd. — AGM Information 2025

Aug 9, 2025

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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: 09[th] August, 2025

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

Dear Sir/Madam,

Reference: Script ID “PRECWIRE” Script ID “523539”

Subject: Proceedings of Annual General Meeting held on Saturday, 09[th] August, 2025

We inform that Extra Ordinary General Meeting (EGM) of the Company was held on Saturday, 9[th] August, 2025, at 10.00 am via video conference.

The Meeting was started on 10.00 am and ended on 10.50 am.

We are enclosing herewith proceedings of Annual General Meeting as Annexure – I.

Kindly take the above information on record.

Thanking you,

Yours sincerely.

For Precision Wires India Limited

Digitally signed by Deepika Deepika Rohit Pandey Rohit Pandey Date: 2025.08.09 14:05:49 +05'30'

Deepika Pandey Company Secretary & Compliance Officer

Encl: As Above

PRECISION WIRES INDIA LIMITED

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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

ANNEXURE-I

PROCEEDINGS OF ANNUAL GENERAL MEETING (AGM)

The 36th Annual General Meeting (“AGM”) of the Members of Precision Wires India Limited was held on Saturday, 09th August, 2025 at 10:00 A.M. through Video Conference (VC), in accordance with the applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Mrs. Deepika Pandey, Company Secretary, welcomed the Members to the Meeting. She informed that remote e-voting facility was provided to the Members from Wednesday, 06th August, 2025 to Friday, 08th August, 2025 (till 5:00 P.M.) and the cut-off date for determining eligibility to vote was Saturday, 2nd August, 2025.

The Company had received participation from corporate shareholders holding approximately 15% of the paid-up capital. Participation through VC was reckoned for the purpose of quorum under Section 103 of the Companies Act, 2013.

Upon confirming the presence of the requisite quorum, the Company Secretary introduced the Board Members and Key Managerial Personnel attending the meeting through VC:

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Directors Present Designation
Mr. Milan Mahendra Mehta Chairman and Managing Director
Mr. Deepak Mahendra Mehta Vice Chairman and Whole Time Director
Mr. Sanjay Singhvi Executive Director
Mr. Niraj Bhukhanwala Independent Director
Mr. Manoj Lekhrajani Independent Director
Mrs. Asha Morely Independent Director
Mr. Nirbhay Mehta Senior Vice President
Shri Mohandas Pai Chief Financial officer
Shri Nirbhay Mehta Senior Vice President
Smt. Krina Parekh Deputy CFO
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The Notice of the AGM along with the Annual Report, including the Audited Financial Statements for the financial year ended 31st March, 2025, the Board’s Report, and the Auditors’ Reports were emailed to all Members whose email addresses were registered with the Company, Registrar and Transfer Agent (RTA), or Depository Participants, in compliance with applicable laws.

It was informed that Mrs. Ragini Chokshi, Practicing Company Secretary, was appointed as the Scrutinizer by the Board of Directors to scrutinize the remote e-voting and e-voting during the AGM in a fair and transparent manner.

The Company Secretary further informed the Shareholder that we have identified certain inadvertent errors in the Annual Report for the Financial Year 2024–25, which was circulated to the shareholders.

On Page No. 51, under the ‘Total’ column for the remuneration of Smt. Asha Morley, the figure has been inadvertently printed as ₹ 1.50 lakhs instead of the correct figure of ₹ 1.05 lakhs.

PRECISION WIRES INDIA LIMITED

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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

Further, there is a correction in Note No. 23 on Page No. 105 of the Annual Report, which was displayed on the screen for the information of the members.

The Chairman, Mr. Milan Mehta, welcomed the Members and declared the Meeting in order. He gave an overview of the Company’s performance during the financial year 2024–25, highlighting the Company’s steady growth, expansion at the Silvassa Unit, and its continued leadership in the winding wires segment.

The Chairman structured his address into two parts:

1. Operations and Financial Performance

2. Expansion Plans

The Statutory Auditors’ Report and the Secretarial Auditor’s Report for the year ended 31st March, 2025 did not contain any qualifications, observations, or adverse remarks, and were taken as read, along with the Notice of the AGM and Board’s Report.

AGENDA ITEMS TRANSACTED :

Item No. 1 – Adoption of Audited Financial Statements for the year ended 31st March, 2025

Item No. 2 – Declaration of Final Dividend

Item No. 3 – Re-appointment of Shri Deepak M. Mehta as Director liable to retire by rotation

Item No. 4 – Appointment of Secretarial Auditor for five years

Item No. 5 – Ratification of Remuneration to Cost Auditor

Item No. 6 – Revision in Borrowing Powers of the Company

Item No. 7 – Creation of Mortgage/Charge on Assets

Members were informed that the explanatory statement setting out material facts concerning the special business was included in the AGM Notice on pages 15 to 17

Shareholder Queries & Voting Results

A Question-and-Answer session was facilitated for Members who had registered as speakers. The questions raised were duly responded to by the Chairman and Key Managerial Personnel.

It was reiterated that the Scrutinizer, Mrs. Ragini Chokshi, would submit her report on the voting results, and the consolidated voting results will be declared within 48 hours of conclusion of the Meeting. The same shall be placed on the Company’s website and submitted to the Stock Exchanges (BSE Limited and National Stock Exchange of India Limited) in accordance with applicable regulations.

PRECISION WIRES INDIA LIMITED

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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 Meeting concluded at 10.50AM with a vote of thanks extended by the Chairman to all the Members, Directors, Auditors, and other attendees for their participation and continued support.

For Precision Wires India Limited

Digitally signed by Deepika Deepika Rohit Pandey Rohit Pandey Date: 2025.08.09 14:06:15 +05'30' Deepika Pandey Company Secretary and Compliance Officer