POCL Enterprises to acquire 51% stake in Trichy Metals and Alloys
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POCL Enterprises board approved acquiring 51% stake in Trichy Metals and Alloys (TMA) for about Rs. 12.47 crores in cash. POEL will buy 69,310 equity shares at Rs. 1,799 per share. TMA makes lead ingots, has refining capacity of 26,000 MTPA, and posted FY26 turnover of Rs. 163.74 crores with profit of Rs. 3.60 crores. The deal is not a related party transaction. TMA will become a subsidiary of POEL on completion by August 30, 2026.
Acquisition will add about Rs. 164 crores of annual revenue and boost market share in lead recycling. TMA to be consolidated as subsidiary.