Precision Wires India Limited announced that at its board meeting held on 6 January 2023, approved Mr. Ashwin Kothari, non- executive independent director of the company has tendered his resignation from the board of director of the company, with effect from closure of Business hours due his age and prior commitments, due to Resignation of Mr. Ashwin Kothari, as an Independent Director, he will also cease to be the Chairman of Audit and Nomination remuneration committee. The Board has appointed Mr. Niraj Bhukhanwala, an independent director of the company as chairman of audit and nomination remuneration committee.