POEL to acquire 51% stake in Trichy Metals and Alloys for Rs 12.47 cr
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POCL Enterprises board approved acquiring 51% stake (69,310 shares at Rs 1,799 each) in Trichy Metals and Alloys Pvt Ltd for about Rs 12.47 crores in cash. TMA makes lead ingots with 26,000 MTPA refining and 21,500 MTPA smelting capacity, FY26 turnover Rs 163.74 cr, PAT Rs 3.60 cr. TMA will become a subsidiary of POEL. Deal expected to close by August 30, 2026. Not a related party transaction.
TMA becomes a POEL subsidiary, adding lead recycling capacity and about Rs 164 cr revenue. Strengthens POEL's non-ferrous metals market share.