SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Precision Wires India informs about allotment of bonus equity shares

24 Dec 2022 Evaluate

In furtherance to communication dated 19th December, 2022, Precision Wires India has informed that the Board of Directors of the Company at its meeting held on 23rd December, 2022 has allotted 5,78,18,115 equity shares of each as fully-paid up bonus equity shares, in the ratio of One equity share for every two equity shares, to eligible Members whose names appear in the register of Members/list of beneficial owners as on 22nd December, 2022, being the record date fixed for this purpose. The company once again request stakeholder to only refer this letter in relation to allotment of Bonus Shares. Consequently, the paid-up equity share capital of the Company stands increased from Rs 115636230 to Rs 17,34,54,345 by increase and addition of 5,78,18,115 equity Shares of Rs 1 each fully paid up. As part of the aforesaid allotment, the bonus equity shares representing fractional entitlement(s) of eligible Members will be consolidated and allotted to the trustee appointed by the Board. The trustee will sell such equity shares at the prevailing market rate as soon as possible and distribute the net sale proceeds, after adjusting the cost and expenses in respect thereof, among the eligible Members in proportion to their respective fractional entitlements. The meeting started on 12.30 pm and ended on 01.00 pm.

The above information is a part of company’s filings submitted to BSE.


Precision Wire India Share Price

347.50 6.20 (1.82%)
15-Apr-2026 10:40 View Price Chart
Peers
Company Name CMP
Polycab India 7755.70
KEI Industries 4559.00
RR Kabel Ltd. 1393.05
Finolex Cables 865.55
Precision Wire India 347.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×