Corporate Action26 May 2026, 07:11 pm
Pondy Oxides Approves Share Split, Appoints Additional Director
AI Summary
Pondy Oxides & Chemicals Ltd's board approved a share split from ₹5 to ₹2 face value, subject to shareholder approval via postal ballot. They also approved altering the MOA to reflect the split. Mr. Hemant Jawahar Lal was appointed as an Additional Non-Executive Independent Director for 5 years, also subject to shareholder approval. Mr. Ashish Bansal is now Chairman and Managing Director.
Key Highlights
- Pondy Oxides board approves sub-division/split of existing equity shares.
- Share split ratio: Two ₹5 shares into five ₹2 shares, pending shareholder approval.
- Mr. Hemant Jawahar Lal appointed as Additional Non-Executive Independent Director.
- Ashish Bansal appointed Chairman and Managing Director of the company.
- Board approved Postal Ballot Notice for shareholder approval on key matters.
Price Impact
More from PONDYOXIDE