POCL Enterprises to Acquire 51% Stake in Trichy Metals

POCL Enterprises Ltd announced its Board of Directors has approved the acquisition of a 51% equity stake in Trichy Metals and Alloys Private Limited (TMA). The acquisition involves purchasing shares from existing shareholders and subscribing to new equity on a preferential basis. TMA is engaged in manufacturing lead ingots and other metals, with a refining capacity of 26,000 MTPA and smelting capacity of 21,500 MTPA. For FY26, TMA reported a turnover of ₹163.74 crores and profit after tax of ₹3.60 crores. The acquisition is expected to be completed by August 30, 2026, subject to definitive agreements and regulatory approvals. TMA will become a subsidiary of POCL Enterprises upon completion. The company sees strategic, operational, and commercial strengths in TMA, including diversification opportunities.