Poojawestern Metaliks Limited reported a consolidated net profit of ₹41.94 lakh for the quarter ended June 30, 2026, marking a return to profitability from a net loss of ₹22.54 lakh in the previous quarter. The turnaround was driven by improved operational margins despite a 26.7% quarter-on-quarter decline in consolidated revenue from operations to ₹1,655.07 lakh. Standalone results showed a net profit of ₹18.93 lakh, compared to a loss of ₹52.84 lakh in the prior quarter, with standalone revenue dropping 5.7% to ₹1,258.60 lakh.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on August 06, 2026, in Jamnagar. The results were reviewed by the Audit Committee and submitted to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors D G M S & Co., Chartered Accountants, issued a limited review report on the financial statements, confirming compliance with Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34).

Consolidated revenue from operations stood at ₹1,655.07 lakh in Q1FY26, down from ₹2,258.50 lakh in Q4FY25. Total income, including other income of ₹6.24 lakh, amounted to ₹1,661.31 lakh. Total expenses were ₹1,610.46 lakh, comprising cost of materials consumed at ₹1,425.39 lakh and employee benefit expenses of ₹40.34 lakh. Finance costs increased to ₹44.73 lakh from ₹28.52 lakh in the previous quarter. The company recorded a profit before tax of ₹50.85 lakh, against a loss before tax of ₹24.79 lakh in Q4FY25.

On a standalone basis, revenue from operations was ₹1,258.60 lakh, compared to ₹1,334.68 lakh in the prior quarter. Total expenses were ₹1,235.04 lakh, with cost of materials consumed at ₹1,095.68 lakh. Standalone profit before tax was ₹23.56 lakh, reversing a loss of ₹59.61 lakh in Q4FY25. After accounting for current tax of ₹6.36 lakh and deferred tax asset of ₹1.73 lakh, the standalone net profit reached ₹18.93 lakh. Basic earnings per share (EPS) for the consolidated entity were ₹0.41, up from a diluted EPS of (₹0.22) in the previous quarter.

The company operates through two wholly-owned subsidiaries: Sierra Metal Industries Private Limited (formerly Sierra Automation Private Limited) and Brasscraft Engineering Private Limited. Sierra Metal Industries manufactures and exports brass plumbing fittings and sanitary parts globally, while Brasscraft Engineering has not yet commenced operations. The company has a single reportable business segment under Ind AS 108. Paid-up equity share capital remained unchanged at ₹1,014.20 lakh.

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.