Poojawestern Metaliks Limited has scheduled a board meeting on July 16, 2026, to consider raising funds through the issuance of equity shares, warrants, or other instruments. The meeting will also evaluate converting loans extended by the promoter group into equity shares, subject to necessary approvals. These measures aim to bolster the company's capital structure and support its financial requirements.

The board will discuss proposals for raising funds via preferential issue, private placements, rights issue, or a combination of these methods. The issuance will comply with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Additionally, the conversion of promoter loans into equity shares will require shareholder consent and other statutory approvals.

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons and their immediate relatives has been closed since July 1, 2026. This closure will remain in effect until 48 hours after the declaration of financial results for the quarter ended June 30, 2026.

The meeting agenda includes transacting any other business deemed necessary by the chair with the board's permission. The company has informed BSE Limited regarding the scheduled meeting and the agenda items.

Promoter Bina Anil Panchmatiya sold 40,000 equity shares of Poojawestern Metaliks Limited on June 11, 2026, reducing her stake in the company. The transaction was executed through a market sale, as disclosed in a filing submitted to BSE Limited on June 15, 2026. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Following the disposal, Panchmatiya's holding in the company decreased from 11.28% to 10.88% of the total voting capital. The shares sold represented 0.39% of the company's total share capital. The total paid-up equity share capital of the company remains ₹ 10,14,20,000, divided into 1,01,42,000 equity shares of ₹10 each.

The promoter group, which includes Persons Acting in Concert (PAC), collectively holds 60.43% of the total share capital post-transaction. Key members of the promoter group include Sunil Devram Panchmatiya, Anil Devram Panchmatiya, and Priti Sunil Panchmatiya. The total diluted share/voting capital of the company remains unchanged at ₹ 10,14,20,000.

Shareholding Details

The table below outlines the changes in the shareholding of the promoter group following the transaction:

The filing confirmed that no other changes occurred in the shareholding pattern of the promoter group or in the encumbrance status of the shares. The transaction was settled in the open market, and the company has updated its records with the exchange to reflect the change.