Poojawestern Metaliks Limited has initiated a postal ballot process seeking shareholder approval to raise up to ₹15 crore through a rights issue of partly paid-up equity shares. The company also proposes to convert outstanding unsecured loans from its promoter group into equity subscription money. The remote e-voting period commences on July 18, 2026, and concludes on August 16, 2026.

The proposed rights issue involves issuing partly paid-up equity shares with a face value of ₹10 each. The funds raised, including any securities premium, are intended to meet working capital requirements, adjust outstanding promoter loans, and for general corporate purposes. The Board of Directors will determine the specific terms, including the issue price, rights entitlement ratio, and record date, subject to regulatory approvals.

Shareholders will vote on two special resolutions. The first resolution authorizes the conversion of outstanding unsecured loans amounting to ₹3.8 crore advanced by promoters against the subscription money payable towards the rights issue. The second resolution seeks approval for the issuance of the partly paid-up shares.

The outstanding unsecured loans proposed for conversion include ₹65 lakh from Sunil Devram Panchmatiya, ₹80 lakh from Anil Devram Panchmatiya, ₹90 lakh from Meet Panchmatiya, and ₹1.45 crore from Vivek Sunil Panchmatiya. These adjustments are subject to the approval of the members and compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

M/s. SCS & Co. LLP has been appointed as the scrutinizer to oversee the e-voting process. The results of the postal ballot will be announced on or before August 18, 2026. The notice has been dispatched electronically to shareholders whose email addresses are registered with the Registrar and Share Transfer Agent, Bigshare Services Private Limited, or the depositories. The newspaper advertisement regarding the notice was published in the Financial Express in English and Gujarati on July 18, 2026.

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.