Precision Wires India ltd. — Major Shareholding Notification 2019

Aug 19, 2019

DEEPAK M. MEHTA

MILAN M. MEHTA

To,	T,	To,
BombayStockExchange	NtionalStockExchangeof	PrecisionWiresIndiaLimited
Limited(BSE)	IniaLtd.(NSE)	Saiman House,J.A. Raul Street,
Corporate RelationshipDept.,	E change Plaza,s"Floor, Plot	Off Sayani Road,
1st Floor, RotundaBuilding,	N . CI1, G Block, Bandra Kurla	Prabhadevi,Mumbai- 400025,
P.J.Towers, Dalal Street, Fort,	C mplex, Bandra (E), Mumbai
Mumbai-400001.	4 0051

Dear Sir,

Sub: Disclosure under Regula on 10(5) - Intimation to Stock Exchanges in respect of acquisition under Regulation O(1)(a)(i)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

We, being Director, Shareholder d promoter forming part of the promoter and promoter group, of intend to acquire from oth r promoter by way of 'inter-se' transfer aggregating upto 20,00,000 equity shares ofPrecisi n Wires India Limited.

The proposed transfers are only amongst the existing promoters by way of gift from father Mr. MahendraR Mehta(Donor)who is a promoter.This acquisition is pursuant to inter se transfer of shares amongst qualifying person as specified in Regulation 10 (1)(a)(i)(ii).

The form as prescribed under R gulation I0(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 201 setting out the details of the proposed acquisition of shares of Precision Wires India Limited by ay of inter-se transfer, is attached.

This is for your informationand rec rd. Pleaseacknowledgethe same.

Thanking You,

Milan M Mehta (Donee) Date: 19th August, 2019

Place: Mumbai

Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition underRegulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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1.	Name of the Target Company (TC)			Precision Wires India Limited
2.	Name of the acquirer(s)			1. Deepak M. Mehta (Whole Time Director)(Donee)2. Milan M Mehta ( Vice Chairman and M.D.)( Donee)
				Both 1 & 2 above are Promoter Shareholder)
3.		Whether the acquirer(s) is/ are promoters of the		Yes.
	TC prior to the transaction. If not, nature of relationship orassociation with the TC or its promoters			Acquirer(s) belong to promoter category as well asimmediate Relatives by way of gift.(Both Acquirer(s) are sons of Transferor/ Donor)
4.	Details of the proposed acquisition
	a.	Name of the person(s) from whom shares areto be acquired		Mahendra R. Mehta (Chairman & ManagingDirector) (Promoter Shareholder) (Donor)
	b.	Proposed date of acquisition		On or after 26 th August, 2019
	C.	Number of shares to be adquired from eachperson mentioned in 4(a) above		1. 10,00,000 [ Ten Lakh ] equity shares fromMahendra R. Mehta to Deepak M Mehta.
				2. 10,00,000 [ Ten Lakh ] equity shares fromMahendra R. Mehta to Milan M Mehta
	d.	Total shares to be acquired as % of sharecapital of TC		20,00,000 [ Twenty Lakh)(8.6478%)
	е.	Price at which shares are proposed to beacquired		NilInter-se transfer among Promoter Group betweenRelatives without consideration as gift. [ Gift fromfather]
	f.	Rationale, if any, for the proposed transfer		Inter-se transfer among Promoter Group betweenRelatives without consideration as gift. [Gift fromfather]
5.	Relevant sub-clause of regulation 10(1)(a) underwhich the acquirer is exempted from making open offer			10(1)(a)(i)(ii) of SEBI (SAST) Regulations, 2011.
6.		If, frequently traded, volume weighted averagemarket price for a period of 60 trading days preceding thedate of issuance of this notice as traded on the stockexchange where the maximum volume of trading in theshares of the TC are recorded during such period.		NA
7.		If in-frequently traded, the price as determined interms of clause (e) of sub-regulation (2) of regulation		NA
8.		Declaration by the acquirer, that the acquisitionprice would not be higher by more than 25% of the pricecomputed in point 6 or point 7 as applicable.		NA
9.	Declaration by the acquirer, that the transferorand transferee have complied / will comply with applicabledisclosure requirements in Chapter V of the TakeoverRegulations, 2011 (corresponding provisions of the repealedTakeover Regulations 1997)			Yes, the transferor and transferee have complied(during 3 years prior to the date of proposedacquisition)/will comply with applicable disclosurerequirement in Chapter V of the TakeoverRegulations, 2011.
10.		Declaration by the acquirer that all the conditionsspecified under regulation 10(1)(a) with respect toexemptions has been duly complied with.		We hereby declare that all the conditions specifiedunder regulation 10(1) (a) with respect toexemption has been complied with.

11.		Shareholdingdetails		Beforethe proposedransaction		~fter the proposedransaction
			No. ofsharesIvotingrights	%w.r.ttotal sharecapitalofTC	No. ofsharesIvotingrights	%w.r.ttotal sharecapital ofTC
	a	Acquirer(s)and PACs(othr than sellers)(*)1. Deepak M Mehta2. Milan M Mehta	8381201016446	3.62404.3950	18381202016446	7.94798.7189
	b	SeIIef (s) I Gift by MahendrR. Mehta	2882350	12.4630	882350	3.8152

Note:

(*) Shareholding of each entity may e shown separately and then collectively in a group. The above disclosure shall be signed by the ao~uirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed eiher by all the persons or by a person duly authorized to do so on behalfof all the acquirers.

I

Deepak M Mehta( Donee)

Milan M Mehta (Donee)

Date:19thAugust, 2019

Place:Mumbai