StockWatch
·
Commodity Chemicals
Merger15 Oct 2026, 12:21 pm

POCL Enterprises Ltd: NCLT Orders Shareholder/Creditor Meetings for Amalgamation

AI Summary

POCL Enterprises Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, has issued an order dated October 13, 2026, directing the company to convene meetings of its equity shareholders and unsecured creditors. These meetings are scheduled for Friday, November 27, 2026, at 10:30 a.m. and 12:30 p.m., respectively. The purpose is to consider and approve, with or without modifications, the proposed Scheme of Amalgamation of Planetfirst Green Private Limited with and into POCL Enterprises Limited. This follows previous intimations regarding the amalgamation under Sections 230-232 of the Companies Act, 2013, subject to regulatory approvals. Detailed notices for these meetings will be submitted to the stock exchange in due course.

Key Highlights

  • NCLT orders meetings for POCL Enterprises' amalgamation with Planetfirst Green.
  • Shareholder and unsecured creditor meetings scheduled for November 27, 2026.
  • Purpose is to approve the amalgamation scheme.
  • Order received on October 14, 2026, from NCLT Chennai Bench.