Pondy Oxides fixes July 21 record date for share split
Pondy Oxides and Chemicals Limited has fixed July 21, 2026, as the record date for the sub-division of equity shares from ₹5 to ₹2 face value, following shareholder approval. The postal ballot also approved the appointment of a Non-executive Independent Director and the re-designation of the Chairman and Managing Director.
*this image is generated using AI for illustrative purposes only.
Pondy Oxides and Chemicals Limited has fixed Tuesday, July 21, 2026, as the record date to determine shareholder eligibility for the sub-division of equity shares. The Board of Directors approved the date through a circular resolution pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015. This follows the shareholders' approval of the split through a postal ballot process that concluded on July 02, 2026.
The approved sub-division scheme involves splitting each existing equity share with a face value of ₹5 each into equity shares with a face value of ₹2 each. The new shares will rank pari-passu in all respects. The postal ballot voting results, scrutinized by M/s. KSM Associates, showed overwhelming support for the proposal, with 99.999% of votes in favour.
Shareholders also sanctioned the appointment of Mr. Hemant Jawahar Lal as a Non-executive Independent Director and the re-designation of Mr. Ashish Bansal as Chairman and Managing Director. The remote e-voting facility was open from June 03, 2026, to July 02, 2026, for members on the Register of Members as of May 29, 2026.
Voting Results Summary
| Resolution | Type | Votes In Favour | Votes Against | % In Favour |
|---|---|---|---|---|
| Sub-division of equity shares | Ordinary | 13,073,535 | 12 | 99.999% |
| Alteration of capital clause | Ordinary | 13,073,369 | 128 | 99.999% |
| Appointment of Hemant Jawahar Lal | Special | 13,072,394 | 1,103 | 99.999% |
| Re-designation of Ashish Bansal | Special | 3,191,454 | 122 | 99.996% |
The detailed scrutinizer's report has been uploaded on the company's website. The process was conducted in accordance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Pondy Oxides & Chemical
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.28% | -2.84% | -6.13% | +2.37% | -9.59% | +560.24% |
How will the reduction in face value impact the liquidity and trading volume of Pondy Oxides shares?
What strategic growth initiatives does the new Chairman and Managing Director plan to prioritize following his re-designation?
Will the sub-division of shares make the stock more attractive to retail investors in the upcoming quarters?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
