Pondy Oxides & Chemicals Limited (POCL) announced that its Board of Directors, in a meeting held on January 28, 2026, has approved a Scheme of Amalgamation. The scheme involves the amalgamation of its wholly-owned subsidiary, POCL Future Tech Private Limited (PFTPL), with the parent company, POCL. This amalgamation, to be carried out under Sections 230 to 232 of the Companies Act, 2013, is subject to the approvals of the National Company Law Tribunal (NCLT), and the shareholders and creditors of both companies. PFTPL is engaged in plastic recycling, while POCL manufactures lead metals, alloys, copper, and other non-ferrous metals. The rationale behind the merger includes leveraging operational synergies, creating a vertically integrated business structure by integrating plastic recycling with manufacturing processes, achieving economies of scale, and enhancing overall management efficiency. The company also disclosed financial details as of December 31, 2025. PFTPL had a paid-up capital of ₹99.99 Lakhs and a net worth of ₹(944.21) Lakhs, with a turnover of ₹1,874.14 Lakhs for the nine months ended. POCL (standalone) had a paid-up capital of ₹1,525.56 Lakhs, a net worth of ₹73,192.06 Lakhs, and a turnover of ₹2,00,697.35 Lakhs. As PFTPL is a wholly-owned subsidiary, no new shares will be issued or cash consideration paid, and the shareholding pattern of POCL will remain unchanged.
