Key Details

Meeting Information

  • Meeting Date: Friday, November 27, 2026
  • Meeting Time: 12:30 PM (IST)
  • Mode: Video Conferencing/Other Audio Visual Means with physical attendance option at registered office
  • Cut-off date for creditor eligibility: July 31, 2026
  • Remote e-voting period: November 24, 2026 (9:00 AM) to November 26, 2026 (5:00 PM)

Scheme Overview

The Scheme provides for amalgamation of Planetfirst Green Private Limited (Transferor Company) with and into POCL Enterprises Limited (Transferee Company) under Sections 230-232 of Companies Act, 2013.

Appointed Date: April 1, 2026

Share Exchange Ratio:

  • For equity shareholders: 13 equity shares of POCL (face value ₹2) for every 100 equity shares of Planetfirst Green (face value ₹10)
  • For preference shareholders: 5 equity shares of POCL (face value ₹2) for every 100 preference shares of Planetfirst Green (face value ₹10)

Financial Information

Transferor Company (Planetfirst Green) Financials as of July 31, 2026:

  • Secured creditors: ₹17,30,47,068.42
  • Unsecured creditors: ₹75,30,95,370.78

Transferee Company (POCL Enterprises) Financials as of July 31, 2026:

  • Secured creditors: ₹1,58,07,90,298.86
  • Unsecured creditors: ₹47,91,91,871.45

Share Capital Structure:

POCL Enterprises Limited:

  • Authorized Capital: ₹15,00,00,000 (7.5 crore shares of ₹2 each)
  • Paid-up Capital: ₹6,15,32,166 (3,07,66,083 shares of ₹2 each)
  • Outstanding convertible warrants: 5,62,782 warrants convertible into equity shares

Planetfirst Green Private Limited:

  • Authorized Capital: ₹30,00,00,000
  • Paid-up Capital: ₹30,00,00,000 (5 crore equity shares + 2.5 crore preference shares)

Voting Arrangements

  • CDSL appointed for remote e-voting services
  • Scrutinizer: Mr. Mudit Jain, Advocate
  • Chairman: Mr. Sameer Kakar (NCLT appointed)
  • Quorum requirement: Not less than 20 unsecured creditors

Conditions for Scheme Effectiveness

1. Approval by requisite majority of creditors and shareholders

2. NCLT sanction under Sections 230-232 of Companies Act, 2013

3. Compliance with SEBI Master Circular and other regulatory requirements

4. Filing of NCLT order with Registrar of Companies

Rationale and Benefits

  • Vertical integration of lead recycling (Planetfirst) with manufacturing (POCL)
  • Expansion into Western India through Planetfirst's Surat unit
  • Operational synergies and cost efficiencies
  • Economies of scale and better capital utilization

Documents Available

The notice includes 19 annexures containing:

  • Scheme document
  • Financial statements of both companies
  • Valuation report by registered valuer
  • Fairness opinion by merchant banker
  • BSE observation letter
  • Shareholding patterns
  • Auditors' certificates

Important Notes

  • No compromise or arrangement proposed with creditors of either company
  • No cash outflow for the amalgamation
  • All liabilities of Transferor Company will transfer to Transferee Company
  • Employees of Transferor Company will become employees of Transferee Company with continuity of service