Ashish Bansal Acquires 52.68 Lakh Shares in Pondy Oxides via Transmission

Ashish Bansal, Chairman & Managing Director and Promoter of Pondy Oxides & Chemicals Ltd, has acquired 52,68,110 equity shares of face value Rs. 2/- through transmission from the late Mr. Anil Kumar Bansal. This acquisition falls under the exempted category of transmission/succession as per SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Consequently, there has been no change in the consolidated shareholding of the Promoter and Promoter Group. The transmission resulted in Mr. Bansal's shareholding increasing from 15.20% to 22.11% of the total share capital.