The Board of Directors at their meeting held on 19/01/2026 has considered and accorded its in-principle approval for the proposal of Amalgamation/Merger of Planetfirst Green Private Limited ....
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POCL Enterprises' board has given an initial nod to merge its associate company Planetfirst Green Private Limited into itself. Both companies operate in the lead recycling business. The merger aims to combine distribution networks, expand market share, and open up western India via Planetfirst's Surat facility. The scheme, along with a valuation report and a SEBI-registered merchant banker's fairness opinion, will be taken up at a future board meeting. No share swap ratio has been disclosed yet, and NCLT/regulatory approvals are still pending.
If completed, the merger should boost POCL's lead recycling capacity and reach, potentially improving margins and sales. However, it is still at a preliminary stage, so near-term impact on the stock is likely limited until the swap ratio, valuations, and final approvals are announced.