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Pondy Oxides & Chemicals Ltd. Company History and Annual Growth Details

Pondy Oxides and Chemicals Ltd [POCL] was incorporated on 21st March 1995 and obtained certificate of commencement of business on 31.03.1995.

Mr R D Bansal, promoted Pondy Oxides and Chemicals, a partnership firm which was constituted on 27th November 1992 and commenced commercial operations in July 1993. The firm started its activities in trading of zinc oxide and lead sub-oxide. Subsequently it started the manufacture of zinc oxide by putting up a manufacturing facility in Pondicherry.

- Company has splits its Face value of Shares from Rs 10 to Rs 2

-Pondy Oxides & Chemicals Ltd Issues Rights in the Ratio of 2:3

-The Company has issued Bonus Shares in the Ratio of 1:10.
-Company has Consolidates its Face value of Shares from Rs 2 to Rs 10

- Pondy Oxides & Chemicals Ltd has appointed Mr. P N Sridharan as Additional Director of the Board w.e.f. April 24, 2008.

-Registered Office of the Company has been shifted To KRM Centre, 4th Floor,No.2, Harrington Road,Chetpet, Chennai - 600 031.

- The Company has recommended dividend of 10% .

- The company has approved the purchase of 1.36 acres of land at Kancheepuram District, Tamilnadu for a consideration of Rs. 207.50 lacs for its future expansion programme.
- The Comapny has considered and approved the proposal for de-merger of four units of the Company namely Unit I -MOD, Unit II-PAD, Unit V-ZRD, Unit VI-ARD with the wholly owned subsidiary of the Company, POCL Enterprises Ltd.

- Pondy Oxides & Chemicals Ltd. has submitted Draft Scheme in respect of the Demerger of four units of the Company with its wholly Owned Subsidiary Company M/s. POCL Enterprises Ltd.