POCL Enterprises adopts FY26 financials; Chairman cites resilience
- POCL Enterprises adopted FY26 standalone and consolidated financial statements at its 38th AGM held on September 28, 2026.
- Chairman highlighted strategic consolidation in the non-ferrous metals value chain amidst global economic volatility.
- Shareholders approved material related party transactions with subsidiaries and associates including Planetfirst Green and Trichy Metals.
- Board ratified re-appointments of Managing Directors Devakar Bansal and Sunil Kumar Bansal, and Independent Director Shyam Sunder Tikmani.
*this image is generated using AI for illustrative purposes only.
POCL Enterprises Limited convened its 38th Annual General Meeting on September 28, 2026, via video conferencing. Shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
The meeting was chaired by Dr. Ramachandran Balachandran, Independent Director and Chairman of the Board. Key resolutions passed included the confirmation of interim dividend and declaration of final dividend on equity shares for FY26. The board also approved the appointment of M/s. R K C G & Associates LLP as statutory auditors to fill a casual vacancy and for the subsequent term.
Chairman's address highlights
In his address to shareholders, the Chairman described FY26 as a year of meaningful progress characterized by strategic consolidation and capacity building. The company focused on strengthening core operations and expanding its presence across the non-ferrous metals value chain. Despite an evolving business environment, POCL Enterprises remained committed to responsible growth and sustainable value creation.
The Chairman noted that the global economy remained resilient yet challenging during 2025, marked by geopolitical tensions, evolving trade policies, and commodity market volatility. While global trade and manufacturing showed resilience, supply chains continued to face pressure. The company emphasized agility and innovation as key drivers for navigating these market dynamics.
Leadership and governance updates
Several directorial appointments and re-appointments were ratified during the session. Mr. Sunil Kumar Bansal and Mr. Harsh Bansal were re-appointed as directors retiring by rotation. Special resolutions were passed for the re-appointment of Mr. Devakar Bansal as Managing Director, Mr. Sunil Kumar Bansal as Managing Director, and Mr. Harsh Bansal as Whole-time Director, along with fixing their remuneration. Mr. Amber Bansal was also re-appointed as Whole-time Director with fixed remuneration.
Mr. Shyam Sunder Tikmani was re-appointed as an Independent Director for a second term of five years through a special resolution. The company disclosed that neither the statutory auditor’s reports on standalone and consolidated financial statements nor the secretarial audit report contained any qualifications or adverse remarks affecting the company’s functioning.
Related party transactions
The shareholders approved material related party transactions involving subsidiaries and associates. These approvals cover transactions between POCL Enterprises Limited and Planetfirst Green Private Limited, an associate, as well as with Trichy Metals and Alloys Private Limited, a subsidiary. Additionally, transactions between these two entities were ratified.
| Resolution Type | Key Approval |
|---|---|
| Ordinary | Adoption of FY26 standalone and consolidated financials |
| Ordinary | Confirmation of interim and declaration of final dividend |
| Ordinary | Appointment of R K C G & Associates LLP as statutory auditors |
| Special | Re-appointment of Independent Director Shyam Sunder Tikmani |
| Special | Re-appointment of Managing Directors Devakar Bansal and Sunil Kumar Bansal |
The voting process was conducted electronically through CDSL, supervised by scrutinizer Mrs. Deepa V Ramani from M/s. KSM Associates. The meeting concluded at 6:46 pm after the completion of the voting window.
Historical Stock Returns for POCL Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.75% | +3.05% | -7.21% | -4.76% | -4.76% | -4.76% |
How will the strategic consolidation in the non-ferrous metals value chain impact POCL Enterprises' competitive positioning against larger integrated players?
What specific capacity expansion projects are planned for FY27 to support the company's stated focus on core operations and growth?
How does the company plan to mitigate supply chain pressures and commodity volatility mentioned by the Chairman in the upcoming fiscal year?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
