Precision Camshafts Limited

(100% EOU Division)

Works: D-5,D-6,7,7-1,M lD C, Chincholi, Solapur413 255.

,rrcrrto

Sec/AprlSE/N&B/03

Date:

16th

April, 2015

BSE Limited,

The National Stock Exchange of India

Limited

Phiroze leejeebhoy Towers,

Dalal Street, Mumbai - 400001

Exchange Plaza, Bandra kurla Complex,

Bandra (E) Mumbai 400051

Dear Sirs,

Sub: Regulation 30 (Disclosure of Information) - SEBI

LODR( Listing

Obligations and Disctosure Requirements) Regulations 2015.

Please find attached herewith copy of the communication being released to the
Shareholders by I'4r. Yatin Shah, Chairman and Managing Director of the Company
today.
You are kindly requested take the note of the same.

Thanking you,
Yours Truly
For Precision Camshafts Limited

\\

Swapneel Ku r
Company Secretary &
Compliance Officer

phone:+91 217 3295430 131 l32.Fax:+91 217 2357645. e-mail :info@pclindia.in. Website: www.pclindla.in
Regd. Office E-102/103 M.|.D.C., Akkalkot Road, Solapur'4l3 006. clN-U24231PN1992P1C067126

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Precision Camshafts Limited

DzeGrtrox

(100% EOU Division)

lD C, Chincholi, Solapur4l3 255
D-5,D-6,7,7-1,M
Works:

Dote:16'h April,?Ot6
Deor Shoreholder

welcome you fo

the fomily of shoreholders

thonk you for your overwhelming support ot the time of fPO ond trust rePosed by you in
PCL. It will olwoys be our endeovor to meet your expectotions.

thot by now you would have received credit in your bonk occount for the interim
dividend declored by the Boord of Directors in Morch 2016 out of the profits for the yeor
om sure

20t5-16.

The proceeds of the fPO hove been invested in Bonk Fixed Deposits pending the
deployment of funds for the objects for which Public issue wos done.

om hoppy

to shore with you lhe recent developments ot our

compony ond opprise you

of

the opportunities oheod.

As you ore owore, the

first holf of

F'/16 wos on encouroging one with on oll round

improvement in our compony's working. Though the compony continues to enjoy on uptrend
in mony o globol region becouse of its pre-eminent position in the comshofts morket,
disturbonces in Chinese morket ond olso reduced supplies lo General Motors (6M) in Russio
due to politicol reosons did offect the compony's top line growth in the lotter holf.
Nevertheless. despite the setbock in overoll ?evenue growth, the company is hopeful of
mointoining the EBfDTA morgin despite continued sluggish morket conditions in the
outomotive industry, both in Indio and outside.
The situotion in Chino seems to be improving from Morch of 2016 ond the compony is in
touch with GM Russio to oddress the reduced off-take in thot country. While Chino and
Russio hove token the sheen owoy in the recently concluded yeat,we still foresee some
exciting times oheod.

Our compony is poised to procure mojor controcts from globol OEM's for recent
technologies thot it hos introduced - nomely - DUCTILE IRON / HyBRID CAMSHAFTS
ond ASSEMBLED CAMSHAFTS. The compony hos presented some unigue cost odvontoges
to globol OEMs in this process besides ensuring sustoinable supplies over the long run. It is

in the process of estoblishing ENGINEERING CENTERS manned

experts in the US ond Europe to sustoin the growth.

phone : +91 217 3295430 131 I 32.Fax: +9'l 217 2357645

e-mail : info@pclindia.in

with

internotionol

Website : www.pclindia.in

Regd. Ofice E-1021103 M.l.D.C., Akkalkot Road, Solapur-413 006. CIN-U24231PN1992P1C067126

Precision Camshafts Limited

,Ptcrttox

Works : D-5,D-6

(100% EOU Division)

,7 ,7:1 , M I D C, Chincholi, Solapur 413 255.

w
'S

The compony remoins very focused on its strotegy in increosing sale of mochined
comshofts thot strengthens the profitobility. Also, the compony plons to put up o seporote
focility for monufocturing lorger voriety of comshofts thot go into lorge stqtionory
engines besides cotering to the locomotive industry. There is o growing morket for these
speciolized products in rndio ond obrood. The compony olso plons to cdter to fhe two
wheeler morket - o spoce that hos not been tapped till now. Both these segments should
help the compony mitigote risks.

The compony hos formed o speciol teom of experts to pursue oPPortunities with Joponese
OEMs given our breokfhrough with Toyoto ond Suzuki for DUCTfLE fRON comshofts.

Further, os port of the inorgonic drive,lhe compony is octively pursuing on acguisition in

Europe thot will not only odd niche products to the current portfolio but will olso
strengthen the compony's position with customers in Europe ond the U5.
Going forward, the company is oll set lo emetge from o REGfONAL SPECfALIST to o
TRUE GLOBAL PLAyER in the next couple of yeors ond the monogement is leoving no stone
unturned to moke PCLoGLOBAL ENGINEERING COMPANy by ?O20.
Thonk you

for your support ond trust.

Worm regords

Yotin 5 Shoh
Choirmon & Monoging Director
Precision Comshofts Limited
Solopur

Phone : +91 217 3295430 I 31 I 32. Fax : +9'l 217 2357645 . e-mail : info@pcllndia.in . Website : www.pclindia.in
Regd. Office E-102/103 M.|.D.C., Akkalkot Road, Solapur-413 006. clN-U24231PN1992P1C067126