Pondy Oxides stock split: record date, ratio in 2024

What the announcement is about

Pondy Oxides & Chemicals Ltd is set to carry out a stock split in a 2:1 ratio, after the company’s board approved the sub-division of equity shares. The split is structured as a change in face value from Rs 10 per share to Rs 5 per share, with shareholders receiving two shares for every one share held, post adjustment.

The update gained attention because the record date and ex-split date were specified around mid-October 2024, making the day before the ex-date the final trading session to buy shares to be eligible for the split benefit under the normal settlement cycle. The company was also expected to be in focus during the October 14-18 trading week due to the stock split and an upcoming Q2 results announcement for FY25, as stated in the provided information.

Board approval and split mechanics

The board of Pondy Oxides & Chemicals approved the stock split at a meeting held on 08 August 2024. Under the approved structure, one fully paid-up equity share with a face value of Rs 10 is sub-divided into two fully paid-up equity shares of Rs 5 each.

A stock split does not change the company’s underlying business or market capitalisation by itself. It increases the number of shares outstanding while reducing the face value per share proportionately. The information provided repeatedly confirms the operational treatment: “for every share held, the holder will receive 2 shares post the split adjustment.”

Record date and ex-split date: why timing mattered

The corporate action data in the provided text shows the ex-split date as 16 Oct, 2024, and also lists 16 Oct, 2024 as the record date in one of the split-history entries. Separately, another section states that Pondy Oxides announced a 2:1 stock split with October 16 as the record date, and adds that “today is the last chance to buy shares to benefit from the split,” in a context dated Oct 15, 2024.

That wording aligns with how corporate actions typically work in listed markets: eligibility is determined by shareholding as of the record date, and trades need to be completed by the cum-date to reflect in ownership by the record date. The text presented frames Oct 15, 2024 as the last session to buy for the split benefit, with Oct 16, 2024 as the ex-split date.

Another record date mentioned: dividend and AGM register closure

Apart from the stock split record date in October 2024, the article text also includes a separate corporate filing reference that fixes 11 September 2024 as a record date. However, this September record date is explicitly tied to a different purpose: determining eligible shareholders for receiving the dividend.

The same section states that the Register of Members would remain closed from 12th September 2024 to 18th September 2024 for the purpose of the company’s 29th Annual General Meeting. This is distinct from the stock split corporate action, and readers should treat the September record date as dividend-related, not split-related, based on the wording provided.

Fund-raising reference: QIP approval mentioned alongside split

The provided content also references that Pondy Oxides “gets board nod to raise INR 2.50 billion via QIP,” in the same headline cluster that discusses the stock split and record date. No additional details on QIP pricing, timetable, or approvals are included in the text provided.

Since the QIP point is presented as a board-level approval item, it is relevant context for investors tracking capital-raising and equity-related actions. But the supplied excerpt does not specify the next steps or timeline beyond the statement that the board nod was received.

Stock price reference in the supplied data

The provided text states: “Pondy Oxides share price is Rs 1,420.40 as on 03 Jul, 2026, 03:57 PM IST.” This is the only explicit price point included.

The text does not provide the share price on the ex-split date or around the announcement date, and it does not provide a return figure. As a result, any discussion of performance around the split window would be incomplete without additional data.

Key corporate action details at a glance

Split history: what the tables show

The text includes split-history information in multiple formats. One section states that Pondy Oxides & Chemicals “has split the face value 3 times since March 9, 2005,” and notes the last split from Rs 10 to Rs 5 in 2024, with ex-split basis from Oct. 16, 2024. Another table lists additional entries, including an item dated 26 May, 2026.

Below is a consolidation of the split-history entries exactly as they appear in the provided data (dates and face values shown as listed):

Market impact: what can be said from the provided facts

From the facts provided, the immediate market relevance is largely operational: investors needed to track the ex-split and record date to understand eligibility and how their holdings would be adjusted. The text also flags that the company would be in focus in the October 14-18, 2024 trading week because it would carry the stock split and announce Q2 results for FY25.

Beyond that, there is not enough verified market data in the excerpt to quantify the stock’s movement around the corporate action window. The only explicit trading reference is the share price of Rs 1,420.40 as of 03 July 2026, which is separated in time from the 2024 split event.

Why the development matters

Stock splits are primarily a capital-structure change that can affect per-share metrics and trading optics, without changing the intrinsic value on day one. In this case, the corporate action was paired with other shareholder-relevant items in the supplied text, including dividend eligibility (with a separate September record date) and a QIP fund-raising reference.

For investors following the stock, the key takeaway from the provided details is to distinguish between multiple record dates mentioned for different purposes, and to anchor the split mechanics to the clearly stated face value change and 2:1 entitlement.

Conclusion

Pondy Oxides & Chemicals’ 2:1 stock split was approved by the board on 08 August 2024 and structured as a sub-division from Rs 10 to Rs 5 per share, with Oct 16, 2024 shown as the ex-split date and record date for the split in the supplied data. Separately, the company also fixed 11 September 2024 as a record date for dividend eligibility and announced register closure dates tied to its AGM. The text also notes a board nod to raise INR 2.50 billion via QIP, and that the stock would be in focus during the October 14-18, 2024 trading week alongside its Q2 FY25 results announcement.