Poojawestern Metaliks Limited held a Board Meeting on July 16, 2026, from 03:30 P.M. to 04:00 P.M. at its Registered Office at Plot No. 1, Phase II, GIDC, Dared, Jamnagar-361004, Gujarat, India. The Board considered and approved several agenda items:

Rights Issue Approval

The Board approved, subject to shareholder and regulatory approvals, the issuance of partly paid-up Equity Shares with a face value of ₹10 each for an amount not exceeding ₹1500 Lakhs (approximately ₹15 crores) through a Rights Issue to eligible shareholders. The specific terms including issue price, rights entitlement ratio, record date, timing, and payment terms will be determined later by the Board or a duly constituted Committee. The issuance will comply with the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Promoter Loan Conversion

Subject to shareholder approval, the Board approved the request from promoter/promoter group members Mr. Sunil D. Panchmatiya, Mr. Anil D. Panchmatiya, Mr. Vivek Panchmatiya, and Mr. Meet Panchmatiya to convert their non-interest bearing Outstanding Unsecured Loan into equity shares of the company against their rights in the proposed Rights Issue.

Postal Ballot Process

The Board approved the Postal Ballot Notice and Calendar of Events for seeking shareholder approval for the specified agenda items. National Securities Depository Limited (NSDL) was appointed as the Remote E-Voting Agency, and M/s. SCS and Co. LLP, Practicing Company Secretaries, was appointed as the Scrutinizer to conduct the postal ballot through remote e-voting. The Notice of Postal Ballot will be submitted to the exchange and e-voting agency once sent to shareholders via email and will also be hosted on the company's website at www.poojametal.com.

Regulatory Disclosure

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The annexure specifies the securities as Equity Shares (Partly Paid up), issuance type as Rights Issue, total amount as up to ₹1500 Lakhs, and notes no cancellation or termination of the proposal.

Other Business

The Board considered and approved all other business as per the circulated agenda.