Pondy Oxides: Share Split from ₹5 to ₹2 Face Value

Pondy Oxides & Chemicals Ltd's board approved the sub-division/split of existing equity shares from 2 shares with a face value of ₹5 each into 5 shares with a face value of ₹2 each, subject to shareholder approval via postal ballot. The record date will be decided post-approval. The board also approved altering the Memorandum of Association to reflect the split and appointed Mr. Hemant Jawahar Lal as an Additional Non-Executive Independent Director for 5 years, also subject to shareholder approval. Mr. Ashish Bansal is now Chairman and Managing Director.