Precision Wires India ltd. — Board/Management Information 2021

Apr 1, 2021

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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: 1[st] April, 2021

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

Dear Sir/Madam,

Subject: Re-Appointment of Mr. Milan Mehta, as a Managing Director and Vice Chairman

We would like to inform you that Board of Directors, at its meeting held on today i.e. Thursday, 01[st] April, 2021 has considered and approved the re-appointment of Mr. Milan Mehta as a Managing Director and Vice Chairman of the Company for a further period of three years i.e. from 01[st] April, 2021 to 31[st] March, 2024. The said re-appointment is subject to necessary approvals from Shareholders of the Company at the ensuing Annual General Meeting.

The information required pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in annexed as Annexure-I.

Kindly take the same on record.

Thanking you.

For Precision Wires India Limited

DEEPIKA Digitally signed by DEEPIKA ROHIT ROHIT PANDEY Date: PANDEY 2021.04.01 12:58:45 +05'30'

Deepika Pandey Company Secretary ACS No: 41277

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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

Annexure-I

Sr. No	Particulars	Details
1	Reason for change viz. appointment, resignation, removal, death or otherwise	The Term of Mr. Milan Mehta, Managing Director and Vice Chairman was only till 31st March, 2021, hence the re-appointment is done for another period of three years
2	Date of Appointment/Cessation & Term of Appointment	From 01stApril, 2021 to 31stMarch, 2024
3	Brief Profile of Director	The Vice Chairman and Managing Director, Shri Milan M. Mehta is a founder promoter, a qualified Electric and Electronic Engineer from U.S.A. He has, by now, all around firsthand experience in management, administration, marketing, accounts and technology for more than 30 years in Wire- Cable, Non-Ferrous Metal and Resins/ Insulated Varnish Industries. The company has performed and progressed extremely well under his leadership.
4	Disclosure of relationships between directors (in case of appointment of a director)	Chairman of the Company is Father and Whole Time Director is Brother of Mr. Milan Mehta.