The Board of Directors in their meeting held today, 26th May 2026 have inter-alia approved the following:- 1) Alteration of Capital of the Company by way of Sub-division/ Split of its ....
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Pondy Oxides & Chemicals board has approved splitting its equity shares from 2 shares of Rs. 5 face value each into 5 shares of Rs. 2 face value each (effectively 2.5 new shares per existing share). The paid-up capital remains Rs. 15.26 crore with shares increasing from 3.05 crore to 7.63 crore post-split. The move aims to enhance liquidity and make shares more affordable for small investors. The split is subject to shareholder approval via Postal Ballot, expected to complete within 2 months. The company also appointed a new Independent Director and elevated Mr. Ashish Bansal as Chairman & Managing Director.
Stock splits typically boost liquidity and retail participation by reducing per-share cost, which may support wider investor base and volume growth. No immediate dilution as total capital remains unchanged.