Pondy Oxides & Chemicals Limited has informed the Exchange that the Board of Directors at its meeting held on May 26, 2026, has considered and approved Sub-Division/ Split of existing equity shares of the company from 2 equity share having face value of Rs. 5/- each fully paid up into 5 equity share having face value of Rs. 2/- each fully paid up, subject to approval of the shareholders through Postal Ballot.
POCL · price
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On the reaction day the stock moved 8.2 pts less than Nifty Microcap 250 and 8.5 pts less than its Metals & Mining peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors has approved a stock split where existing 2 equity shares of Rs. 5 face value each will be subdivided into 5 equity shares of Rs. 2 face value each. This effectively doubles and a half the number of shares while maintaining the same total investment value. The paid-up capital remains unchanged at Rs. 15.25 crore, with the number of shares increasing from approximately 3.05 crore to 7.63 crore. The split aims to enhance liquidity and make shares more affordable for small investors. The proposal requires shareholder approval via Postal Ballot and is expected to complete within 2 months of that approval. The company also appointed Mr. Hemant Jawahar Lal as an Additional Independent Director and elevated Mr. Ashish Bansal to Chairman and Managing Director.
The stock split is generally positive for retail investors as it lowers the per-share price, making the stock more accessible and potentially improving trading liquidity. Total investment value remains unchanged since the number of shares increases proportionally.