Intimation regarding appointment of Additional Director in Non Executive Capacity and Additional Directors in Whole-time capacity and resignation of Director is enclosed.
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Awaiting price reaction for this filing.
POCL Enterprises reported strong Q1 FY26 results with standalone net profit of Rs 1,164 lakhs, up about 85% from Rs 628 lakhs in Q1 FY25, on revenue of Rs 37,243 lakhs (vs Rs 36,369 lakhs). Profit before tax nearly doubled to Rs 1,562 lakhs and EPS rose to Rs 4.11 from Rs 2.25. The Board approved several leadership changes: Mr. Harish Kumar Lohia joined as a Non-Executive Director, Mrs. Nupur Bansal and Mr. Sagar Bansal (both appearing to be from the promoter family, sharing the surname of MD Sunil Kumar Bansal) were appointed as Whole-time Directors for three years, and Mr. Venkataraman Yerra Milli stepped down as Whole-time Director to continue as Executive Director – Marketing (non-board). M/s. CNGSN & Associates LLP was named the new statutory auditor for five years, replacing the retiring M/s. Darpan & Associates. The 37th AGM is set for September 26, 2025, with a record date of September 5 for dividend entitlement.
The sharp jump in profits and strong EPS growth are positive signals for shareholders, though part of the prior-year base was lower. The induction of two directors sharing the MD's surname points to a promoter family succession move, which investors should monitor for governance implications. Dividend eligibility and e-voting cutoff dates give shareholders near-term actionable dates.