Postal ballot for Rights Issue up to Rs 15 Cr and promoter loan conversion
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Poojawestern Metaliks has sent a postal ballot notice for two special resolutions. First, to issue partly paid-up equity shares on rights basis up to Rs 15 Crores including premium. Second, to allow conversion of promoter unsecured loans worth about Rs 3.80 Crores against subscription money. Loans are from CMD Sunil Panchmatiya (Rs 65 L), WTD Anil Panchmatiya (Rs 80 L), ED Meet Panchmatiya (Rs 90 L), and ED Vivek Panchmatiya (Rs 1.45 Cr). E-voting runs July 18 to August 16, 2026 with July 10 cut-off date.
Eligible shareholders must decide whether to subscribe to the rights issue or let entitlements lapse. Promoter loan conversion signals capital base strengthening.