February 19, 2026 | Jamnagar/Mumbai:
Poojawestern Metaliks Limited has announced that its Board of Directors has approved a proposal to acquire up to 51 percent majority stake in Saffron Feathers Pte. Ltd., Singapore. The disclosure was made to BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company informed the stock exchange that the board, at its meeting held on February 19, 2026, approved entering into a definitive agreement for the proposed acquisition. The transaction is part of the company’s strategic objective to expand its footprint in overseas markets.

This move marks a significant step in the company’s international growth strategy, particularly targeting Singapore and other global jurisdictions.

Regulatory Disclosure Under SEBI LODR

The company made the announcement in compliance with Regulation 30 read with Schedule III of SEBI LODR Regulations, 2015. Such disclosures are required when listed entities undertake material corporate actions, including acquisitions and strategic investments.

The formal communication was addressed to BSE Limited, with the company confirming that further disclosures will be made as and when there are material developments in the transaction.

The scrip code of the company is 540727 and the security ID is POOJA.

Details of the Proposed Acquisition

The Board has approved acquisition of up to 51 percent stake in Saffron Feathers Pte. Ltd., a company incorporated in Singapore.

Key highlights of the transaction include:

• Acquisition of majority control up to 51 percent

• Entry into definitive agreements

• Subject to due diligence

• Conditional upon regulatory and statutory approvals, if required

• Dependent on fulfillment of customary conditions precedent

The company clarified that the transaction may or may not be consummated depending upon satisfaction of the above conditions.

This cautious wording indicates that while approval has been granted, the deal remains subject to standard transaction processes.

Strategic Rationale Behind the Move

Poojawestern Metaliks stated that the proposed acquisition aligns with its strategic objective to expand and strengthen its presence in overseas markets.

Singapore is widely regarded as a key gateway for international trade and business expansion due to:

• Strong regulatory framework

• Stable financial ecosystem

• Strategic geographic location

• Access to Southeast Asian markets

By acquiring a majority stake in a Singapore-incorporated entity, the company is positioning itself to enhance its global outreach.

International diversification can offer multiple benefits:

• Access to new customer bases

• Revenue diversification

• Reduced dependence on domestic market cycles

• Enhanced brand positioning in global markets

Implications for Poojawestern Metaliks

For Poojawestern Metaliks, this acquisition represents a potential shift toward broader geographic operations.

While the company has not disclosed financial details of the target entity, the acquisition of majority stake suggests:

• Operational control

• Strategic alignment

• Potential integration of business functions

However, since the transaction is subject to due diligence and regulatory approvals, financial specifics may be disclosed at a later stage.

Investors typically monitor such acquisitions to assess:

• Valuation of the target company

• Funding structure of the deal

• Impact on earnings

• Return on investment timeline

• Integration strategy

Conditions and Uncertainty

The company has clearly stated that the transaction is subject to:

• Execution of definitive agreements

• Completion of due diligence

• Regulatory and statutory approvals

• Fulfillment of customary conditions precedent

• Compliance with applicable laws

Such clauses are standard in acquisition announcements. They protect both parties until all transaction parameters are finalized.

The statement that the transaction “may or may not be consummated” underscores the fact that final closure depends on satisfactory completion of these steps.

Corporate Governance and Compliance

The disclosure reflects compliance with regulatory requirements aimed at ensuring transparency for shareholders and market participants.

Regulation 30 of SEBI LODR mandates timely disclosure of material events that may impact stock price or investor decision-making.

By proactively informing the exchange, the company has adhered to its governance obligations.

Market Perspective

International acquisitions are often viewed positively if they align with a clear growth strategy. However, market reaction typically depends on:

• Financial strength of the acquiring company

• Strategic fit of the target entity

• Expected synergies

• Funding mechanism

If structured efficiently, overseas acquisitions can create long-term value through global market integration.

However, investors also consider potential risks such as:

• Currency fluctuations

• Regulatory challenges

• Cultural and operational integration risks

• Increased compliance burden

Leadership Statement

The communication was signed by Sunil Devram Panchmatiya, Chairman and Managing Director of Poojawestern Metaliks Limited.

The board approval indicates that the management is actively exploring growth beyond domestic operations.

What Happens Next?

The next steps in the transaction process typically include:

1. Signing of definitive agreements

2. Detailed financial and legal due diligence

3. Regulatory clearances if required

4. Finalisation of share purchase terms

5. Completion and public disclosure of final terms

The company has assured that further disclosures will be made in compliance with SEBI LODR regulations once there are material developments.

Broader Context of Overseas Expansion

Indian companies increasingly pursue overseas acquisitions to:

• Access new technologies

• Enter developed markets

• Build global supply chains

• Improve export capabilities

Singapore remains a preferred destination due to its business-friendly environment and robust legal framework.

This move suggests that Poojawestern Metaliks aims to position itself in international value chains.

Conclusion

Poojawestern Metaliks Limited has taken a significant strategic step by approving acquisition of up to 51 percent stake in Singapore-based Saffron Feathers Pte. Ltd. The move aligns with its objective to expand globally and strengthen overseas market presence.

While the transaction remains subject to due diligence and regulatory approvals, it signals the company’s intent to pursue international growth opportunities.

Investors will closely watch further disclosures regarding deal size, financial impact, and integration plans. As per SEBI LODR requirements, the company has committed to updating the stock exchange on any material developments.

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