NCLT allows Palco Metals first motion for scheme of arrangement

0 min read Updated on 18 Jun 2026, 11:36 AM

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Suketu GScanX News Team

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The National Company Law Tribunal (NCLT), Ahmedabad Bench, has allowed the first motion application for the proposed scheme of arrangement between Palco Metals Limited and Palco Recycle Industries Limited. The order dated June 16, 2026, directs the convening of meetings for equity shareholders and creditors within 45 days. The scheme remains subject to requisite approvals and final sanction by the NCLT.

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The National Company Law Tribunal (NCLT), Ahmedabad Bench, has allowed the first motion application for the proposed scheme of arrangement between Palco Metals Limited and Palco Recycle Industries Limited. The order dated June 16, 2026, permits the companies to proceed under Sections 230 to 232 of the Companies Act, 2013, subject to necessary approvals.

Pursuant to the order, the Tribunal has directed the convening of meetings for the equity shareholders of the Transferee Company and the secured and unsecured creditors of the Transferor Company. These meetings must be held within 45 days of the order.

The Chairman of the Meeting is required to file the report of the proceedings with the Hon'ble Tribunal within seven days of the conclusion of the meetings. The scheme is contingent upon receiving requisite approvals from the shareholders and creditors, followed by the final sanction of the NCLT and other applicable regulatory authorities.

The detailed order has been made available on the website of the company. Palco Metals Limited had previously intimated the exchanges regarding the scheme on May 30, 2025, and June 30, 2025.

Historical Stock Returns for Palco Metals

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.87%	-3.43%	+4.05%	+6.54%	-33.75%	+492.99%

What are the expected synergies and operational benefits from the merger between Palco Metals Limited and Palco Recycle Industries Limited?

How will the equity swap ratio be determined for the shareholders of the transferee company?

What are the potential risks or challenges in securing approvals from secured and unsecured creditors?

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Palco Metals reports FY26 revenue of ₹29,480.55 lakh, profit rises

1 min read Updated on 29 May 2026, 04:10 PM

Reviewed by

Anirudha BScanX News Team

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Palco Metals Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company achieved a consolidated net profit of ₹638.43 lakh for FY26, up from ₹631.04 lakh in the previous year, while consolidated revenue from operations increased to ₹29,480.55 lakh. For the quarter ended March 31, 2026, net profit stood at ₹303.66 lakh. The board approved these results at a meeting on May 27, 2026.

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Palco Metals Limited reported a consolidated net profit of ₹638.43 lakh for the financial year ended March 31, 2026, compared to ₹631.04 lakh in the previous year. The company's consolidated revenue from operations for FY26 stood at ₹29,480.55 lakh, an increase from ₹24,734.87 lakh in FY25. The board of directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹303.66 lakh, up from ₹101.74 lakh in the same period last year. Revenue from operations for the quarter was ₹8,113.23 lakh. The statutory auditors, M/s. KPSJ & Associates LLP, issued an audit report with an unmodified opinion on the financial results.

Consolidated Financial Results (FY26)

Particulars	Year Ended March 31, 2026 (₹ in Lakh)	Year Ended March 31, 2025 (₹ in Lakh)
Revenue from Operations	29,480.55	24,734.87
Total Income	29,480.55	24,734.87
Total Expenses	28,609.76	23,874.79
Profit Before Tax	870.79	860.08
Net Profit	638.43	631.04
Basic Earnings Per Share (₹)	15.99	15.79

The standalone financial results for FY26 showed a net loss of ₹39.31 lakh, compared to a net loss of ₹32.66 lakh in the previous year. Standalone revenue from operations was nil for the period. The company's total assets as per the consolidated balance sheet stood at ₹9,805.50 lakh as of March 31, 2026, compared to ₹7,746.90 lakh in the previous year.