Pooja Western Metaliks Clarifies Dividend Non-Payment Following Shareholder Rejection

1 min read Updated on 19 Dec 2025, 02:47 PM

Reviewed by

Naman SScanX News Team

Overview

Poojawestern Metaliks Limited has addressed shareholder concerns about not receiving dividends for the financial year ended March 31, 2025. The company clarified that while the Board had recommended a final dividend of ₹1.00 per equity share (10% of face value), the proposal did not receive the required shareholder approval at the Annual General Meeting on September 25, 2025. This was confirmed in the Scrutinizer's Report dated September 29, 2025. The company has committed to addressing shareholder concerns, maintaining transparency, and reviewing future dividend declarations based on profitability, cash flows, business requirements, and shareholder interests.

*this image is generated using AI for illustrative purposes only.

Poojawestern Metaliks Limited has addressed shareholder concerns regarding non-receipt of dividend payments through a formal clarification submitted to BSE Limited on December 19, 2025. The company responded to grievances received from shareholders who expected dividend payments for the financial year ended March 31, 2025.

Board Recommendation and Shareholder Decision

The Board of Directors had initially recommended a final dividend during their meeting held on May 27, 2025. The recommendation details are outlined below:

Parameter	Details
Dividend Amount	₹1.00 per equity share
Face Value	₹10.00 per equity share
Dividend Percentage	10% of face value
Financial Year	Ended March 31, 2025
Approval Required	Shareholder approval at AGM

However, the proposed dividend resolution failed to receive the requisite shareholder approval at the Annual General Meeting held on September 25, 2025. As a result, no dividend was declared or paid to shareholders for the financial year.

Official Confirmation and Documentation

The rejection of the dividend proposal has been officially documented and verified. The Scrutinizer's Report issued by M/s. SCS and Co. LLP dated September 29, 2025, confirms that the resolution pertaining to dividend declaration did not receive the required shareholder approval. This report was duly submitted to the Stock Exchange and made available to the public, ensuring transparency in the process.

Company's Response to Shareholder Concerns

Poojawestern Metaliks Limited has been actively responding to grievances received from shareholders regarding the dividend matter. The company has committed to:

Continue addressing shareholder concerns in a timely manner
Maintain transparency in all communications
Ensure compliance with applicable laws and regulations
Provide appropriate responses to shareholder queries

Future Dividend Policy and Commitment

The Board of Directors has reaffirmed its commitment to long-term shareholder value creation. The company stated that it will continue to review dividend declarations in future years, with decisions based on several key factors:

Consideration Factors	Impact on Dividend Decisions
Profitability	Assessment of company earnings
Cash Flows	Evaluation of available liquidity
Business Requirements	Capital allocation for growth
Shareholder Interests	Long-term value creation focus

The clarification serves to inform shareholders about the circumstances surrounding the dividend non-payment and demonstrates the company's commitment to transparent communication with its stakeholder community.

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