Poojawestern Metaliks Approves 51% Stake Acquisition in Saffron Feathers Singapore Under SEBI Regulation 30

Poojawestern Metaliks Ltd informed BSE today that its board approved the acquisition of up to 51% equity stake in Singapore-incorporated Saffron Feathers Pte. Ltd., citing overseas expansion as the strategic rationale.

Poojawestern Metaliks Ltd is engaged in the business of manufacturing and trading metal products. The company is listed on BSE under the security code 540727.

In recent years, the company has indicated its intent to explore growth opportunities beyond domestic markets. The proposed majority acquisition in Saffron Feathers Pte. Ltd. aligns with that outward-looking strategy, subject to regulatory clearances and completion of due diligence processes.

Board Approves Majority Stake Acquisition in Singapore Entity

In a disclosure dated February 19, 2026, under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Poojawestern Metaliks Ltd (BSE: 540727) said its Board of Directors had cleared the proposal at its meeting held the same day.

The company has entered into a definitive agreement for the acquisition of up to 51% (Fifty-One Percent) majority stake in Saffron Feathers Pte. Ltd., a company incorporated in Singapore. The filing identifies the transaction as a strategic initiative to expand and strengthen its presence in overseas markets, particularly Singapore and other international jurisdictions.

Management noted that the proposed acquisition remains subject to execution of definitive agreements, completion of due diligence, receipt of statutory and regulatory approvals, if any, and fulfillment of customary conditions precedent. The company added that consummation of the transaction would depend on satisfaction of these conditions and compliance with applicable laws.

Poojawestern Metaliks Stock Market Snapshot

Shares of Poojawestern Metaliks Ltd were trading at ₹27.40, down ₹0.57 or 2.04% on the day, as of 1:26 pm IST on February 19, 2026, according to BSE data.

The stock opened at ₹27.22 and touched a high of ₹28.90 and a low of ₹27.05 so far during the session. The previous close stood at ₹27.97.

At the prevailing price, the company’s market capitalisation was approximately ₹27.79 crore. The stock has a 52-week high of ₹36.89 and a 52-week low of ₹24.26. Its reported price-to-earnings ratio stands at 12.62, as per exchange data.

The board-approved proposal marks a potential step in Poojawestern Metaliks Ltd’s international expansion strategy. While the definitive agreement has been entered into, the transaction remains conditional upon regulatory approvals and other customary requirements, as outlined in the exchange filing. Investors may track further disclosures for updates on execution timelines and completion status.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/ab4b1371-e589-4320-aad2-a88781a8434d.pdf