Pondy Oxides & Chemicals Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve Further to our Board ....
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Pondy Oxides & Chemicals Ltd has issued an addendum to its previously announced board meeting scheduled for 26th May 2026. The meeting will now also consider a proposal to subdivide or split the existing equity shares of the company. Currently, the shares have a face value of Rs. 5/- each and are fully paid up. This stock split would increase the number of shares while reducing the per-share face value proportionally. The company has also indicated other business matters may be discussed. This is an advance disclosure to comply with SEBI regulations requiring listed companies to inform exchanges about material board decisions in advance.
A stock split typically increases liquidity by making shares more affordable for retail investors while maintaining the total market capitalization. Current shareholders will receive more shares at a proportionally lower price, with no change in total investment value.