StockWatch
·
Ferro & Silica Manganese
Clarification28 Aug 2026, 03:41 pm

Pondy Oxides Clarifies Dividend Post Share Split

AI Summary

Pondy Oxides & Chemicals Ltd has issued a clarification regarding its final dividend recommendation. Initially, the Board recommended a dividend of 100% (₹5 per share) on May 26, 2026. However, following a share sub-division from ₹5 to ₹2 per share, approved on July 02, 2026, the dividend amount per share was revised. The Board, in its meeting on August 4, 2026, adjusted the dividend to ₹2 per equity share, maintaining the 100% rate on the new face value. This information was communicated in the Annual Report on August 25, 2026.

Key Highlights

  • Final dividend rate remains 100% of face value.
  • Dividend per share revised from ₹5 to ₹2 post share sub-division.
  • Share sub-division effective from July 02, 2026.
  • Clarification provided in Annual Report and AGM notice.