The Board of Directors at its meeting held today i.e., March 16, 2026 has approved the Scheme of Amalgamation of Planetfirst Green Private Limited with and into POCL Enterprises Limited ....
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POCL Enterprises' board has approved the amalgamation of its associate company Planetfirst Green Private Limited (PGPL) into itself, with an appointed date of April 1, 2026. PGPL is an unlisted private company in which POEL already holds 40% equity and 85% preference capital; PGPL runs a specialized lead recycling and refining unit (FY25 turnover ~Rs 13,912 lakhs, negative net worth of ~Rs 1,154 lakhs) while POEL is an integrated lead and metallic oxides manufacturer (standalone turnover ~Rs 1,09,940 lakhs, net worth ~Rs 18,215 lakhs). The merger is aimed at vertical integration of recycling with POEL's manufacturing, plus market expansion into Western India through PGPL's Surat unit. Shareholders of PGPL will get 13 equity shares of POEL (face value Rs 2) for every 100 equity shares (face value Rs 10), and 5 equity shares of POEL for every 100 preference shares of PGPL. The scheme will now move to NCLT, SEBI, BSE, and shareholder/creditor approvals.
The amalgamation will consolidate POEL's lead value chain under one entity and add a Western India footprint, with potential cost and supply-chain benefits. Promoter holding will marginally dilute from 40.15% to 39.41% on a non-diluted basis, and total equity will rise from about 3.08 crore to 3.13 crore shares. Deal remains subject to NCLT, SEBI and shareholder approvals, so execution risk persists in the near term.