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Precision Wires India ltd. Interim / Quarterly Report 2026
61164_rns_2026-05-23_132e407d-9c4d-4b68-b174-6ac8851bb6b1.pdf
Interim / Quarterly Report
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PRECISION
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: [email protected]
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: May 23, 2026
| BSE Limited (BSE)
Corporate Relationship Department, 1st Floor,
New Trading Ring, Rotunda Building, P.J.
Towers, Dalal Street, Fort, Mumbai- 400 001
Company Code: 523539 | The Manager,
Listing Department
National Stock Exchange of India Limited (NSE)
'Exchange Plaza', C-1, Block G, Bandra - Kurla
Complex, Bandra (E), Mumbai – 400 051.
Symbol: PRECWIRE |
| --- | --- |
Subject: Outcome of Meeting of the Board of Directors.
In furtherance to our Board Meeting Intimation dated 15th May, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e., Saturday, May 23, 2026, inter-alia, considered, and approved the following matters:
-
Audited Financial Results of the Company along with Report of Statutory Auditor thereon for the quarter and year ended 31st March, 2026 duly reviewed by the Audit Committee and Declaration Pursuant to Regulation 33(3) d of the Listing Regulations;
The Results will also make available on the website of the Company i.e. www.precisionwires.com and will be published in newspapers as required. -
On the fully paid Equity Share of Rs. 1/- each, Final Dividend @ 55% i.e. Rs. 0.55/- was declared, payable to the members within 30 days of approval in the ensuing Annual General Meeting of the Company;
-
Re-appointment of M/s Kailash Chand Jain & Co., as Internal Auditors of the Company for the Financial year 2026-27
-
Re-appointment of M/s Gangan & Co., as the Cost Auditor of the Company for the Financial year 2026-27.
-
Change in the Main Objects clause under Memorandum of Association by addition of two more sub-clauses
-
Change of Clause 12 (a) of Article of Association in relation to Further Issue of Capital in order align the same with SEBI ICDR Regulation
-
Re-appointment of Mrs. Krina Parekh, as a Chief Financial Officer of the Company with effect from the ensuing 37th Annual General Meeting of Company
Deepika Rohit Pandey
Digitally signed by Deepika Rohit Pandey
Date: 2026.05.23
13:56:39 +05'30'
PRECISION
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: [email protected]
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
- Unsecured Working Capital Facility upto Rs. 190 Crores from RBL Limited
- Induction of Axis Bank Limited as a Fourth Secured Lender of the Company for a Secured Working Capital Facility of Rs. 350 Crores (Rupees Three Fifty Crores)
Board Meeting started at 12.15 pm and concluded at 13.30 pm.
Kindly take the above on your records.
Thanking you,
Yours faithfully,
For Precision Wires India Limited
Deepika Rohit Pandey
Digitally signed by Deepika Rohit Pandey
Date: 2026.05.23
14:04:10 +05'30'
Mrs. Deepika Pandey
Company Secretary and Compliance Officer
Encl: as above
PRECISION
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: [email protected]
WEB: www.precisionwires.com
CIN: L31300MH1989PLC054356 PAN: AAACP7555L
WORKS: SURVEY NO. 125/2, AMLI, 66 KVA ROAD,
SILVASSA - 396 230, U.T OF D.N.H. & D.D., INDIA.
Page 1/3
(Rs. in Lakhs except Per Share Data)
| STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026 | |||||||
|---|---|---|---|---|---|---|---|
| Sr. No. | Particulars | Quarter Ended | Year Ended | ||||
| 31.03.2026 | 31.03.2025 | 31.12.2025 | 31.03.2026 | 31.03.2025 | |||
| (Audited) | (Audited) | (Unaudited) | (Audited) | (Audited) | |||
| 1 | Income from Operations | ||||||
| (a) | Revenue from Operations | 1,74,345.71 | 1,04,582.75 | 1,33,693.52 | 5,41,018.05 | 4,01,483.14 | |
| (b) | Other Operating Income | 1,939.33 | 854.91 | 1,066.74 | 5,325.09 | 2,078.93 | |
| Total Revenue (a + b) | 1,76,285.04 | 1,05,437.66 | 1,34,760.26 | 5,46,343.14 | 4,03,562.07 | ||
| 2 | Expenses | ||||||
| (a) | Cost of Raw Material Consumed | 1,57,165.70 | 93,146.79 | 1,29,423.79 | 5,03,396.64 | 3,69,812.89 | |
| (b) | Purchase of Stock-in-Trade | 2,422.71 | 0.47 | - | 2,422.71 | 37.69 | |
| (c) | Changes in Inventories of Finished Goods, Work-in-progress and Stock-in-Trade | (616.02) | 1,118.75 | (7,835.87) | (13,175.89) | (3,612.45) | |
| (d) | Employee benefits expenses | 1,557.59 | 1,309.86 | 1,432.71 | 5,682.55 | 4,826.25 | |
| (e) | Depreciation & Amortisation Expense | 737.92 | 610.95 | 712.96 | 2,736.88 | 1,962.95 | |
| (f) | Power & Fuel | 1,132.28 | 1,016.94 | 1,076.83 | 4,346.82 | 3,825.64 | |
| (g) | Finance Cost | 2,482.94 | 1,345.87 | 1,606.96 | 7,272.33 | 4,665.84 | |
| (h) | Other Expenses | 4,177.30 | 2,930.63 | 3,119.06 | 12,752.10 | 10,006.23 | |
| 1,69,060.42 | 1,01,480.26 | 1,29,536.44 | 5,25,434.14 | 3,91,525.04 | |||
| 3 | Profit/(Loss) before Tax (1 - 2) | 7,224.62 | 3,957.40 | 5,223.82 | 20,909.00 | 12,037.03 | |
| 4 | Tax Expenses | ||||||
| (a) | Current Tax | 1,609.59 | 943.09 | 1,392.00 | 5,057.59 | 2,969.14 | |
| (b) | Deferred Tax | 127.62 | 55.91 | 62.25 | 324.61 | 63.88 | |
| 5 | Profit/(Loss) for the Period before Extraordinary Items | 5,487.41 | 2,958.40 | 3,769.57 | 15,526.80 | 9,004.01 | |
| 6 | Extraordinary Items (net of Tax expenses) | - | - | - | - | - | |
| 7 | Profit/(Loss) for the Period | 5,487.41 | 2,958.40 | 3,769.57 | 15,526.80 | 9,004.01 | |
| 8 | Other Comprehensive Income | (10.09) | (58.95) | - | (10.09) | (58.95) | |
| 9 | Total Comprehensive Income | 5,477.32 | 2,899.45 | 3,769.57 | 15,516.71 | 8,945.06 | |
| 10 | Paid-up equity share capital (Face value of share Rs. 1/- each) | 1,828.16 | 1,786.58 | 1,828.16 | 1,828.16 | 1,786.58 | |
| 11 | Reserves excluding revaluation reserve (as per balance sheet of Previous Accounting year) | - | - | - | 75,406.04 | 55,837.28 | |
| 12 | Earnings Per Share (EPS) (not annualised for Quarter and Nine Months) | ||||||
| (i) | Basic (Face Value of Rs. 1/- Per Share) in Rs. | 3.03 | 1.66 | 2.06 | 8.58 | 5.04 | |
| (ii) | Diluted (Face Value of Rs. 1/- Per Share) in Rs. | 3.02 | 1.66 | 2.06 | 8.57 | 5.04 |
Milan
Mahendra
Mehta
Digitally signed by
Milan Mahendra
Mehta
Date: 2026.05.23
13:53:16 +05'30'
PRECISION
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: [email protected]
WEB: www.precisionwires.com
CIN: L31300MH1989PLC054356 PAN: AAACP7555L
WORKS: SURVEY NO. 125/2, AMLI, 66 KVA ROAD,
SILVASSA - 396 230, U.T OF D.N.H. & D.D., INDIA.
Page 2/3
PRECISION WIRES INDIA LTD
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED ENDED 31ST MARCH, 2026
(Rs. in Lakhs)
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) | ||
|---|---|---|---|---|
| ASSETS | ||||
| (1) | Non-current Assets | |||
| (a) | Property, Plant and Equipment | 31,583.80 | 21,809.30 | |
| (b) | Capital-work-in-progress | 18,297.96 | 3,003.97 | |
| (c) | Intangible Assets | - | - | |
| (d) | Financial Assets | |||
| (i) | Investments | - | - | |
| (ii) | Other Financial Assets | 0.09 | 0.09 | |
| (iii) | Other Assets | 774.52 | 121.69 | |
| Non Current Assets | 50,656.37 | 24,935.06 | ||
| (2) | Current Assets | |||
| (a) | Inventories | 44,598.68 | 30,454.45 | |
| (b) | Financial Assets | |||
| (i) | Investments | 17,736.90 | 5,624.85 | |
| (ii) | Trade Receivables | 92,540.50 | 55,662.25 | |
| (iii) | Cash and Cash - Equivalents | 11,431.59 | 3,874.45 | |
| (iv) | Bank Balances Other than Cash and Cash equivalent | 101.09 | 98.25 | |
| (v) | Other Current Assets | 7,856.17 | 4,748.11 | |
| Current Assets | 1,74,264.93 | 1,00,462.36 | ||
| TOTAL ASSETS | 2,24,921.30 | 1,25,397.42 | ||
| EQUITY AND LIABILITIES | ||||
| (1) | Equity | |||
| (a) | Equity Share Capital | 1,828.16 | 1,786.66 | |
| (b) | Other Equity | 75,406.04 | 55,837.28 | |
| 77,234.20 | 57,623.94 | |||
| (2) | Non current Liabilities | |||
| (a) | Borrowings | 16,232.74 | 3,866.58 | |
| (b) | Other Financial Liabilities | 98.53 | 95.88 | |
| (c) | Provisions | 139.64 | 209.45 | |
| (d) | Deferred Tax Liabilities (Net) | 660.90 | 339.68 | |
| (e) | Other Liabilities | 1,160.02 | 598.22 | |
| Non- Current Liabilities | 18,291.83 | 5,109.81 | ||
| (3) | Current Liabilities | |||
| (a) | Trade Payables | 1,08,113.22 | 56,413.45 | |
| (b) | Borrowings | 13,112.27 | 2,283.94 | |
| (c) | Other Financial Liabilities | 2,309.29 | 853.00 | |
| (d) | Other Current Liabilities | 5,623.17 | 2,816.61 | |
| (e) | Provisions | 237.32 | 296.67 | |
| Current Liabilities | 1,29,395.27 | 62,663.67 | ||
| TOTAL OF EQUITY AND LIABILITIES | 2,24,921.30 | 1,25,397.42 |
Milan
Mahendra
Mehta
Digitally signed
by Milan
Mahendra Mehta
Date: 2026.05.23
13:53:36 +05'30'
PRECISION
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: [email protected]
WEB: www.precisionwires.com
CIN: L31300MH1989PLC054356 PAN: AAACP7555L
WORKS: SURVEY NO. 125/2, AMLI, 66 KVA ROAD,
SILVASSA - 396 230, U.T OF D.N.H. & D.D., INDIA.
Note :
-
The format for above results as prescribed in SEBI's Circular CIR/CFD/CMD/15/2015 dated November 30, 2015 has been modified to comply with requirements of SEBI's Circular dated July 5, 2016, IND AS and Schedule III [Division II] to the Companies Act, 2013 applicable to companies that are required to comply with IND AS.
-
The above Audited Financial Results for the Quarter and Year Ended 31st March, 2026 have been reviewed and recommended by the Audit Committee and were taken on record and approved by the Board of Directors in their respective meeting held on 23rd May, 2026.
-
The financial Results of the Company have been audited by the Statutory Auditors of the Company. The Audit Report does not contain any qualification. The Audit report will be filed with the stock exchange and will also be available on the Company's website at https://precisionwires.in/
-
The Board of Directors of the Company declared and paid two Interim Dividend of Rs. 0.35 (35%) each, aggregating to 70% on fully paid up Equity Share of Rs. 1/- each, on 12-11-2025 and 14-02-2026 respectively. The Board has recommended a Final Dividend of Rs. 0.55 (55%) on fully paid up Equity Share of Rs. 1/- each for the year ended 31st March, 2026, subject to the approval of the shareholders at the ensuing AGM.
-
The Company has only one reportable primary business segment as per IND AS 108, i.e. Manufacturing of Winding Wires.
-
On November 21, 2025, the Government of India notified the four labour codes, the code on Wages 2019, Industrial Relations Code 2020, Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code 2020 consolidating 29 existing labour laws. The Company has assessed and taken incremental impact of these changes on the basis of internal assessment with guidance provided by the Institute of Chartered Accountants of India. The incremental impact is not material.
-
Previous year's/period's figures have been regrouped/reworked wherever necessary to make them comparable with the Current Year. The figures for the quarter ended 31st March, 2026 are balancing figures between the audited figures of the full financial year and the reviewed year to date figures up to the third quarter of the financial year.
By order of the Board
Milan Mahendra Mehta
Digitally signed by Milan Mahendra Mehta
Date: 2026.05.23 13:54:19 +05'30"
Milan M. Mehta
Chairman & Managing Director
DIN: 00003624
Place: Mumbai
Date: 23rd May, 2026
PRECISION WIRES INDIA LIMITED.
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2026
| Particulars | For the Year Ended | For the Year Ended | ||||
|---|---|---|---|---|---|---|
| 31st March, 2026 | 31st March, 2025 | |||||
| A. | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before tax and extraordinary items | 20909.00 | 12,037.03 | ||||
| Add / (Deduct) : Adjustments for | ||||||
| a) Financial Charges | 7,272.33 | 4,665.84 | ||||
| b) Depreciation (net) | 2736.88 | 1,962.95 | ||||
| c) Loss/(Profit) on Sale of Fixed Assets | (10.39) | (64.96) | ||||
| d) Expected Credit Loss | (0.52) | 13.78 | ||||
| e) Provision for Bad Debts | - | 16.91 | ||||
| f) Gratuity Payment/Provision | (34.49) | (160.43) | ||||
| g) Amortised income on account of IND AS 20 | (112.14) | (17.35) | ||||
| g) Net (gain)/Loss on Sale/Fair Valuation of Investment | (652.43) | 9,199.24 | (321.65) | 6,095.09 | ||
| Operating Profit before working capital changes | 30,108.24 | 18,132.12 | ||||
| Add / (Deduct) Adjustments for : | ||||||
| Trade and Other Receivables | (36,877.73) | (13,520.95) | ||||
| Inventories | (14,144.23) | (1,718.28) | ||||
| Trade and Other Payables | 56,808.13 | 14,256.75 | ||||
| Other Current Assets | (3,763.73) | 2,022.44 | 1,990.68 | 1,008.20 | ||
| Cash generated from operations | 32,130.68 | 19,140.32 | ||||
| Direct Taxes paid(net of refunds) | (4,834.72) | (2,348.50) | ||||
| Cash flow before extraordinary items | 27,295.96 | 16,791.81 | ||||
| Extraordinary items | - | |||||
| Net cash from operating activities | 27,295.96 | 16,791.81 | ||||
| B. | CASH FLOW FROM INVESTING | |||||
| ACTIVITIES - Inflow / (Outflow) | ||||||
| Purchase of fixed assets ( including Capital Work | (29,364.46) | (10,273.46) | ||||
| in Progress) | ||||||
| Savings on account of EPCG Benefit | 1330.09 | 615.56 | ||||
| Purchase of Investment In Mutual Fund | (61,536.50) | (23,200.00) | ||||
| Sale of Investment In Mutual Fund | 50,076.88 | 23,103.58 | ||||
| Proceeds from Sale of Fixed assets | 10.39 | 75.60 | ||||
| Payment of Lease Liability | (197.89) | (210.01) | ||||
| Net cash generated /(used) in investing activities | (39,681.49) | (9,888.73) | ||||
| C. | CASH FLOW FROM FINANCING ACTIVITIES | |||||
| Proceeds from Term Borrowings (Net) | 23194.49 | (3,710.84) | ||||
| Financial Charges Paid | (7,345.37) | (4,626.27) | ||||
| Dividends paid | (2,172.95) | (1,965.24) | ||||
| Proceeds from Preferential Issue of Equity Shares | 6266.50 | - | ||||
| Net cash generated/(used) in financing activities | 19,942.67 | (10,302.35) | ||||
| Net increase/(decrease) in cash equivalents | 7,557.14 | (3,399.27) | ||||
| Cash and cash equivalents as at 1st April , | 3874.45 | 7,273.72 | ||||
| Cash and cash equivalents as at close of 31st March, | 11431.59 | 3,874.45 |
For and on behalf of the Board
Milan Mahendra Mehta
Milan Mahendra
Digitally signed by
Milan Mahendra Mehta
Date: 2026.05.23
13:51:58 +05'30'
Milan M. Mehta
Chairman & Managing Director
(DIN: 00003624)
Mumbai, Dated : 23rd May,2026
PRECISION
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: [email protected]
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
$23^{\mathrm{rd}}$ May, 2026
| BSE Limited (BSE)
Corporate Relationship Department, 1^{st} Floor, New Trading Ring, Rotunda Building,
P.J.Towers, Dalal Street, Fort, Mumbai-400 001
Company Code: 523539 | The Manager,
Listing Department
National Stock Exchange of India Limited (NSE)
‘Exchange Plaza’, C-1, Block G,Bandra - Kurla Complex, Bandra (E), Mumbai – 400 051.
Symbol: PRECWIRE |
| --- | --- |
Dear Sir/Madam,
Sub: Declaration pursuant to Regulation 33(3) (d) of the Securities & Exchange Board of India (Listing Obligation and Disclosure Requirements) (Amendment) Regulations,
Ref: SEBI Circular No. CIR/CFD/CMD/56/2016 dated 27th May, 2016
In Compliance with Regulation 33(3) (d) of LODR as amended by the SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016 we hereby declare that, Statutory Auditors of our Company M/s, Shalin Divatia & Co., Chartered Accountants (Membership No.039755) have issued an Audit Report with unmodified opinion on Audited Financial Results for the Quarter and year ended 31st March, 2026.
You are requested to take the same on record & oblige.
Yours Sincerely,
For Precision Wires India Limited
S. R. DIVATIA & CO.
CHARTERED ACCOUNTANTS
Auditor's Report on Quarterly Financial Results and Year to Date Results of Precision Wires India Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
To,
The Board of Directors of Precision Wires India Limited
Opinion
We have audited the accompanying statement of financial results of PRECISION WIRES INDIA LIMITED ('the Company') for the quarter ended 31st March 2026 and the year-to-date results for the period from 1st April, 2025 to 31st March, 2026 attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations').
In our opinion and to the best of our information and according to the explanation given to me, the annual financial results :
a) Includes the standalone financial results of the company,
b) is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended; and
c) gives a true and fair view in conformity with the recognition and measurement principles laid down in the application Ind AS, and other accounting principles generally accepted in India, of the profit and other comprehensive income and other financial information of the Company for the year ended 31st March, 2026.
Basis for Opinion
We conducted the audit of the standalone financial statements in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Annual Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to the audit of the standalone financial statements under the
219-221, Avon Arcade, D.J.Road, Near Rly. Station, Vile Parle (W), Mumbai-400056.
Tel: +91 22 40126406 ■ E-mail: [email protected]
S. R. DIVATIA & CO.
CHARTERED ACCOUNTANTS
provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence we have obtained are sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.
Management's and Board of Director's Responsibilities for the Standalone Annual Financial Results
The standalone financial statement have been prepared on the basis of the annual financial statement. The Company's Board of Directors are responsible for the preparation and presentation of the financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information of the Company in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with the relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone annual financial results, the Board of Directors of the Company is responsible for assessing the ability of the Company to continue as a going concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors of the Company is also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objective is to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error,
219-221, Avon Arcade, D.J.Road, Near Rly. Station, Vile Parle (W), Mumbai-400056. Tel: +91 22 40126406 ■ E-mail: [email protected]
S. R. DIVATIA & CO.
CHARTERED ACCOUNTANTS
and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the statement.
As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also :
-
Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, We am also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as the going concern. If we conclude that the material uncertainty exists, We am required to draw the attention in our auditors’ report to the related disclosures in the statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
219-221, Avon Arcade, D.J.Road, Near Rly. Station, Vile Parle (W), Mumbai-400056.
Tel : +91 22 40126406 ■ E- mail : [email protected]
S. R. DIVATIA & CO.
CHARTERED ACCOUNTANTS
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Standalone annual financial results include the results for the quarter ended 31st March, 2026 being the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter to the current financial year which were subject to limited review by us.
Our opinion on the Statement is not modified in respect of the above matter.
For S R Divatia and Co.
Chartered Accountants
Firm Regn No. 102646W
Shalin
Sunandan
Divatia
Digitally signed by
Shalin Sunandan Divatia
Date: 2026.05.23
13:38:10 +05'30'
Shalin S Divatia
Partner
Membership no. 039755
Place: Mumbai
Date: 23rd May, 2026
UDIN: 26039755PGMBSP4105
219-221, Avon Arcade, D.J.Road, Near Rly. Station, Vile Parle (W), Mumbai-400056.
Tel: +91 22 40126406 ■ E-mail: [email protected]
RELATED PARTY TRANSACTION DATA FROM 01/10/2025 TO 31/03/2026
| Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sr.No. | Details of the party (listed entity /subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction (see Note 5) | Value of the related party transaction as approved by the audit committee (see Note 6a) | Value of transaction during the reporting period (Rs. In lakhs) | In case monies are due to either party as a result of the transaction (see Note 1) | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | ||||||||
| Name | Name | Relationship of the counterparty with the listed entity or its subsidiary | Opening Balance | Closing Balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Cost (see Note 7) | Tenure | Nature (loan/ advance / inter-corporate deposit/ investment | Interest Rates | Tenure | Secur e/Unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (end-usage) | ||||
| 1 | Precision Wires India Ltd | Shri. Mahendra R. Mehta | Chairman Emeritus | Remuneration* | Audit Committee Approval Obtained in the meeting dated 18.05.2024 whereever applicable and Required | 6.14 | ||||||||||
| 2 | Precision Wires India Ltd | Shri. Milan M. Mehta | Chairman, Managing Director and Promoter | Remuneration* | Audit Committee Approval Obtained in the meeting dated 12.02.2024 whereever applicable and Required | 143.6 | ||||||||||
| 3 | Precision Wires India Ltd | Shri Deepak M. Mehta | Vice Chairman & Whole Time Director and Promotor | Remuneration* | Audit Committee Approval Obtained in the meeting dated 11.06.2024 whereever applicable and Required | 43.59 | ||||||||||
| 4 | Precision Wires India Ltd | Shri. Nirbhay Mehta | Senior Vice President and Promoter | Remuneration* | Audit Committee Approval Obtained in the meeting dated 11.06.2024 whereever applicable and Required | 32.59 |
Deepika
Rohit Pandey
Digitally signed by Deepika Rohit Pandey
Date: 2026.05.23
13:58:02 +05'30'
| 5 | Precision Wires India Ltd | Shri. Arjun Mehta | Vice President and Promoter | Remuneration* | Audit Committee Approval Obtained in the meeting dated 11.04.2024 wherever applicable and Required | 24.35 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | Precision Wires India Ltd | Shri Mohandas Pai | Chief Financial Officer | Remuneration | 14.95 | ||||||||||
| 7 | Precision Wires India Ltd | Smt Deepika Rohit Pandey | Company Secretary | Remuneration | 9.37 | ||||||||||
| 8 | Precision Wires India Ltd | Shri Sanjay Singhvi | Executive Director | Remuneration | Audit Committee Approval Obtained in the meeting dated 10.08.2024 wherever applicable and Required | 56.13 | |||||||||
| 9 | Precision Wires India Ltd | Smt Asha Morley | Independent Director | Directors Sitting Fees | 0.53 | ||||||||||
| 10 | Precision Wires India Ltd | Shri Niraj Bhukhanwala | Independent Director | Directors Sitting Fees | 0.96 | ||||||||||
| 11 | Precision Wires India Ltd | Mr. Manoj Lekhrajani | Independent Director | Director Sitting fees | 0.89 | ||||||||||
| 12 | Precision Wires India Ltd | Mr. Mahendra R. Mehta | Chairman, Managing Director and Promoter | Dividend Expenses | - | ||||||||||
| 13 | Precision Wires India Ltd | Shri Milan Mehta | Promoter | Rent | Audit Committee Approval Obtained in the meeting dated 12.02.2025 wherever applicable and Required | 14.85 | |||||||||
| 14 | Precision Wires India Ltd | Shri Deepak Mehta | Promoter | Rent | Audit Committee Approval Obtained in the meeting dated 12.02.2025 wherever applicable and Required | 9.51 | |||||||||
| 15 | Precision Wires India Ltd | Smt. Sujata D Mehta | Promoter | Rent | Audit Committee Approval Obtained in the meeting dated 12.02.2025 wherever applicable and Required | 3.93 |
Deepika
Rohit Pandey
Digitally signed by
Deepika Rohit Pandey
Date: 2026.05.23 13:58:40
+05'30'
Page 3
| 16 | Precision Wires India Ltd | Deepak M Mehta HUF | Promoter | Rent | Audit Committee Approval Obtained in the meeting dated 12.02.2025 wherever applicable and Required | 4.37 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 17 | Precision Wires India Ltd | Milan M. Mehta HUF | Promoter | Rent | Audit Committee Approval Obtained in the meeting dated 12.02.2025 wherever applicable and Required | 1.44 | |||||||||
| Notes: | |||||||||||||||
| 1 | The details in this format are required to be provided for all transactions undertaken during the reporting period. However, opening and closing balances, including commitments, to be disclosed for existing related party transactions even if there is no new related party transaction during the reporting period. | ||||||||||||||
| 2 | Where a transaction is undertaken between members of the consolidated entity (between the listed entity and its subsidiary or between subsidiaries), it may be reported once. | ||||||||||||||
| 3 | Listed banks shall not be required to provide the disclosures with respect to related party transactions involving loans, inter-corporate deposits, advances or investments made or given by the listed banks. | ||||||||||||||
| 4 | For companies with financial year ending March 31, this information has to be provided for six months ended September 30 and six months ended March 31. Companies with financial years ending in other months, the six | ||||||||||||||
| 5 | Each type of related party transaction (for e.g. sale of goods/services, purchase of goods/services or whether it involves a loan, inter-corporate deposit, advance or investment) with a single party shall be disclosed separately and there should be no clubbing or netting of transactions of same type. However, transactions with the same counterparty of the same type may be aggregated for the reporting period. For instance, sale transactions with the same party may be aggregated for the reporting period and purchase transactions may also be disclosed in a similar manner. There should be no netting off for sale and purchase transactions. Similarly, loans advanced to and received from the same counterparty should be disclosed separately, without any netting off | ||||||||||||||
| 6 | In case of a multi-year related party transaction: a. The aggregate value of such related party transaction as approved by the audit committee shall be disclosed in the column “Value of the related party transaction as approved by |
Deepika Rohit Pandey
Digitally signed by Deepika Rohit Pandey
Date: 2026.05.23
13:58:59 +05'30'