Pondy Oxides and Chemicals Ltd Sets Record Date for Equity Share Subdivision
Pondy Oxides and Chemicals Ltd has set a record date for the sub-division of its equity shares, following a resolution passed by the Board of Directors. The corporate action involves converting existing equity shares into a new structure to determine eligible shareholders.The Company has fixed Tuesday, July 2, 2026, as the record date for determining eligibility concerning the subdivision of its current equity shares. This action relates to the conversion process where two fully paid-up equity shares, each having a face value of Rs. 5, will be sub-divided into five fully paid-up equity shares, each with a face value of Rs. 2.
The plan for the share subdivision was approved by Shareholders via Postal Ballot on July 2, 2026. The details concerning the security and the purpose of the record date are summarized below:
| Scrip Code / Symbol | Type of Security | Record Date | Purpose |
|---|---|---|---|
| 532626 POCL | Equity Shares | Tuesday, July 2, 2026 | Determining the eligibility of shareholders for Subdivision/Split of existing equity shares. The conversion is such that two equity shares having face value of Rs. 5 will be sub-divided into five equity shares having a face value of Rs. 2. |
The board approved the decision through Circular Resolution, paving the way for the transformation in share structure.
POCL Stock Price Movement
Shares of Pondy Oxides & Chemicals Limited shed value, closing down 0.20% at ₹1428.9 after trading today. The equity recorded a total volume of 166,698 shares throughout the session.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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