Pondy Oxides & Chemicals Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Mr. Ashish Bansal, Promoter and Managing Director of Pondy Oxides & Chemicals Limited, acquired 21,07,244 equity shares representing 6.91% of total equity share capital through transmission (inheritance) from Late Mr. Anil Kumar Bansal on 6th April 2026. The acquisition was exempt from open offer requirements under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011. Following this transmission, Mr. Ashish Bansal's holding increased from 46,38,900 shares (15.20%) to 67,46,144 shares (22.11%) of the company's equity share capital. This appears to be a case of inheritance by the son following the father's death.
Promoter holding increased significantly from 15.20% to 22.11%, representing a 6.91 percentage point increase. This strengthens promoter control in the company and crosses the 20% threshold, though remaining below the 25% trigger point.