Issue of Equity Shares on a rights basis by the Company ('Rights Issue').
Price
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On the reaction day the stock moved 7.7 pts less than Nifty Microcap 250 and 7.0 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Poojawestern Metaliks Ltd's Rights Issue Committee approved issuing 81,13,600 partly paid-up equity shares at ₹20 per share (face value ₹10 + ₹10 premium), aggregating up to ₹1,622.72 lakhs on a rights basis to existing shareholders. The entitlement ratio is 4 rights shares for every 5 shares held. Payment is in two tranches—₹10 on application and ₹10 on a later call. The issue opens on March 17, 2026 and closes on April 1, 2026. The record date will be announced shortly. Outstanding shares will rise from 1,01,42,000 to 1,82,55,600 assuming full subscription.
Eligible shareholders must apply by April 1, 2026 to avoid dilution of their stake. The issue nearly doubles the share count, so shareholders who do not participate will see their holding proportion reduced by roughly 44%. The partly paid structure means only half the money is due immediately.