Pondy Oxides and Chemicals Limited submitted a clarification regarding the recommendation of its final dividend for the financial year.
The Board of Directors, in their meeting held on May 26, 2026, initially recommended a dividend on equity shares at the rate of 100%, which equated to ₹5 per equity share (face value of ₹5 each).
This initial recommendation was made before adjusting for a subsequent corporate action. The company's shareholders passed an ordinary resolution through a Postal Ballot on July 02, 2026, to sub-divide (stock split) the equity shares from a face value of ₹5 each to a new face value of ₹2 each.
Consequent to this stock split, the Board of Directors, at its meeting held on August 4, 2026, modified the dividend amount. While approving the Notice of the Annual General Meeting (AGM), the Board revised the absolute dividend per share from ₹5 to ₹2. This revised amount corresponds to the new face value of ₹2 per share. The rate of dividend, expressed as a percentage of the face value, continues to remain unchanged at 100%.
Communication of Information
This modification and clarification regarding the dividend were communicated to shareholders through two primary documents submitted to the stock exchanges:
- The Annual Report, specifically under the 'Dividend' sub-heading within the Board's Report section, which was issued on August 25, 2026.
- The Notice of the Annual General Meeting, which includes the agenda for shareholder approval of the final dividend.
The letter was signed by K. Kumaravel, Director Finance & Company Secretary of Pondy Oxides and Chemicals Limited.