Precision Wires India Ltd a pullback 196% one‑year rally.

received in‑principle approval from BSE and NSE on September 11, 2026 for a ₹150 crore preferential issue of 12% Compulsorily Convertible Debentures (CCDs) to two unnamed investors. The EGM on September 5, 2026 approved the allotment of 37.5 lakh CCDs (face value ₹400 each) with 99.999% support, with proceeds earmarked for working capital and capex, including up to ₹10 crore for land acquisition (subject to NA conversion and other approvals). The CCDs carry a 12% coupon, are convertible into equity ranking pari passu with existing shares, and exchanges have mandated tight controls to prevent intra‑day trading by allottees. On the price front, the stock zoomed 20% to a 52‑week high of ₹507.75 on August 28 and has risen about 196% in one year, but today it is down roughly 3.8–4.6% to around ₹441–₹445, with a market cap near ₹8,140–₹8,460 crore.