Pondy Oxides and Chemicals Limited disclosed outcomes from its Board of Directors meeting held on 26th May 2026 from 03:00 PM to 05:00 PM. The disclosure is made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Key Decisions Approved:

1. Stock Split/Sub-division of Equity Shares

  • Approved alteration of capital through sub-division/split of existing equity shares
  • Current structure: 2 equity shares of face value Rs. 5 each will be split into 5 equity shares of face value Rs. 2 each
  • Subject to shareholder approval through Postal Ballot
  • Record date to be determined after shareholder approval

Capital Structure Impact:

  • Authorized Capital: Remains unchanged at Rs. 20,15,00,000
  • Pre-split: 4,03,00,000 shares × Rs. 5 = Rs. 20,15,00,000
  • Post-split: 10,07,50,000 shares × Rs. 2 = Rs. 20,15,00,000
  • Paid-up & Subscribed Capital: Remains unchanged at Rs. 15,25,56,395
  • Pre-split: 3,05,11,279 shares × Rs. 5 = Rs. 15,25,56,395
  • Post-split: 7,62,78,198 shares × Rs. 2 = Rs. 15,25,56,395

Rationale: To enhance liquidity of the company's equity shares and encourage participation of small investors by making shares more affordable.

Expected Timeline: Completion within 2 months from shareholders' approval through Postal Ballot.

2. Alteration of Memorandum of Association

  • Approved alteration of Capital Clause (Clause V) of MOA to reflect the new capital structure post-split
  • Subject to shareholder approval through Postal Ballot
  • The amended clause will specify authorized share capital of Rs. 20,15,00,000 divided into 10,07,50,000 equity shares of Rs. 2 each

3. Director Appointments

  • Mr. Hemant Jawahar Lal (DIN: 11731104) appointed as Additional Director in capacity of Non-Executive Independent Director with immediate effect
  • Term: 5 years, subject to shareholder approval through Postal Ballot
  • Mr. Ashish Bansal (DIN: 01543967) designated as Chairman and Managing Director
  • Terms and conditions remain unchanged from original appointment/reappointment already approved by shareholders

4. Postal Ballot Process

  • Board approved Postal Ballot Notice for seeking shareholder approval for all above matters
  • Notice will be circulated to shareholders in due course as per applicable rules

Additional Information:

  • The disclosure includes Annexure with details as required under SEBI Circular No. SEBI/HO/CFDIPoD2/CIR/P/0155 dated 11th November 2024
  • The stock split applies only to Equity Shares class
  • No shareholders will be left without shares in the subdivision process (not applicable)