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Precision Wires India Limited’s Rs 150 crore CCD proceeds remain unutilized, report shows
06-Nov-2026, 04:45

Precision Wires India Limited submitted a monitoring agency report for the quarter ended September 30, 2026, concerning the utilization of proceeds from a preferential issue of compulsory convertible debentures (CCDs) amounting to Rs 150 crore. CARE Ratings Limited, the monitoring agency, reported that the entire amount remains unutilized and is parked in the preferential issue account, as confirmed by a chartered accountant certificate dated October 13, 2026. The report, submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), also noted that no deviations from the objects or purposes for which the funds were raised have occurred.