Stock sub-division record date fixed at 21 July 2026
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Pondy Oxides & Chemicals has fixed 21 July 2026 as the record date for a sub-division of equity shares. Each existing share with face value of Rs. 5 will be split into shares with face value of Rs. 2. Shareholders on record as of 21 July 2026 will be eligible. The move was approved by shareholders through postal ballot on 2 July 2026. Exact split ratio is to be determined. This is a sub-division only; share price will adjust lower in proportion while total holdings remain the same in value.
Share price adjusts lower in proportion; total investment value unchanged. Lower face value may improve liquidity and make shares more affordable for retail buyers.