Pondy Oxides & Chemicals Ltd today fixed October 16, 2024 as the record date for 1:2 stock split. Board of Directors of Pondy Oxides also gave nod to raise fund using issue of shares in one or more tranches via qualified institutional placements (QIP) for a total amount not exceeding Rs 250, as per the BSE filing of the company. Last trading price of Pondy Oxides & Chemicals Ltd shares on BSE is Rs 2033.75 per share. The company’s market capitalisation stood at Rs 2,564.76 crore. Pondy Oxides shares slipped over 7% in last 2-weeks and gained 310% year-to-date. Check details below:

Pondy Oxides & Chemicals Ltd Sets Record Date For 1:2 Stock Split: As per the exchange filing of Pondy Oxides & Chemicals Ltd dated September 23, 2024, “Board of Directors of the Company in their meeting held today, i.e., 23rd September 2024 at 03.00 P.M. (1ST), have fixed the Record date on Wednesday, 16th October 2024 for the purpose of determining the eligible shareholders of the Company for Sub-division / Split of the existing equity shares of the Company such that 1 ( one) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up be sub-divided into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each fully paid-up, ranking pari-passu in all respects which was duly approved by the Shareholders in the Annual General Meeting on 18th September 2024.”

Pondy Oxides & Chemicals Gets Board’s Approval For Fund Raising: The exchange filing added, “raising of funds by way of issuance of equity shares and / or any other eligible securities of the Company, in one or more tranches, through Qualified Institutional Placement (QIP) in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time (“SEBI ICDR Regulations”), and other applicable law, to such investors that may be permitted to invest in such issuance of securities, in such manner and on such price, terms and conditions, in accordance with the SEBI ICDR Regulations, applicable provisions of the Companies Act, 2013 and Rules made thereunder, as amended in each case, for an aggregate amount not exceeding Rs. 250 Crores, at such time and interval as may be decided by the Board or a duly constituted committee thereof, subject to such regulatory/ statutory approvals as may be required, including the approval of the Shareholders of the Company.”

Pondy Oxides Dividend In 2024: The company fixed September 11, 2024 as the record date for Rs 5/- per share for the financial year 2023-24. Earlier on May 28, 2024 Board of Directors of the Company at their meeting held on 28th May 2024, recommended the payment of Final Dividend of 50% @ Rs. 5/- per share, for the Financial Year 2023-24, subject to the approval of Shareholders at the ensuing Annual General Meeting.

Pondy Oxides Shares Performance: The 52-week high price of Pondy Oxides & Chemicals shares on BSE is Rs 2382.05 per share (as on 05/09/2024) and 52-week low price is Rs 393.00 per share (as on 27/12/2023), respectively. Pondy Oxides & Chemicals shares gained 163% in last 3-months, surged 344% in last 1-year, and offered return of 875% in last 3-years.

Pondy Oxides & Chemicals Q1 Results: The company announced its net sales at Rs 444.94 crore for the quarter ended June 2024 as against the net sales of Rs 324.94 crore in the corresponding quarter of last year. Its net profit for June 2024 quarter announced at Rs 12.96 crore, up 215.9% as against Rs 4.10 crore announced in similar quarter of last year. The company’s EBITDA for the quarter under review stood at Rs 23.76 crore, up 76% from Rs 13.49 crore in June 2023. EPS of Pondy Oxides declared at Rs 10.27 in June 2024 as compared to Rs 3.53 in June 2023.

About: Pondy Oxides and Chemicals Ltd. is India’s largest secondary Lead manufacturer and a pioneer in Lead Alloys Incorporated in the year 1995. Currently, POCL is in the process of expanding its capacity in Lead and Lead Alloys by establishing yet another state of the art smelter in South India. POCL promises to add value to each and every stakeholder by delivering value through its continuous improvement process, investments and technology upgradation keeping at par with international standards, according to its official website.

Disclaimer: The stock highlights the stock split, dividend, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.

Story first published: Monday, September 23, 2024, 23:10 [IST]