Poojawestern Metaliks Limited has announced its board's approval for a strategic overseas acquisition aimed at expanding the company's international footprint. The Board of Directors approved entering into a definitive agreement to acquire a majority stake in a Singapore-based entity during their meeting on February 19, 2026.

Acquisition Details

The proposed transaction involves acquiring up to 51% majority stake in Saffron Feathers Pte. Ltd., a company incorporated in Singapore. The following table outlines the key parameters of the proposed acquisition:

Strategic Rationale

The proposed acquisition forms part of Poojawestern Metaliks Limited's strategic objective to expand and strengthen its presence in overseas markets. The company is particularly focused on establishing a stronger foothold in Singapore and other international jurisdictions, positioning itself for enhanced global operations.

Regulatory and Compliance Framework

The transaction remains subject to several conditions precedent that must be satisfied before completion. These include:

• Execution of definitive agreements between the parties
• Completion of comprehensive due diligence procedures
• Receipt of necessary regulatory and statutory approvals, if required
• Fulfillment of customary conditions precedent
• Compliance with all applicable laws and regulations

Transaction Status and Future Disclosures

Poojawestern Metaliks Limited emphasized that the proposed transaction may or may not be consummated, depending upon the satisfaction of the aforementioned conditions and other relevant factors. The company has committed to making appropriate disclosures to the stock exchange as and when there are further material developments regarding this acquisition, in compliance with applicable provisions of the SEBI LODR Regulations.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory compliance.

Poojawestern Metaliks Limited announced its unaudited consolidated and standalone financial results for the quarter ended December 31, 2025, demonstrating significant revenue growth and strategic appointments in key auditing positions. The company has also completed mandatory newspaper publication requirements under SEBI regulations.

Financial Performance Overview

The company's consolidated financial results showed robust performance with revenue from operations reaching ₹2,475.05 lakh for Q3FY26, representing a substantial increase from ₹1,518.51 lakh in the corresponding quarter of the previous year. Total revenue including other income stood at ₹2,493.02 lakh for the quarter.

Profitability and Earnings

The company reported consolidated net profit of ₹37.39 lakh for Q3FY26, showing improvement from ₹35.83 lakh in Q3FY25. For the nine-month period ended December 31, 2025, net profit increased significantly to ₹166.84 lakh compared to ₹100.10 lakh in the corresponding period of the previous year.

Earnings per share remained stable at ₹0.37 for Q3FY26 compared to ₹0.35 in Q3FY25, while nine-month EPS improved to ₹1.65 from ₹0.99 in the previous year.

Standalone Performance

On a standalone basis, the company reported revenue from operations of ₹1,592.47 lakh for Q3FY26, with net profit of ₹19.40 lakh. The nine-month standalone performance showed revenue of ₹4,059.39 lakh and net profit of ₹120.22 lakh.

Key Auditor Appointments

During the board meeting held on February 11, 2026, the company made strategic appointments to strengthen its governance framework:

Regulatory Compliance and Publication

In compliance with Regulation 47 of the SEBI LODR Regulations, 2015, the company published its Q3FY26 unaudited financial results in newspapers on February 13, 2026. The publication appeared in both Financial Express English Edition and Financial Express Gujarati Edition.

Board Meeting Outcomes

The board meeting, which commenced at 04:45 P.M. and concluded at 05:45 P.M. at the company's registered office in Jamnagar, addressed several key agenda items including approval of unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, and appointment of internal and secretarial auditors for FY 2025-26.

The financial results were reviewed by the Audit Committee before receiving board approval and have undergone limited review by the statutory auditors D G M S & Co., Chartered Accountants. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34 - Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013.