News

Planetfirst Green Private Limited is merging into POCL Enterprises Limited, a move approved by the boards of both companies and deemed to be in the best interests of stakeholders. A Court Convened Meeting of Equity Shareholders for POCL Enterprises Limited is scheduled for November 27, 2026, at 10:30 AM IST in Chennai to vote on the scheme of amalgamation. Shareholders can access key documents, including the Explanatory Statement detailing the merger’s rationale and terms, by emailing [email protected]. The Scheme requires approval from POCL Enterprises Limited shareholders, the National Company Law Tribunal, and the Registrar of Companies, with directors and key management personnel holding no direct financial interest beyond their shareholding.

A court order mandates a series of meetings for shareholders and creditors related to a scheme of amalgamation between two applicant companies and a transferee company, scheduled for November 27, 2026, at the Transferee Company`s registered office in Chennai, with video conferencing options available. Samer Kaker will serve as Chairperson, while Mudit Jain will act as Scrutinizer. Meetings require quorums of 30 for equity shareholders and 20 for unsecured creditors, with certain meetings for Company 2 dispensed with due to unanimous consent. Notices must be sent 30 days in advance, and advertisements published in Trinity Mirror and Makkal Kural, with reporting due within three days. The order, passed by Judges Venkatamaran Subramanian and Sanjiv Jain, requires compliance with the Companies Act, 2013, and notification of various regulatory authorities.

POCL Enterprises Limited informed BSE Limited that trading in the company`s shares will be closed from September 30, 2026, due to the declaration of unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company`s code of conduct.

POCL Enterprises will hold a meeting of the Board of Directors of the Company on 14 August 2026.

POCL Enterprises announced that the Board of Directors of the Company at its meeting held on 25 May 2026, inter alia, have recommended the final dividend of Rs 0.8 per equity Share (i.e. 40%) , subject to the approval of the shareholders.