Pondy Oxides & Chemicals Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 '.
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Pondy Oxides & Chemicals Limited disclosed that Mr. Ashish Bansal, Promoter and Managing Director, acquired 21,07,244 equity shares (6.91% of total equity) by way of transmission from Late Mr. Anil Kumar Bansal (Promoter, Chairman & Whole-time Director). The transmission occurred on 1 April 2026. Prior to this, Ashish Bansal held 46,38,900 shares (15.20%). After the transmission, his holding increased to 67,46,144 shares (22.11%). This is a mandatory disclosure under SEBI's Insider Trading Regulations, filed on 6 April 2026.
Ashish Bansal's promoter stake increased significantly to 22.11%, narrowing the gap toward the 25% creeping acquisition threshold under SEBI Takeover Regulations. This represents a substantial consolidation of promoter holding and may signal continued accumulation intent.