POCL Enterprises Limited has completed the acquisition of a 51% equity stake in Trichy Metals and Alloys Private Limited, making the latter its subsidiary effective July 15, 2026. The transaction, valued at ₹12,46,88,690, was executed through a combination of share purchases from existing shareholders and a preferential subscription. This strategic move is aimed at enhancing resource efficiency and expanding market share in the lead recycling space.

The acquisition was funded entirely through cash consideration. POCL Enterprises acquired 69,310 equity shares, each with a face value of ₹10, at a price of ₹1,799 per share. This price includes a securities premium of ₹1,789 per share. The transaction is not a related party transaction, and no regulatory approvals were required for its completion.

Trichy Metals and Alloys Private Limited is engaged in the manufacturing of lead ingots and other metals, along with trading in metals and alloys. Incorporated on February 12, 2019, the company operates from Trichy, Tamil Nadu. It possesses an installed refining capacity of approximately 26,000 MTPA and a smelting capacity of approximately 21,500 MTPA.

The financial performance of Trichy Metals shows a consistent upward trend in revenue over the past three years. For the financial year ended March 31, 2026, the company reported a turnover of ₹163.74 crores and a profit after tax of ₹3.60 crores. The revenue potential is estimated at approximately ₹600 crores per annum.

Financial Performance of Trichy Metals

The strategic rationale for the acquisition includes leveraging Trichy Metals' established brand name and domestic supply chain network. The target company is also in the process of securing approval from the Ministry of Environment, Forest and Climate Change for the import of lead scrap. This approval, coupled with opportunities for diversification into non-ferrous metals like copper and aluminium, is expected to drive long-term growth for the combined entity.

POCL Enterprises Limited has received an observation letter with 'No adverse observation' from BSE regarding its proposed amalgamation with Planetfirst Green Private Limited. This regulatory clearance allows the company to proceed with filing the scheme before the National Company Law Tribunal (NCLT), subject to necessary approvals. The scheme aims to merge Planetfirst Green Private Limited, the transferor company, with and into POCL Enterprises Limited, the transferee company, along with their respective shareholders and creditors.

The Board of POCL Enterprises had initially approved the Scheme of Amalgamation on March 16, 2026, under Sections 230 to 232 of the Companies Act, 2013. BSE issued its final observation letter on July 07, 2026, confirming no adverse remarks under Regulation 37 of the SEBI (LODR) Regulations, 2015. The letter is valid for six months from the date of issuance, within which the company must submit the scheme to the NCLT.

SEBI provided specific comments on the draft scheme, requiring the listed entity to disclose all details of ongoing adjudication, recovery proceedings, and enforcement actions against the company, its promoters, or directors. The regulator also mandated that all liabilities of the transferor company must be transferred to the transferee company. Additionally, the financials used in the scheme, including those for the valuation report, must not be older than six months.

The companies must disclose comprehensive details to shareholders, including the rationale for the merger, synergies, share swap ratio basis, and financial implications for promoters and public shareholders. Information regarding unlisted companies involved in the scheme must be included in the format specified for an abridged prospectus. The proposed equity shares issued under the scheme must be in dematerialized form only.

The observation letter does not imply clearance or approval of the scheme's financial soundness by SEBI or the exchange. BSE reserves the right to withdraw its 'No adverse observation' if any information provided is found to be incomplete, incorrect, or misleading. The scheme remains subject to various statutory and regulatory approvals and the consent of the respective shareholders and creditors of the companies involved.