Precision Wires India Limited announced that the Company has inducted and appointed Mr. Niraj Bhukhanwala, an Independent Director of the Company as Chairman of Audit and Nomination remuneration Committee. He is also inducted as a Member of Risk Management Committee. After his induction below given is revised structure of Committees of the Companies: Audit Committee: Mr. Niraj Bhukhanwala, (Chairman) Non-Executive Independent Director, Mr. Pradip Roy, Non-Executive Independent Director, Mrs. Swati Maheshwari, Non-Executive Independent Director and Mr. Milan Mehta, Managing Director (Non Voting Member).

Nomination and Remuneration Committee: Mr. Niraj Bhukhanwala, (Chairman) Non-Executive Independent Director, Mr. Pradip Roy, Non-Executive Independent Director, Mrs. Swati Maheshwari, Non-Executive Independent Director, Mr. Mahendra R Mehta, Chairman (Non Voting Member). Risk Management Committee: Mr. Milan Mehta, Managing Director, Mr. Deepak Mehta, Whole Time Director, Mr. Niraj Bhukhanwala, Non-Executive Independent Director. Corporate Social Responsibility Committee: Mr. Mahendra Mehta, (Chairman) Managing Director, Mr. Milan Mehta, Whole Time Director, Mr. Niraj Bhukhanwala, Non-Executive Independent Director.