Precision Wires India Limited announced that the Company has received an order from Additional Magistrate of Labour Court, Palej, Bharuch, Gujarat. Nature and details of the action: The Company has received an order from Additional Magistrate Labour Court, Bharuch, Gujarat imposing penalty of INR 50,000 in the matter of an accident taken place out of human error at Palej Plant (Gujarat) of the Company. The penalty has been paid by the Company.

Date of receipt of direction or order: May 3, 2024. Details of the violation: Accident taken place due to human error plant.