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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Precision Wires India Ltd

Precision Wires India Ltd Correction of Board Meeting Outcome Errors

BOARD ● No Immediate Change LOW RISK
📅 Filed on BSE: 06 Nov 2026, 03:41 PM IST  ·  BSE ID: a66fd05c-42e6-4422-8ec0-48a22d5b25a3
View Original BSE Filing (PDF)
💡
In Simple Terms
Precision Wires corrected previous financial numbers and clarified a bank loan amount, ensuring accurate reporting.
🤖 AI Summary
  • Precision Wires corrected figures for trade payables and borrowings as of March 31, 2026.
  • Trade payables adjusted to Rs. 1,08,113.22; borrowings to Rs. 13,112.27.
  • Clarified an additional secured working capital facility of Rs. 75.00 Crores.
  • Facility is from Kotak Mahindra Bank Limited.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Trade Payables (as of March 31, 2026)
Rs. 1,08,113.22
Borrowings (as of March 31, 2026)
Rs. 13,112.27
Additional Secured Working Capital Facility
Rs. 75.00 Crores
🏢 How This Affects the Company
💰
Financial Impact
The corrections clarify the company's liabilities and short-term financing arrangements as of March 31, 2026, providing a more accurate financial snapshot.
⚠️
Risk Impact
Clerical errors were identified and corrected, reducing the risk of misinterpretation of the company's financial position.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders. The filing is a clarification of previously submitted information.
👤
Who Is Affected
All shareholders are affected by the accurate disclosure of the company's financial liabilities and financing arrangements.
🔍
Management Signal
Management demonstrates diligence in correcting reporting errors and ensuring transparency in financial disclosures.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Future quarterly results for updated liability figures.
Company announcements regarding the utilization of the working capital facility.
Annual report for comprehensive financial disclosures.
LOW RISK The filing corrects clerical errors, enhancing reporting accuracy, and confirms a working capital facility.
💡 Investor Takeaway
Precision Wires India Ltd corrected its March 31, 2026, liabilities (Trade Payables: Rs. 1,08,113.22, Borrowings: Rs. 13,112.27) and confirmed a Rs. 75.00 Crores working capital facility.
⚖️ Strengths & Concerns

✅ Positives

  • Accurate financial reporting maintained through prompt correction of clerical errors.
  • Secured working capital facility of Rs. 75.00 Crores from Kotak Mahindra Bank confirmed.
📅 Company Track Record
Precision Wires India Ltd previously announced the start of commercial production of Copper Rod at Valvada in March 2026, indicating capacity expansion efforts.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What figures did Precision Wires India Ltd correct in its Assets and Liabilities Statement?
Precision Wires corrected Trade Payables to Rs. 1,08,113.22 and Borrowings to Rs. 13,112.27 for the year ended March 31, 2026.
What was the additional secured working capital facility confirmed by Precision Wires India Ltd?
The company confirmed an additional secured working capital facility of Rs. 75.00 Crores from Kotak Mahindra Bank Limited.
When were the corrected figures for Trade Payables and Borrowings applicable?
The corrected figures for Trade Payables and Borrowings are applicable for the year ended March 31, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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