Issue of Equity Shares on a rights basis by the Company
Price
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Poojawestern Metaliks Ltd has approved a rights issue of up to ₹1,622.72 Lakhs through 81,13,600 partly paid-up equity shares at ₹20 each (face value ₹10 + ₹10 premium). The entitlement ratio is 4 rights shares for every 5 shares held by existing shareholders. Payment is split into two tranches — ₹10 on application and ₹10 on a later call determined by the Board. The issue opens on March 17, 2026, with renunciation allowed until March 26, 2026, and closes on April 1, 2026. The record date to identify eligible shareholders will be announced separately. Post-issue, the total share count will rise from 1,01,42,000 to about 1,82,55,600 shares assuming full subscription.
Existing shareholders must decide whether to subscribe or renounce their rights. With the ratio at 4-for-5, eligible investors need significant capital to maintain their stake, and non-participation will lead to dilution. The two-stage payment structure eases immediate cash outflow but introduces uncertainty on the timing of the balance call.