Pondy Oxides & Chemicals Limited — JV/Acquisition, 28-01-2026: Amalgamation/Merger

Pondy Oxides & Chemicals (POCL) has announced the amalgamation of its wholly-owned subsidiary, POCL Future Tech (PFTPL), with itself. This move aims to boost operational synergies, create a vertically integrated plastics recycling business, and streamline management for better efficiency and cost control. PFTPL, focused on plastics recycling, had a turnover of ₹18.74 Cr as of Dec 2025, compared to POCL's ₹2,006.97 Cr. Since PFTPL is a WOS, no new shares will be issued, ensuring no dilution for POCL shareholders. The plan awaits necessary approvals.