Precision Wires India logo

Precision Wires India MD, chairman, board of directors and AGM

NSE: PRECWIREBSE: 523539Industrial ProductsSmall Cap

Last close ₹401.65up ₹5.30 (1.34%)BSE ₹400.60

Share price at the NSE close on 23 Oct 2026. Previous close ₹396.35.

52-week range of traded prices to 23 Oct 2026
₹199.70Low, 24 Oct 2025₹524.90High, 31 Aug 2026
Market cap
₹7,342 Cr716th largest listed
P/E
42.0
P/B
9.5
Dividend yield
0.31%
ROE
25.9%
ROCE
27.3%
Debt to equity
0.21
Volume, NSE
8,76,87338.6% delivered

Precision Wires India board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorMilan M MehtaRelated to the promoter
  • Company Secretary and Compliance OfficerDeepika Pandey

6 directors3 independent3 executive

  • Milan M Mehta · Chairperson and managing directorExecutive · joined Nov 1989 · reappointed Apr 2024 · 36 months as independent · 1 listed board · 2 committee seats
  • Deepak M MehtaExecutive · joined Nov 1989 · reappointed Aug 2022 · 36 months as independent · 1 listed board · 1 committee seat
  • Niraj BhukhanwalaIndependent · joined May 2022 · reappointed Sep 2022 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Asha MorleyIndependent · joined Jun 2023 · reappointed Jun 2026 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Manoj LekhrajaniIndependent · joined Mar 2024 · reappointed Apr 2024 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Sanjay SinghviExecutive · joined Aug 2024 · reappointed Sep 2024 · 36 months as independent · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 Sep 20266 of 6 present3 independent · 45 days in between
    • 10 Aug 20266 of 6 present3 independent · 78 days in between
    • 23 May 20266 of 6 present3 independent

  • Audit Committee

    Chair Niraj Bhukhanwala

    Manoj Lekhrajani, Milan M Mehta, Asha Morley

    • 10 Aug 20263 of 3 present2 independent · 78 days in between
    • 23 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Niraj Bhukhanwala

    Asha Morley, Milan M Mehta, Manoj Lekhrajani

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Manoj Lekhrajani

    Milan M Mehta, Deepak M Mehta

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Milan M Mehta

    Deepak M Mehta, Niraj Bhukhanwala, Sanjay Singhvi

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Milan M Mehta

    Niraj Bhukhanwala, Deepak M Mehta

    • 10 Aug 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S.R. Divatia & Co.,Peer-review certificate valid to Aug 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Precision Wires India AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Precision Wires India dividend history

Extraordinary general meeting, 5 Sep 2026

67,243 shareholders on the register on 31 Aug 2026; present: 9 promoters and 72 others; votes counted by S K Dwivedi & Associates / CS Shailendra Dwivedi.The company's voting result (opens in a new tab)

  1. To Consider and Approve Issuance of Compulsory Convertible Debentures (CCDs) on Preferential basis.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 68.56% · promoters 100.00% · institutions 36.54% · other public 26.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 10 Aug 2026, 6 resolutions

67,461 shareholders on the register on 4 Aug 2026; present: 9 promoters and 80 others; votes counted by Ragini Chokshi / M/s Ragini Chokshi & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement for the Financial Year ended 31st March, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.54% · promoters 100.00% · institutions 39.49% · other public 38.98%

  2. Declaration of Dividend for the Financial year 2025-2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.54% · promoters 100.00% · institutions 39.49% · other public 38.98%

  3. Re-Appointment of Shri Milan Mahendra Mehta (Din: 00003624), as a director liable to retire by rotation.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.54% · promoters 100.00% · institutions 39.49% · other public 38.98%

  4. Approve Change in the main objects Clause of the Memorandum of Association.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.54% · promoters 100.00% · institutions 39.49% · other public 38.98%

  5. Approve change in the Articles of Association of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.54% · promoters 100.00% · institutions 39.49% · other public 38.98%

  6. Ratification of Remuneration to the Cost Auditor of the Company for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 73.54% · promoters 100.00% · institutions 39.49% · other public 38.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Mar 2026, 4 resolutions

62,833 shareholders on the register on 13 Feb 2026; votes counted by M/s Ragini Chokshi & Co., / Ragini.The company's voting result (opens in a new tab)

  1. Re-Appointment of Mrs. Asha Morley (Din: 02012799) as A Non-Executive Independent Director of the Company
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 68.50% · promoters 93.61% · institutions 26.45% · other public 36.01%

  2. Re-Appointment of Shri Arjun Milan Mehta to an Office or Place of Profit as a ‘Senior Vice President’ for a Period of Three Years
    SpecialPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 15.50% · promoters 0.00% · institutions 26.45% · other public 36.01%

  3. Revision in Borrowing Powers of the Company pursuant to Section 180 (1) ©
    Special
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 74.33% · other public 0.17%

    Turnout: all 68.50% · promoters 93.61% · institutions 26.45% · other public 36.01%

  4. Creation of Mortgage/Charge on the Assets Pursuant to Section 180 (1) (A)
    Special
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 74.33% · other public 0.17%

    Turnout: all 68.50% · promoters 93.61% · institutions 26.45% · other public 36.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 9 Aug 2025, 7 resolutions

59,024 shareholders on the register on 2 Aug 2025; present: 9 promoters and 79 others; votes counted by Ragini Chokshi / Ragini Chokshi & Co.,.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement for the Financial Year ended 31 March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.37% · promoters 93.61% · institutions 38.10% · other public 33.53%

  2. Declaration of Final Dividend for the Financial Year 2024-2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.37% · promoters 93.61% · institutions 38.10% · other public 33.53%

  3. Re-Appointment of Shri Deepak M. Mehta (DIN: 00003646), as a Director liable to retire by rotation.
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 2.71% · other public 0.00%

    Turnout: all 14.14% · promoters 0.00% · institutions 38.10% · other public 33.53%

  4. Appointment of Secretarial Auditor for a period of five years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.37% · promoters 93.61% · institutions 38.10% · other public 33.53%

  5. Ratification of Remuneration to the Cost Auditor of the Company for the Financial Year 2025-2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.37% · promoters 93.61% · institutions 38.10% · other public 33.53%

  6. Revision in Borrowing Powers of the Company.
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 93.24% · other public 0.04%

    Turnout: all 68.37% · promoters 93.61% · institutions 38.10% · other public 33.53%

  7. Creation of mortgage or charge on the assets
    Special
    99.59% for0.41% against

    Against: promoters 0.00% · institutions 93.24% · other public 0.04%

    Turnout: all 68.37% · promoters 93.61% · institutions 38.10% · other public 33.53%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 17 Jun 2025, 7 resolutions

61,126 shareholders on the register on 10 Jun 2025; present: 9 promoters and 42 others; votes counted by Ragini Chokshi / Ragini Chokshi & Co.,.The company's voting result (opens in a new tab)

  1. To create, offer, issue and allot fresh Equity Shares on Preferential basis to Non-Promoter(s)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 68.72% · promoters 100.00% · institutions 38.74% · other public 25.46%

  2. To create, offer, issue and allot Convertible Warrants on Preferential basis to Non-Promoter(s)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 68.72% · promoters 100.00% · institutions 38.74% · other public 25.46%

  3. Re-Appoint Shri Deepak Mahendra Mehta, as Vice Chairman and Whole Time Director of the Company and Approval for Payment of Remuneration
    SpecialPromoters have an interest in it
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 10.94% · promoters 0.00% · institutions 38.74% · other public 25.83%

  4. Re-appointment of Shri Nirbhay D. Mehta, as a President of the Company and Approval of Remuneration
    SpecialPromoters have an interest in it
    98.51% for1.49% against

    Against: promoters 0.00% · institutions 64.24% · other public 0.11%

    Turnout: all 10.94% · promoters 0.00% · institutions 38.74% · other public 25.83%

  5. Approve Revision in the Remuneration of Shri Milan Mahendra Mehta, Chairman and Managing Director of the Company
    SpecialPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 10.94% · promoters 0.00% · institutions 38.74% · other public 25.83%

  6. To Increase overall Managerial Remuneration payable from 11 percentage to 15 percentage of the Net Profits of the Company
    SpecialPromoters have an interest in it
    97.81% for2.19% against

    Against: promoters 0.00% · institutions 95.49% · other public 0.13%

    Turnout: all 10.94% · promoters 0.00% · institutions 38.74% · other public 25.83%

  7. Approve payment of Remuneration to Executive Directors who are part of Promoter or Promoter Group exceeding 5 percentage of net profits
    SpecialPromoters have an interest in it
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 10.94% · promoters 0.00% · institutions 38.74% · other public 25.82%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2024, 8 resolutions

Present: 10 promoters and 59 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement for the Financial Year ended 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.16% · promoters 100.00% · institutions 47.35% · other public 31.33%

  2. Declaration of Dividend for the Financial Year ended 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.16% · promoters 100.00% · institutions 47.35% · other public 31.33%

  3. Appointment of Shri. Milan Mahendra Mehta (DIN: 00003624), as a Director liable to retire by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 3.79% · other public 0.00%

    Turnout: all 71.16% · promoters 100.00% · institutions 47.35% · other public 31.33%

  4. To Amend the Articles of Association by Insertion of a Clause- ¿Appointment of Chairman Emeritus¿
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 71.16% · promoters 100.00% · institutions 47.35% · other public 31.33%

  5. Appointment of Shri Mahendra Ratilal Mehta as ¿Chairman Emeritus¿
    SpecialPromoters have an interest in it
    98.95% for1.05% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.00%

    Turnout: all 13.23% · promoters 0.00% · institutions 47.35% · other public 31.33%

  6. Re-designate Shri Milan Mahendra Mehta, Vice Chairman & Managing Director, as a Chairman & Managing Director with effect from 01st October, 2024
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 13.23% · promoters 0.00% · institutions 47.35% · other public 31.33%

  7. Re-designate Shri Deepak Mahendra Mehta, Whole Time Director, as Vice Chairman & Whole Time Director of the Company with effect from 01st October, 2024
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 13.23% · promoters 0.00% · institutions 47.35% · other public 31.33%

  8. Ratification of Remuneration to the Cost Auditor of the Company for the Financial Year ending 31st March, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 71.16% · promoters 100.00% · institutions 47.35% · other public 31.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Sep 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Shri Sanjay Singhvi (DIN: 07851612) as an Executive Director of thenCompany
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.04%

    Turnout: all 63.02% · promoters 100.00% · institutions 26.45% · other public 11.92%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Apr 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Shri Manoj Lekhrajani (DIN: 02012312) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.73% · promoters 100.00% · institutions 27.24% · other public 20.88%

  2. Re-appointment of Shri Milan Mahendra Mehta (DIN: 00003624) as the Vice Chairman and Managing Director of the Company and to fix remuneration thereof
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 8.80% · promoters 0.00% · institutions 27.24% · other public 20.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyGST Department, GujaratSince 18 Sep 2026

    DISCREPANCIES in GST Audit

    Difference in figure and stated to pay Rs.53208/-

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesJul 2025–Capital Expenditure, New, Future and ongoing expansion/modernization Projects Including Long Term Business Investments––NoAudit committee: The utilisation of the funds have not Started yet
Preferential IssuesJul 2025–Working Capital and General Corporate Purpose––NoAudit committee: The utilisation of the funds have not Started yet
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.