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 ....
POCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pondy Oxides & Chemicals Ltd has approved a stock split/sub-division of its equity shares. Each existing share with face value of Rs. 5 will be divided into 5 shares with face value of Rs. 2 each. The company's paid-up capital remains unchanged at Rs. 15.25 crore, but the number of shares will increase from 3.05 crore to 7.63 crore shares. The split is aimed at enhancing liquidity and making shares more affordable for small investors. The proposal requires shareholder approval through Postal Ballot, and the record date will be announced later. The split is expected to be completed within 2 months of shareholder approval. The company also announced appointment of a new independent director and changes in leadership roles.
For shareholders, this split increases the number of shares they hold while maintaining the same total investment value. The reduced per-share price should improve affordability and potentially attract more retail investors, though the actual market impact depends on how the stock price adjusts post-split.