The Statement of Deviation or variation on the utilisation of funds raised through Preferential Issue for the quarter ended March 31, 2026 is enclosed.
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POCL Enterprises Ltd held its Board Meeting on May 25, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations stood at ₹14,316.85 Lakhs with Profit Before Tax of ₹5,360.80 Lakhs, up 28.25% YoY from ₹4,179.64 Lakhs. Net profit for FY26 was ₹3,960.89 Lakhs. The company raised ₹61.14 Crore through a Preferential Issue on June 18, 2025 (₹58.30 Crore via equity shares and ₹2.84 Crore via convertible warrants). Of the equity share proceeds, ₹56.31 Crore has been utilized with no deviation from stated objects—funds deployed towards growth acquisitions (₹19 Crore), working capital (₹33.50 Crore), capex (₹1.31 Crore utilized, balance in money market), and general corporate purposes (₹2.50 Crore). The Board recommended a final dividend of 40% (₹0.80 per share of ₹2 face value). The company also acquired 40% stake in associate Planetfirst Green Private Limited and proposed a scheme of amalgamation with the same.
Positive signal for shareholders—strong 28% profit growth, no fund utilization deviation, and dividend recommendation indicate healthy operations. The ₹61 Crore preferential issue funds are being deployed as planned, providing visibility on capital deployment.