The company has Incorporated a Wholly Owned Subsidiary named brasscraft Engineering private limited
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Poojawestern Metaliks Ltd has incorporated a new wholly owned subsidiary named Brasscraft Engineering Private Limited on June 21, 2025 (CIN: U24209GJ2025PTC164381). The new subsidiary has an initial capital of Rs. 1,00,000, divided into 10,000 shares of Rs. 10 each, with Poojawestern subscribing to 9,980 shares (99.80%) and the remaining stake held by another wholly owned subsidiary of the company. The new entity will be engaged in the manufacturing and export of brass products, which aligns with the company's existing growth strategy. The investment is in cash and qualifies as a related party transaction, though no government or regulatory approvals were required.
This is a minor strategic step with very small capital deployment (Rs. 1 lakh) and limited immediate financial impact for shareholders. However, it signals the company's intent to expand its brass products business through a dedicated entity, potentially setting the stage for future growth in manufacturing and exports.