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POCL Enterprises has announced a board meeting approving the allotment of 28.86 lakh equity shares at Rs. 202 each, raising Rs. 58.3 crore, and 5.63 lakh convertible warrants at the same price, raising Rs. 11.37 crore (25% payable upfront), to a mix of promoter and non-promoter investors via preferential issue. The company is acquiring a 40% equity stake and 85% of preference shares in PlanetFirst Green Pvt. Ltd., a lead recycling firm with a provisional turnover of Rs. 79.43 crore in FY25, for a total investment of Rs. 19 crore. PlanetFirst will become POCL’s associate company. Mrs. Nupur Bansal has been appointed President – Business Development to lead growth and diversification efforts, bringing strong retail strategy experience.