POCL Enterprises (POEL) has received approval for the acquisition of a controlling 51% stake in Trichy Metals and Alloys (TMA). TMA is engaged in the business of manufacturing of lead ingots and other metals, trading in metals and alloys, and other incidental objects connected.
The acquisition of TMA, which is engaged in the same line of business as the company, aligns with POEL’s strategic goals of boosting resource efficiency and growing its market share in lead recycling space. This acquisition is expected to create significant value for POEL through synergies with existing TMA shareholders.
The acquisition is expected to get completed on or before August 30, 2026. Upon completion of the transaction, TMA shall become a subsidiary of POCL Enterprises. Cost of acquisition is Rs 12.47 crore. The Board of Directors of the company at its meeting held on July 01, 2026, inter-alia has approved the same.
The company specializes in manufacturing and trading of various metals, chemicals and their oxides.
