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Precision Wires India Ltd. Company History and Annual Growth Details

1989 - The Company was incorporated as a Public Limited Company on the
23rd November, and obtained the Certificate of Commencement of
Business on the 13th December, 1989 from the Registrar of
Companies, Maharashtra, at Bombay.

- The immediate object of the Company is, setting up of a plant to
manufacture enamelled copper winding wires, with an installed
capacity of 3200 tonnes per annum.

- The Company has been promoted by Atlas Wires Limited, Shri
Mahendra R. Mehta, Shri Deepak M. Mehta and Shri Milan M. Mehta.

- Atlas Wires Ltd., is presently engaged in the manufacture of
copper winding wires at Village Palej, District Bharuch

1992 - The Company has installed and commissioned as a stand-by 2 Nos.

- The Company came out with a Public Issue of Equity Shares at par
aggregating to Rs.204 lakhs and the same was over subscribed by
26.61 times.

1995 - The Company has embarked upon the expansion project of 1200 MT
per annum for additional capacity.

1996 - 2,000 Cumulative Redeemable Preference Share of Rs.100.00 each
aggregating to Rs. Two lakhs have been redeemed during the year.

1999 - The Equity Shares of the Company continue to be listed during the
year under review at the Mumbai Stock Exchange, National Stock
Exchange, Ahmedabad Stock Exchange and Delhi Stock Exchange.

2000 - The Company has approved the amalgamation of Atlas Wires India
Ltd (AWL) with the company -1.85 equity shares of Rs. 10 each of
the company will be allotted for one equity share of Rs. 10 each
of AWL held.

2002-Deepak Mehta reappointed as Whole-time Director of Precision Wires India.

-Precision Wires India Ltd has informed BSE that Mr Sathe Subhashchandra, Company Secretary has resigned and his resignation has been accepted w e f July 01, 2002.


-Precision Wires India Ltd has informed that, The Delhi Stock Exchange Association Limited has delisted the equity shares of the Company from their stock exchange w.e.f. December 29, 2003.


-Precision Wires India Ltd. delisting of shares from Ahmedabad Stock Exchange.


-Precision Wires India Ltd has appointed Mr. Roy Jacob as its Company Secretary & Compliance Officer.


- Precision Wires India Ltd has appointed Shri. C. Mohandas Pai as the Chief Financial Officer (CFO) of the Company with immediate effect. Shri. Pai is Chartered Accountant with more than two decades of experience.


-Precision Wires has recommended a Dividend of @ Rs 0.80 per Equity Share of Rs 10/- each


-Precision Wires has recommended a Dividend @ Rs. 4.40 (44%) per equity share of the face value of Rs. 10/- each


-Precision Wires has acquired 14 acres of Industrial Land in Andhra Pradesh, for future expansion.

-Ms. Rajni Lalwani has been appointed as a Company Secretary & Compliance Officer of the Company

-Shri Pradip Roy has been appointed as an additional director of the Company.


-Precision Wires has recommended a Dividend @ Rs. 1.20 (12 %) per equity share of the face value of Rs. 10/- each and Interim Dividend @ Rs.1.80 (18%).