Rs 5/Sh Dividend, 1:2 Split: Chemicals Stock Sets Sept 11 As Record Date, Shares Rise 184% YTD

Pondy Oxides & Chemicals Ltd shares witnessed decline of over 6% on August 9, 2024 on BSE to settle at Rs 1410.75 per share. Board of Pondy Oxides on August 8, 2024 approved 1:2 stock split implying one share will be split into two new shares as on the record date. The company also fixed September 11, 2024 as the record date for Rs 5/- per share for the financial year 2023-24. Pondy Oxides shares 184% so far in 2024. Check details below:

Pondy Oxides Approves Stock Split: As per the BSE filing of Pondy Oxides dated August 8, 2024, "alteration of the capital of the Company by sub-division/split of existing equity share of the Company from 1 (One) equity share having face-value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 2 (Two) equity shares having face value ofRs. 5/- (Rupees Five only) each, fully paid-up which shall be subject to the approval of the Shareholders in the ensuing Annual General Meeting (AGM)."

The record date for the purpose of the above sub-division/split of Equity Shares shall be decided after obtaining approval of the shareholders in the ensuing AGM and will be intimated in due course, added the BSE filing.

Pondy Oxides Sets Record Date For Dividend: The exchange filing of Pondy Oxides issued as on August 8, 2024, "we would like to inform that the Register of Members will remain closed from Thursday, 12th September 2024 to Wednesday, 18th September 2024 (both days inclusive) for the purpose of 29th Annual General Meeting and fixed the Record date on Wednesday, 11 th September 2024 for the purpose of ascertaining the shareholders eligible for receiving the dividend."

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 1599.00 per share (as on 06/08/2024) and 52-week low price is Rs 378.00 per share (as on 14/08/2023), respectively. Pondy Oxides & Chemicals shares rallied 49% in last 1-month, rose 100% in last 3-months, soared 184% year-to-date, and offered return of 194% in last 1-year. Pondy Oxides shares jumped 315% in last 2-years and 1361% in last 5-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 a leading 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.

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