Pondy Oxides and Chemicals Limited Announces Equity Share Subdivision Plan
Pondy Oxides & Chemicals Limited has announced plans for a sub-division or split of its equity shares, following approval by shareholders via Postal Ballot on July 2, 2026. The company's board has established the necessary dates to execute this corporate action.The move involves converting the existing fully paid up equity shares into new shares at a lower face value. Currently, each equity share holds a face value of Rs 5 (Rupees Five only). This share will be sub divided or split into requisite number of new equity shares having a face value of Rs 2 (Rupees Two only). The new shares are set to rank pari-passu in all respects with the existing shares.
The key details regarding this corporate action, including the financial transformation and important timelines, are as follows:
| Scrip Code/Symbol | Type of Security | Record Date | Purpose |
|---|---|---|---|
| 532626 POCL | Equity Shares | Tuesday, July 21, 2026 | Determining shareholder eligibility for the Subdivision/Split from Rs 5 to Rs 2 |
The Board of Directors confirmed that the record date has been fixed for determining eligible shareholders. This date is set as July 21, 2026, ensuring a structured transition for all equity holders during the planned sub-division or split process.
POCL Stock Price Movement
Settling post-market today, shares of Pondy Oxides & Chemicals Limited edged higher by 0.91% to close at ₹1437. The stock managed a stable trading day after reaching an intraday high of ₹1442 and finding support near the ₹1412.1 level.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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