Pondy Oxides Board Approves Revised Dividend of ₹2 Post Share Sub-division
Pondy Oxides & Chemicals Limited revised its final dividend to ₹2 per equity share post share sub-division from ₹5 to ₹2. The dividend rate remains 100% of the face value. The company communicated this change on August 25, 2026, via its Annual Report and AGM Notice.
The change in dividend amount per share is a direct consequence of a share sub-division, not a change in the company's overall dividend policy or financial performance. Therefore, the impact is considered low.
The announcement is a clarification of a previously proposed dividend due to a share sub-division. While the absolute dividend amount per share has changed, the percentage of face value remains the same, indicating a neutral financial impact.
Pondy Oxides & Chemicals Limited (POCL) announced a clarification regarding its final dividend recommendation. Initially, the Board of Directors, in their meeting on May 26, 2026, recommended a dividend of 100% (₹5 per equity share of ₹5 each). This recommendation was made before the sub-division of equity shares from ₹5 each to ₹2 each, which was approved through a postal ballot on July 02, 2026.
Subsequently, the Board of Directors, while approving the Notice of the Annual General Meeting (AGM) on August 4, 2026, modified the dividend amount to ₹2 per equity share, reflecting the revised face value of ₹2 per equity share. The dividend rate continues to be 100% of the face value, but the absolute dividend per share has been revised from ₹5 to ₹2 due to the share sub-division.
This information was communicated via the Annual Report on August 25, 2026, under the "Dividend" sub-heading of the Board's report. It was also included in the Notice of the AGM submitted to the stock exchanges for the approval of the Final Dividend.
A plain-language summary of a public exchange filing by Pondy Oxides & Chemicals Limited. Read the original for the full detail.