Phoenix Overseas Limited — Important, 29-05-2025: Updates

Phoenix Overseas Limited has announced a board meeting on acquiring an additional 22% stake in BCL Bio Energy Private Limited, raising its holding to 51% and making BCL a subsidiary. BCL operates a rice bran oil extraction plant in West Bengal, producing crude rice bran oil and high-protein Deoiled Rice Bran (DORB) with export potential to Bangladesh and Vietnam. This acquisition diversifies Phoenix’s portfolio into agro-processing and animal feed, enhancing revenue streams and supporting growth and sustainability, funded through a cash transaction.