The Outcome of the Board Meeting held on June 18, 2025 for approving the allotment of equity shares & convertible warrants, acquisition of shares of PlanetFirst Green Private Limited and ....
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POCL Enterprises (POEL) announced three major decisions from its June 18, 2025 board meeting. First, it allotted 28.86 lakh equity shares at Rs. 202 each (raising about Rs. 58.3 crore) and 5.63 lakh convertible warrants at the same price (about Rs. 11.37 crore) to 60 and 17 investors respectively, including promoter group members like Sunil Kumar Bansal, Devakar Bansal, and others. Second, POEL will acquire a 40% equity stake and 85% of preference shares in PlanetFirst Green Private Limited, a Surat-based lead recycling company with Rs. 79.43 crore provisional turnover for FY25, for a total investment of Rs. 19 crore, making it an Associate Company by June 30, 2025. Third, Mrs. Nupur Bansal, who is part of the promoter group, was appointed as President - Business Development effective June 19, 2025.
The preferential allotment brings in roughly Rs. 58.3 crore of fresh capital (with another Rs. 11.37 crore possible from warrant conversion), strengthening POEL's balance sheet. The PlanetFirst acquisition expands POEL's footprint in lead recycling with an operational capacity of 21,000 MT per year, aligning with its resource efficiency strategy. Existing shareholders may see some dilution, though promoter participation signals confidence. The stock could react positively given the growth-oriented moves.