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Precision Wires India ltd. Capital/Financing Update 2019

Nov 13, 2019

61164_rns_2019-11-13_3e6c83ba-a761-4b03-9c5b-89fa0c5b20ed.pdf

Capital/Financing Update

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PRECISION WIRES INDIA LIMITED

REGD. OFFICE: SAlMAN HOUSE, J. A. RAUL STREET, OFFSAYANI ROAD, PRABHADEVI, MUMBAI- 400025, INDIA. TEL: +91-22-24376281 FAX +91-22-24370687 E-MAIL: [email protected] WEB: www.precisionwires.com CIN: L31300MH1989PLC054356 WORKS: PLOT NO. 125/2, AMLI HANUMAN (66KVA) ROAD, SILVASSA-396230, U.TOFD.NH, INDIA. TEL: +91-260-2642614 FAX: +91-260-264235

1	Bombay Stock Exchange Limited (BSE)
	Corporate RelationshipDepartment,1st Floor, New Trading Ring,
	Rotunda BUilding,P.J.Towers, Dalal Street, Fort, Mumbai-400 001
	Company Code:523539
2	The Manager,
	Listing Department
	National Stock Exchange of India Limited (NSE)
	'Exchange Plaza', C-1, Block G,
	Bandra- Kurla Complex,Bandra (E), Mumbai- 400051,
	Symbol:PRECWIRE

Date: 13th November, 2019

Dear Sir,

Sub: INTIMATION REGARDING SURRENDER OF BANK FACILTITES.

In continuation with our letter dated 12th November, 2019 for uploading Q2 Results fy 2019-20, the following decisions were also taken at the same Board Meeting:

To surrender the following Bank Facilities:

120.0 Million Term Loan facility to ICICI Bank.
400.0 Million Working Capital Facility to Yes Bank.
160.0 Million non funding facility to Ratnakar Bank Limited.

You are requested to take the same on your record.