POCL Enterprises Limited has completed the acquisition of 51% equity stake in Trichy Metals and Alloys Private Limited (TMA) on July 15, 2026. The acquisition was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows an earlier intimation dated July 01, 2026 (Ref: POEL/BNS/BSE/2026-27/15).

Acquisition Structure

The acquisition was completed through two methods:

  • Acquisition of equity shares from existing shareholders of TMA via Share Purchase Agreement
  • Further subscription to equity shares of TMA on a preferential basis via Share Subscription-cum-Shareholders' Agreement

Consequent to this transaction, Trichy Metals and Alloys Private Limited has become a subsidiary of POCL Enterprises Limited effective July 15, 2026.

Strategic Rationale

Trichy Metals and Alloys Private Limited (CIN: U27205TN2019PTC127419) was incorporated on February 12, 2019, with its registered office in Trichy, Tamil Nadu. The company is engaged in manufacturing lead ingots and other metals, trading in metals and alloys, and related incidental activities.

Key Operational Capabilities:

  • Installed refining capacity: approximately 26,000 MTPA
  • Smelting capacity: approximately 21,500 MTPA
  • Overall revenue potential: approximately ₹600 crores per annum

Financial Performance (FY 2025-26):

  • Turnover: ₹163.74 crores (Audited)
  • Profit After Tax: ₹3.60 crores (Audited)

TMA is described as a profitable company with an established brand name and well-developed domestic supply chain network. The company is in the process of obtaining approval from the Ministry of Environment, Forest and Climate Change (MoEF) for the import of lead scrap and presents significant opportunities for diversification into other non-ferrous metals including copper and aluminium.

Transaction Details

Consideration and Pricing:

  • Acquisition of 69,310 equity shares (51% of total paid-up equity share capital)
  • Face value: ₹10 per share
  • Purchase price: ₹1,799 per share (including securities premium of ₹1,789 per share)
  • Total acquisition cost: ₹12,46,88,690 (Twelve Crores Forty-Six Lakhs Eighty-Eight Thousand Six Hundred and Ninety only)
  • Payment method: Cash consideration

Historical Financials of TMA:

  • FY 2025-26: ₹163.74 crores (Audited)
  • FY 2024-25: ₹112.85 crores (Audited)
  • FY 2023-24: ₹103.97 crores (Audited)