Pocl Enterprises (POEL) has received approval from Board of Directors for strategic investment in M/s. PlanetFirst Green. This investment involves acquisition of 40% equity shares and 85% of the Non-cumulative Non-Convertible Redeemable Preference Shares of M/s. PlanetFirst Green from its existing shareholders and promoters. In this regard, POEL is entering into and executing necessary Shareholders’ Agreement and Share Purchase Agreement with M/s. PlanetFirst Green, its existing promoters and shareholders.
The acquisition is expected to get completed on or before June 30, 2025 and accordingly M/s. PlanetFirst Green shall become an Associate Company of POCL Enterprises. The Board of Directors at its meeting held on June 18, 2025 has approved the same.
Pocl Enterprises specializes in manufacturing and trading of various metals, chemicals and their oxides.
