Precision Wires India ltd. — Capital/Financing Update 2020

Apr 13, 2020

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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: 13[th] April, 2020

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,

Sub: Intimation under Regulation 30 of the (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please take note that the Board of Directors of Precision Wires India Limited (the Company) at its meeting held today i.e. April, 13, 2020 through video conference has considered the following:

1. The Board approved and authorised Company to avail additional Cash Credit facility from HDFC Bank (the Bank) amounting to Rs. 35.25 Crore (Rupees Thirty Five Crore twenty five Lakh) within the total limit of Rs. 150 crore (Rupees One Fifty Crore) already sanctioned earlier by the Bank.

2. The Board approved the Corporate Credit Card facility of Rs. 5 Crore (Rupees Five Crore) from the ICICI Bank for the sole purpose of Business of the Company.

The meeting of Board of Directors started at 11.00 am and concluded at 11.37 am.

You are requested to take the same on record & oblige.

For Precision Wires India Limited

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Deepika Pandey Company Secretary