PRECISION WIRES INDIA LIMITED REGD. OFFICE: SAIMAN HOUSE, J. A. RAUL STREET, OFF SAYANI ROAD, PRABHADEVI, MUMBAI - 400 025, INDIA. TEL: +91-22-24376281 FAX: +91-22-24370687 E-MAIL: [email protected]WEB: www.precisionwires.com CIN: L31300MH1989PLC054356 WORKS: PLOT NO. 125/2, AMLI HANUMAN (66 KVA) ROAD, SILVASSA – 396 230, U.T OF D.N.H., INDIA. TEL: +91-260-2642614 FAX: +91-260-264235 Date: 24 th September, 2020 BSE Limited (BSE) Corporate Relationship Department, 1 st Floor, New Trading Ring, Rotunda Building, P.J.Towers, Dalal Street, Fort, Mumbai-400 001 Company Code : 523539 The Manager, Listing Department National Stock Exchange of India Limited (NSE) ‘Exchange Plaza’, C-1, Block G, Bandra - Kurla Complex, Bandra (E), Mumbai – 400 051. Symbol : PRECWIRE Dear Sir/Madam, Sub:- Consolidated Results of Remote e-voting and E-voting at the 31 st Annual General Meeting of members of the Company held on 23 rd September, 2020, pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 44 of the Listing Regulations, please find below consolidated results of remote e- voting and voting by poll at Annual General Meeting of members of the Company held on 23 rd September, 2020: Sr. No. Particulars 1 Date of the AGM 23 rd September, 2020 2 No. of shareholders present in the meeting either in person or through proxy 77 Promoters and Promoter Group 10 Public 67 3 Mode of Meeting Through Video Conference 4 Details of Agenda Annexure-1
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PRECISION WIRES INDIA LIMITED REGD. OFFICE: SAIMAN HOUSE, J. A. RAUL STREET,
OFF SAYANI ROAD, PRABHADEVI, MUMBAI - 400 025, INDIA.
CONSOLIDATED SCRUTINIZER'S REPORT[Pu(suant to Section 108 of the Companies Act, 2013 and the Companies (Management andAdministration) Rules, 2014 read with amendments' made thereto and Regulation 44 of the
SEBI (Listimg ObHg.ations and Disclosure Requirements) Regulations, 2015)]
To,The Chairperson,3pt Annual General Meeting (AGM) of PRECISION WIRES INDIA LIMITED (PWIL) held onWednesday, September 23,2020 at 02.00 p.rn.
Dear Sir,
1. AppointmentasScrutinizer:
I, Ragini Chokshi, Partner of MIs. Ragini Chokshi & Company., a Company Secretary Firm,having its registered office at 34, 5th Floor, Kamer Building, 38, Cawasji Patel Street, Fort,Mumbal 400001, have been appointed as the Scrutinizer by the Board of Directors ofPRECISION WIRES INDIA LIMITED (the "Company") 'for the purpose of scrutinizing {heremote e-voting and voting through etectrontc voting system during the 31s1 Annual GeneralMeeting CAGM') carried out as per the provisions of Section 108 of the Companies Act, 2013(the "Act") read with Rule 20 of the Companies (Management and Administration) Rules,2014 read with amendments made thereto, read with MCA General Circular No. 14/2020dated April 8, 2020, MCA General Circular No. 17/2020 dated April 13, 2020, MCA GeneralCircular No. 20/2020 dated May 5, 2020 and the provisions of Regulation 44 of Securitiesand Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 ('SEBI Listing Regulations') read with SEBI Circular No.SEBI1HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 on the businesses contained in theNotice of the 31st AGM of the Members of the Company, held on Wednesday, September 23,2020 at 02:00 p..m. (1ST) through Video Conferencing facility I Other Audio Visual Means('VC IOAVM')
2. Our ResponsibtlltyThe rnanaqement of the Company Is responsible to ensure the compliance with therequirements of the Act, Rules and notifications and SEBI Listing Regulaticms relating tovoting through electronic means on the businesses set out in the Notice of the 31st AGM ofthe Members of the Company. Our responsibility as a Scrutlnizer is to scrutinize remote evoting and e-votinq conducted during the AGM in a fair and transparent manner and. toascertain requisite majority and is restricted in submitting a Consolidated Sorutinizer's Reporton the voting on the resolutions set out in the Notice, based on the reports generated fromfhe e-VoUnQ system of National Securities Depository Limited ("NSDL"), the authorizedagency to provide remote e-Voting facilities before 'and' durIng fhe. AGM, .engag.ed by theCompany.
3. Dispatch of Notice convening AGMi) Pursuant to General Circulars No. 14/2020, 17/2020 and 20/2020 dated au" April, 2020.
13th April, 2020 and 5th May, 2020 respactively issued by the Mmi.stry of Corporate Affairs,advertisement was published on August 27, 2020 in Murnbai, The Free Press Journal InEnglish language and Mumbai Navshakti, in Marathi language, both tAe newspaper:s havingeleetronic editions specifying all the necessary information prescribed in the rules andcirculars.
ii} The Company hosted the notice of AGM on its website namely WWW.predsiQHwiles.comand uploaded the same an the website of the Stock Exchanges I.e..6S~ Limited and NSELimited at www.bseindia.com and WWW.lilseinaia.com resp.ectively.
iii) The Company completed dispatch of Notice of AGM by E-mail to Member,S on 28th August,2020, who had registered their email addresses with the COlllpanyi Depositories.
4~ Cut-off dateVoting rights were reckoned as on Wednesday, September 16, 2020 being the cut-off date fordedding the entitlements of members fer remote e-voting and e-votinq during the AGM.
5.. Remote a-voting processi) A.gency: The Company had appointed National Securities Depository Limited (4NSDL") as
the agency for providing the platform for remote e-voting and e-vetinq during the AGM.
ii) Remote e-voting period: The Remote e-voting remained open from 09;00 a.m. onSunday, September 20, 2020' and ended on Tuesday, September 22" 2020 at 6:00 p.m.
The votes cast were unbtocked on Wednesday, 23rd September 20.20 after the conclusionof the AGM and was witnessed by two witnesses; WR'O are net in the employment of theCompany. They have signed below in confirmation of the same .
...........ff.!~JName: saraswatt Phadnls
.......~ ..........Name: Pradeep Dhuri
(i) Voted in favour of the resolution:
Type of Voting Number of members Number of votes cast % of total numbervoted by them of valid votes cast
Type of Voting Number of members . Number of votes cast % of total numbervoted by them of valid votes cast
Remote e-Voting 1 2034 0.01e-Voting at the AGM 0 0 0.00Total 1 2.034 0.01
Item No 3: Ordinary Resa,lutianTo appoint a director in place of Shri Mahendra R. Mehta (DIN: 00003558),who retires by rotationand being eligible to offer himself for re-appointment.
(i) Voted in favour of the resolution:
Type of Voting Number of members Number of votes cast % of total numbervoted by them of valid votes cast
Remote e-Votino 89 14554638 99.06e-Voting at the AGM 5 136238 0.93Total 94 14690876 99.99
(ii) Voted against the resolution:
Type of Voting Number of members Number of votes cast % of total numbervoted by them of valid votes cast
Remote e-Voting 3 2094 0.01
e-Voting at the AGM 0 0 0.00Total 3 2094 0.01
iii) Voting at the AG_M: After the time fixed for closing of the e-voting by the Chairman, theelectronic system recording the-e-votinq (e-votes) was locked by NSDL
The e-votes cast were unblocked on We-dnesc;!ay,23rd September, 2Q20 after 15 minutesof conclusion of AGM.
I hereby submit the Consolidated Scrutinizer's Report based on the results of remote evoting and e-voting during the AGM based on the reports downloaded from the e-votinqwebsite of NSDL and relied upon by me as under:
CONSOLIDATED .RESULTS
Item No 1:Ordinary ResolutionTo Receive, Consider and Adopt Audited Financial Statements of the Company for the financialyear ended 3'1Mar.ch 2.020.
(i) Voted in favour of the resolution:
Type of VoUng Number of members Number of votes cast % of tetal numbervoted by them of valid votes cast
Remote e-Voting 91 14557741 99.06~Noting at the AGM 5 136238 0.93Total 96 14693979 g9.99
(li) Voted against the resolution:
Type of Voting Number of members Number of votes cast % of total numbervoted by them of valid votes cast
Remote e-Voting 1 2034 0.01e,-'Lotin9:at the AGM a ; 0 0,00TOlal 1 203'4 0.01
Item No 2: Ordinary ResolutionTo confirm and approve Two Interim Dividends_paid for the financial year ended 31 March 2020.
Item No 4: Special ResolutionTo re-appoint Shri Mahendra R. Mehta (DIN: 00003558) as Chairman and Managing Director ofthe Oompanyfor a term of one year with effect from 1st October, 2020 to 30th September, 2021.
(i) Voted in favour of the resolution:
Type of V'oting Number of members Number of votes cast % of total numbervoted by them of valid votes cast
Remote e-Vetinq 90 145546H8 99.06e-Voting at the AGM 5 136238 0.93Total 95 14690926 99.99
(ii) Voted against the resolution:
Type of Voting Number of members Number of votes cast % of total numbervoted by them of valid votes cast
Remote e-Voting 2 2044 0.01e-Votinq at the AGM 0 0 0.00Total 2 2044 Q.01
Item No 5: Ordinary ResolutionTo ratify remuneration of the Cost Auditor, MIS Gangan and Company (Registration No.100651) of the Company for the Financial Year ending 3pt March, 2021.
(i) Voted in favour of the resolution:
Type of Voting Number of members Number of votes cast % of total numbervoted by them of valid votes
castRemote e-Voting 90 14557441 99.06Voting at the AGM 5 136238 0.93Total 95 14693679 99.99
(ii) Voted against the resolution:
type of Voting Number of members Number of votes east % of total numbervoted by them 'of v.alidvotes
RESULTS:The Electronic Records containing details of the Members, who voted "IN FAVOUR", or "AGAINST"for each resolution under remote e-Voting and e - voting at the AGM has been banded over to theCompany Secretary for safe custody.
The above-mentioneo resolutlons are deemed to be passed witlil requislte .major~iWas on lh.e date ofthe 31s1AGM ofthe Company Le. Wednesday 23rd SeF"ternbe'r,2020..
