Pondy Oxides & Chemicals Limited Approves Amalgamation of Subsidiary Harsha Exito Engineering

Pondy Oxides & Chemicals Limited Approves Amalgamation of Subsidiary Harsha Exito Engineering​

Pondy Oxides & Chemicals Limited (POCL) has approved a scheme of amalgamation involving its wholly owned subsidiary, Harsha Exito Engineering Private Limited (HEEPL). The transaction involves the merger of HEEPL with POCL.

The details pertaining to the Transferor Company (HEEPL) and the Transferee Company (POCL) were reviewed, showing operational and financial metrics as of March 31, 2026.

<table>
<thead>
<tr>
<td colspan="5">Financials and Business Profiles (as of March 31, 2026; figures in Rs. in Lakhs)</td>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Particulars</strong></td>
<td><strong>HEEPL</strong></td>
<td><strong>POCL (Standalone)</strong></td>
<td><strong>Description / Note</strong></td>
</tr>
<tr>
<td>Paid-up Capital</td>
<td>5,000.00</td>
<td>1,525.56</td>
<td>Both entities are involved in the scheme of amalgamation.</td>
</tr>
<tr>
<td>Net Worth</td>
<td>(1,241.74)</td>
<td>79,985.29</td>
<td>The Net Worth reflects the financial standing prior to the merger.</td>
</tr>
<tr>
<td>Revenue from Operations</td>
<td>26.87</td>
<td>2,93,865.30</td>
<td>Turnover revenue data for both companies.</td>
</tr>
</tbody>
</table>

Harsha Exito Engineering Private Limited (HEEPL) is engaged in the business of recycling non-ferrous metals, plastics, and other special engineering components. Pondy Oxides and Chemicals Limited (POCL), the Transferee Company, operates in the manufacturing of lead metals and alloys, copper, and other non-ferrous metals and Plastics.

The rationale provided for the proposed scheme of amalgamation centers on enhancing corporate efficiency and value creation for all stakeholders of the combined entity. Key reasons include:

• Business Consolidation: The amalgamation aims to consolidate the business, assets, liabilities, and operations of HEEPL with those of POCL, simplifying the existing corporate structure by eliminating the need to maintain a separate wholly owned subsidiary undertaking similar activities.
• Operational Efficiency: By streamlining decision-making processes and achieving unified management oversight, the merger is expected to lead to better, more efficient, and economical management and control.
• Strategic Growth: The integration is intended to result in economies of scale, improved operational efficiency through optimized cash flow and debt management, and seamless access to cash flows generated by the combined businesses.

In terms of shareholding and consideration, since HEEPL is a wholly owned subsidiary of POCL, the scheme does not involve the issue of new shares or payment in cash from POCL in exchange for shares held in HEEPL. Consequently, there will be no change in the Shareholding Pattern of the listed entity following the amalgamation.

POCL Stock Price Movement​

Shares of Pondy Oxides & Chemicals Limited shed value today, closing at ₹531.2 after slipping 3.81%. The stock saw a traded volume of 457,371 shares as it settled, remaining within the day's range.