Pondy Oxides & Chemicals Limited held its 31st Annual General Meeting on September 22, 2026, via Video Conferencing. Shareholders voted to approve all four ordinary resolutions proposed during the session, including the adoption of financial statements and a final dividend declaration.

The meeting was chaired by Ashish Bansal, Chairman and Managing Director. Key management personnel, including Director Finance and Company Secretary K Kumaravel, Chief Financial Officer B Vijay, and independent directors A Vijay Anand, Dr M Ramasubramani, and Ms Shanti Balamurugan, attended virtually. The Chairman declared that the required quorum was present before calling the meeting to order.

Voting outcomes on key resolutions

The e-voting results, scrutinized by KSM Associates, confirmed overwhelming support for the board's proposals. The resolution to adopt the Standalone and Consolidated Audited Financial Statements for FY26 passed with 99.9998% votes in favour. Similarly, the declaration of a final dividend of ₹2 per equity share (100% of face value) was approved with 99.9995% support.

A notable divergence appeared in the reappointment of Director K. Kumaravel. While promoters voted unanimously in favour, institutional investors cast 313,440 votes against his reappointment, representing 3.55% of the institutional votes polled. Despite this dissent, the resolution passed with 99.22% overall support.

Compliance and procedural details

The company adhered to the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Due to the virtual format, physical presence was dispensed with, meaning shareholders joining via video conferencing were counted towards the quorum. Consequently, the facility for appointing proxies was not available for this meeting.

Relevant statutory registers were made available for inspection in electronic mode on the company’s website. Shareholders exercised their voting rights through an e-voting facility provided by Central Depository Services Limited (CDSL). The remote e-voting period ran from September 19, 2026, to September 21, 2026, with additional voting allowed during the AGM.

Auditor and scrutinizer participation

Representatives from statutory and secretarial audit firms participated in the proceedings to ensure transparency and compliance. The following professionals attended:

Kumaravel introduced the attendees and facilitated the transition to the Chairman’s address. The proceedings covered standard corporate governance disclosures, including the introduction of directors and key managerial personnel.

What the numbers show

The voting data highlights a distinct split in shareholder sentiment regarding director reappointments versus routine approvals. While financial statements and dividends received near-unanimous backing from both promoter and public categories, the reappointment of K. Kumaravel saw significant opposition from institutional investors. Institutions held 97,74,571 shares and voted against the reappointment with 313,440 votes, whereas non-institutional public shareholders largely supported the move with only 112 votes against. This suggests that while retail investors aligned with the management, institutional stakeholders raised specific concerns regarding the director's continuation.

Pondy Oxides & Chemicals Limited will host a virtual analyst and institutional investor meeting on Wednesday, September 16, 2026. The session is part of the GIA Recycling Day group meeting.

The company disclosed the schedule pursuant to Regulation 30 of the Securities and Exchange Board of India (LODR) Regulations, 2015. The meeting aims to provide updates to stakeholders without sharing any Unpublished Price Sensitive Information (UPSI).

Meeting Details

The virtual session is organized as a group meeting under the banner of GIA Recycling Day. The schedule remains subject to change based on exigencies involving the investor or broking house.

K. Kumaravel, Director Finance and Company Secretary, confirmed the disclosure. The company emphasized that no UPSI will be shared during the interaction.