Rights Issue Withdrawal
Poojawestern Metaliks withdraws proposed rights issue
Poojawestern Metaliks Ltd informed BSE that its Board on March 3, 2026 decided not to proceed with and has withdrawn the proposed rights issue of equity shares.

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Poojawestern Metaliks Ltd (POOJA) is currently trading at 24.90 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Poojawestern Metaliks Limited, originating as a partnership firm, manufactures brass products, catering both locally and internationally. The company operates from two units in Jamnagar, Gujarat, with advanced facilities for brass production. It engages in the import of brass scrap from the UK, USA, and Gulf countries, converting them into finished goods, signaling a robust international supply chain. The company has undergone business expansion, establishing a state-of-the-art foundry with significant production capabilities for brass solids and bars. Poojawestern Metaliks Limited recently expanded through the acquisition of Western Recycling Company, enhancing its business scope in brass production and recycling.
Over the past 52 weeks, Poojawestern Metaliks Ltd has traded between a low of ₹23.41 and a high of ₹36.89. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Poojawestern Metaliks Ltd has a market capitalization of approximately 24.33. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Poojawestern Metaliks Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 10.96 and operates in the Non Ferrous Metals sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 24.33 Cr, Poojawestern Metaliks Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Poojawestern Metaliks Ltd operates in the Non Ferrous Metals sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Poojawestern Metaliks Ltd is 10.96. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Bearish
3
Neutral
4
Bullish
7
Bearish
34
Neutral
4
Bullish
8
Bearish
31
Neutral
0
Bullish
1
Rights Issue Withdrawal
Poojawestern Metaliks Ltd informed BSE that its Board on March 3, 2026 decided not to proceed with and has withdrawn the proposed rights issue of equity shares.
Rights Issue Withdrawal
On March 3, 2026, Poojawestern Metaliks Ltd informed BSE that its Board has decided not to proceed with the proposed rights issue and that the rights issue stands withdrawn (Security Code: 540727).
Rights Issue
Poojawestern Metaliks approved a rights issue of 81,13,600 partly‑paid equity shares at ₹20 each (incl. ₹10 premium) aggregating up to ₹1622.72 lakhs (4 for 5 entitlement); issue opens Mar 17, 2026 and closes Apr 1, 2026, record date to be announced.
Rights Issue
Poojawestern Metaliks' Rights Issue Committee approved issuance of 81,13,600 partly‑paid equity shares (FV ₹10) at ₹20 each (incl. ₹10 premium) totaling up to ₹1,622.72 Lakhs; issue opens 17‑Mar‑2026, closes 01‑Apr‑2026; entitlement 4:5.
Non Ferrous Metals
Metal - Others
24 Cr
High Risk
11.0
28.4
0.4
1.6
36.89
23.50
Sales CAGR
Profit CAGR
ROE
ROCE