Rights Issue16 Jul 2026, 04:40 pm
Poojawestern Metaliks Plans Rights Issue Up to ₹1500 Lakhs
AI Summary
Poojawestern Metaliks Limited's Board of Directors has approved a proposal for a Rights Issue of partly paid-up Equity Shares, aiming to raise up to ₹1500 Lakhs. This move is subject to shareholder and regulatory approvals. The Board also approved the conversion of outstanding unsecured loans from promoters into equity shares as part of the Rights Issue. Additionally, the company will proceed with a Postal Ballot to seek member approval for various agenda items, appointing NSDL as the remote e-voting agency and SCS and Co. LLP as the scrutinizer.
Key Highlights
- Board approved Rights Issue of partly paid-up Equity Shares.
- Proposed fundraising target is up to ₹1500 Lakhs.
- Promoter loans to be converted into equity via Rights Issue.
- Postal ballot to be conducted for shareholder approvals.
- NSDL appointed as remote e-voting agency.
Price Impact
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