Pondy Oxides stock split record date set for July 2026

Record date fixed for share sub-division

Pondy Oxides & Chemicals Limited has announced Tuesday, 21 July 2026, as the record date for its upcoming stock split. Shareholders whose names appear in the company’s register of members or as beneficial owners in depositories as on that date will be eligible for the sub-division of equity shares. The company stated the record date is intended to determine shareholder eligibility for the corporate action. The decision finalises a key procedural requirement before the split is implemented. The company’s communication also reiterates that the split is a standard corporate action. It does not, by itself, alter the fundamental value of the business. Investors tracking the stock around this period are expected to focus on eligibility timelines.

What the stock split changes

Under the approved scheme, Pondy Oxides will split its existing equity shares having a face value of ₹5 each into equity shares having a face value of ₹2 each. The split ratio is 2 into 5, meaning for every 2 equity shares held, shareholders will receive 5 equity shares after the adjustment. The company noted that the new shares will rank pari-passu in all respects. This indicates that post-split equity shares will carry the same rights as the existing shares, including voting and dividend entitlements, subject to applicable rules. The key change is the number of shares outstanding and the face value per share. The paid-up capital of the company remains unchanged, as indicated in the postal ballot material. Only the denomination and count of shares are altered.

Board approval via circular resolution

The record date was approved by the Board of Directors through a circular resolution. The company also referenced Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in connection with fixing the record date. With the board action in place, 21 July 2026 becomes the reference point for determining who receives the benefit of the split. For shareholders, the record date is an operational marker used by exchanges and depositories to finalise entitlements. The company’s announcement positions this as the final procedural step in the stock split process. Investors planning trades around the record date typically monitor exchange timelines and corporate action updates.

Shareholder approval completed on 2 July 2026

The record date announcement follows shareholder approval secured through a postal ballot process that concluded on 2 July 2026. The postal ballot covered the sub-division of equity shares and related matters. The voting results were scrutinised by M/s KSM Associates, as disclosed by the company. The split and other resolutions received 99.999% approval, based on the published outcome summary. The company had earlier indicated the record date would be decided after shareholder approval. With that step completed, the record date has now been formally fixed.

Postal ballot and e-voting timeline

Pondy Oxides had scheduled remote e-voting from 3 June 2026 to 2 July 2026 to seek shareholder approval. The cut-off date for determining eligibility to vote was 29 May 2026. Central Depository Services (India) Limited (CDSL) was appointed as the e-voting agency. Mr. Krishna Sharan Mishra of M/s KSM & Associates was appointed as the scrutinizer for the process. The company had stated that postal ballot results would be declared on or before 6 July 2026. These procedural steps set the foundation for the record date announcement and the subsequent corporate action processing.

Capital clause and authorised share capital disclosure

As part of the resolutions, the company proposed alterations linked to the sub-division, including changes to the capital clause in the Memorandum of Association. The postal ballot material stated that the authorised share capital will increase to 10,07,50,000 equity shares following the restructuring. At the same time, the company specified that total paid-up capital remains unchanged at ₹15,25,56,395. Such disclosures are typically included to show how the number of shares changes while the overall paid-up value stays the same. For shareholders, this confirms that the split is a denomination change and not a capital-raising event.

Trading window closure for insiders

Separately, the company disclosed that it is closing its trading window from 31 March 2026. This step restricts trading by insiders until the financial results are approved. The company added that the trading window will reopen 48 hours after the board meeting in which the results are approved. While this disclosure is distinct from the stock split record date, it forms part of the company’s broader compliance updates during the same period. Market participants often track such notices for governance and disclosure discipline. The trading window framework is typically aligned to insider trading prevention rules.

Other governance updates referenced by the company

The company’s postal ballot notice also included corporate governance and management-related resolutions. It mentioned the appointment of Mr. Hemant Jawahar Lal as a Non-executive Independent Director. It also proposed the re-designation of Mr. Ashish Bansal as Chairman and Managing Director (CMD), along with a revised remuneration package. The CMD’s revised remuneration was described as effective from 1 August 2026. The remuneration structure included a basic salary of ₹3 crore per annum and a profit-based commission of up to ₹3 crore. The term referenced for the revised package was three years commencing 1 August 2026.

Split history context provided in the disclosures

The provided background also referenced that Pondy Oxides & Chemicals Ltd has split the face value of its shares multiple times since 2005. It stated the company had last split the face value from ₹10 to ₹5 in 2024, with the shares quoting on an ex-split basis from 16 October 2024. Earlier split events were listed for 2007 and 2005 as well. This historical context indicates that the company has previously used share denomination changes as a corporate action tool. The 2026 split will move the face value from ₹5 to ₹2. The record date for this round is now set as 21 July 2026.

Key details at a glance

What investors typically track around record dates

The company’s communication notes that a stock split does not change the fundamental value of the company. In practical terms, a shareholder’s proportional ownership remains the same after the split, subject to correct corporate action processing. The record date remains the key eligibility marker for receiving the revised number of shares. Investors typically verify that their holdings are settled and reflected in their demat accounts in time for record-date eligibility. Market participants also track exchange notices for the final schedule surrounding the split implementation. Separately, the company has asked investors to focus on business operations and financial performance for long-term assessment.

Conclusion

Pondy Oxides & Chemicals has fixed 21 July 2026 as the record date for its 2:5 stock split, converting ₹5 face value shares into ₹2 face value shares with pari-passu rights. The record date follows shareholder approval through a postal ballot concluded on 2 July 2026 with 99.999% support. Investors focused on eligibility will watch the record date closely and follow exchange and depository updates for the operational timeline. Beyond the corporate action, the company has also disclosed trading window restrictions and governance-related resolutions, including management and board changes that take effect as scheduled.