Poojawestern Metaliks Ltd to Acquire 51% Stake in Saffron Feathers Pte. Ltd., Singapore

Poojawestern Metaliks Ltd announced that its Board of Directors has approved entering into a definitive agreement for the acquisition of up to 51% majority stake in Saffron Feathers Pte. Ltd., a Singapore-based company. The acquisition aligns with the company's strategic objective to expand and strengthen its presence in overseas markets, particularly in Singapore and other international jurisdictions. The proposed transaction is subject to various conditions such as execution of definitive agreements, completion of due diligence, regulatory approvals, fulfillment of customary conditions precedent, and compliance with applicable laws. The company will make appropriate disclosures to the Stock Exchange as and when there are further material developments.