The Board at its meeting held on June 18, 2025 has appointed Mrs. Nupur Bansal as the President - Business Development and as the Senior Management Personnel of the Company with effect ....
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The Board of POCL Enterprises, at its June 18, 2025 meeting, approved three key items. First, allotment of 28.86 lakh equity shares at Rs. 202 per share (raising ~Rs. 58.3 crore) and 5.63 lakh convertible warrants at Rs. 202 per warrant (raising ~Rs. 11.4 crore on 25% upfront) under a preferential issue to promoter group and non-promoter allottees; balance offered shares/warrants lapsed due to non-subscription. Second, acquisition of a 40% equity stake and 85% preference stake in PlanetFirst Green Pvt Ltd, a Surat-based lead recycling company with FY25 provisional turnover of Rs. 79.43 crore, for a total cash investment of Rs. 19 crore, expected to close by June 30, 2025. Third, appointment of Mrs. Nupur Bansal as President – Business Development and Senior Management Personnel effective June 19, 2025. Mrs. Bansal is from the promoter group and is related to existing directors Mr. Harsh Bansal and Mr. Sunil Kumar Bansal.
Shareholders should note equity dilution from the preferential allotment and potential further dilution if warrants are converted within 18 months; the Rs. 19 crore acquisition adds a lead recycling associate that complements POCL's metals business. The promoter-family SMP appointment signals family involvement in operational leadership, which investors should weigh in their governance assessment.