Pondy Oxides & Chemicals Limited shareholders have approved the sub-division of existing equity shares and the alteration of the capital clause of the Memorandum of Association through a postal ballot process that concluded on July 02, 2026. The voting results also sanctioned the appointment of Mr. Hemant Jawahar Lal as a Non-executive Independent Director and the re-designation of Mr. Ashish Bansal as the Chairman and Managing Director of the company.

The remote e-voting facility was open from June 03, 2026, to July 02, 2026, for members whose names appeared in the Register of Members as on the record date of May 29, 2026. A total of 206 members cast their votes electronically on the four special business items. The scrutinizer, M/s. KSM Associates, confirmed that all resolutions were passed with the requisite majority.

The proposal to split the existing equity shares received 99.999% approval, with 13,073,535 votes in favour and 12 against. Similarly, the alteration of the capital clause was approved with 13,073,369 votes in favour and 128 against. Both resolutions were ordinary resolutions.

The appointment of Mr. Hemant Jawahar Lal (DIN: 11731104) as a Non-executive Independent Director, a special resolution, secured 99.999% approval with 13,072,394 votes in favour and 1,103 against. The re-designation of Mr. Ashish Bansal (DIN: 01543967) as Chairman and Managing Director was also passed as a special resolution, receiving 3,191,454 votes in favour and 122 against. Notably, 9,881,921 votes from the Promoter Group and Related Parties were excluded from this resolution in accordance with Regulation 23(4) of the SEBI LODR Regulations.

The detailed voting results and the scrutinizer's report have 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.

Voting Results Summary

Ms. Manju Bansal, a promoter of Pondy Oxides and Chemicals Limited , sold 2.95% of her equity shareholding in the company through an open market transaction on June 29, 2026. The sale of 9,00,000 equity shares was executed on the National Stock Exchange of India Limited and BSE Ltd, reducing her total stake in the company to 4.34%.

The disclosure was submitted to the exchanges on June 30, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. Prior to the disposal, Ms. Manju Bansal held 22,23,308 shares, representing 7.29% of the company's total paid-up capital. Following the transaction, her shareholding decreased to 13,23,308 shares.

Details of Shareholding Change

The table below outlines the specifics of the transaction and the resulting change in the promoter's shareholding:

The filing confirmed that the total equity share capital of the company remains Rs. 15,25,56,395, comprising 3,05,11,279 equity shares of Rs. 5 each. The disclosure was signed by K. Kumaravel, Director Finance & Company Secretary of Pondy Oxides and Chemicals Limited.