News ArticlePrecision Wires India Declares Rs. 0.35 Interim Dividend and Secures Rs. 210 Crores Working Capital Facilities
Company approves Power Purchase Agreement for renewable energy with investment up to Rs. 5 Crores for Q2 2026 period
Precision Wires India Limited announced an interim dividend of 35% on its equity shares for the quarter ended 30th September 2026. The company also secured additional secured working capital facilities totaling Rs. 210 Crores from HDFC Bank and Kotak Mahindra Bank and signed a Power Purchase Agreement for renewable energy with a capex of up to Rs. 5 Crores.
Precision Wires India Limited
Corporate Action
Precision Wires India Limited approved a 35% interim dividend on its fully paid equity shares and secured additional working capital loans amounting to Rs. 210 Crores during the board meeting held on 6th November 2026 for the quarter ended 30th September 2026.
The board approved the unaudited financial results for the quarter and half year ending 30th September 2026, along with the interim dividend of Rs. 0.35 per equity share of Rs. 1 each, payable on or before 6th December 2026.
The interim dividend will be paid to shareholders registered as of the record date fixed on 13th November 2026.
To support working capital needs, the company secured Rs. 135 Crores of additional secured working capital facility from HDFC Bank Limited and Rs. 75 Crores from Kotak Mahindra Bank Limited. These lenders will hold pari passu security rights.
Additionally, the company entered into a Power Purchase Agreement for renewable energy under the group captive consumption model, involving an aggregate investment of up to Rs. 5 Crores.
Highlights
- Interim dividend of 35% (Rs. 0.35 per share) declared for the quarter ended 30th September 2026.
- Dividend payable to shareholders as of 13th November 2026, by 6th December 2026.
- Additional secured working capital facilities of Rs. 135 Crores from HDFC Bank and Rs. 75 Crores from Kotak Mahindra Bank approved.
- Lenders will rank pari passu with respect to security interests.
- Power Purchase Agreement signed for renewable energy with investment up to Rs. 5 Crores.
- Unaudited financial results and statutory auditor report approved and reviewed by the Audit Committee.
Key Data Snapshot
What happened
- Precision Wires India Limited’s board approved unaudited financial results for Q2 and half year ended 30th September 2026.
- An interim dividend of 35% (Rs. 0.35/share) was declared payable by 6th December 2026.
- The record date for dividend payment was fixed as 13th November 2026.
- Additional secured working capital facilities totaling Rs. 210 Crores were sanctioned by HDFC Bank and Kotak Mahindra Bank.
- The lenders will share an equal claim (pari passu) on the security for loans.
- A Power Purchase Agreement for renewable energy under group captive consumption was approved with investment up to Rs. 5 Crores.
Key details
- Dividend payment is for fully paid equity shares of Rs. 1 each.
- The working capital facilities are secured loans enhancing the company’s liquidity.
- The renewable energy PPA supports sustainable procurement under a group captive model.
- The financial results were reviewed by the Audit Committee and accompanied by a statutory auditor report.
- Board meeting started at 11:45 AM and concluded at 12:45 PM on 6th November 2026.
Regulatory and governance context
- Dividend declared pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Results and disclosures comply with Indian Accounting Standard 34 for interim reporting.
- The interim dividend declaration and working capital facilities were approved by the Board and Audit Committee.
- Disclosure includes statutory auditor’s limited review report confirming adherence to applicable accounting standards.
Highlights
- Interim dividend of 35% (Rs. 0.35 per share) declared for the quarter ended 30th September 2026.
- Dividend payable to shareholders as of 13th November 2026, by 6th December 2026.
- Additional secured working capital facilities of Rs. 135 Crores from HDFC Bank and Rs. 75 Crores from Kotak Mahindra Bank approved.
- Lenders will rank pari passu with respect to security interests.
- Power Purchase Agreement signed for renewable energy with investment up to Rs. 5 Crores.
- Unaudited financial results and statutory auditor report approved and reviewed by the Audit Committee.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 (Ind AS 34) - Interim Financial Reporting
- Companies Act, 2013
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