Joining the list of Bonus Shares in August 2022, the Board of Directors of Pondy Oxides & Chemicals Limited has announced the issuance of 1:1 Bonus Shares. The Small-Cap Chemical Stock Board also fixed 14 September 2022 as the record date for the purpose of issuing bonus shares. The issue of bonus shares is subject to the approval of the shareholders of the company and the members of the Annual General Meeting (AGM).
inform the Indian Share Market Pondi Oxides & Chemicals Ltd., regarding the bonus share issue, said, “As per the provisions of Regulation 30 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors 10 In its meeting held on August 2022, it has been recommended to issue Bonus Shares of the Company in the ratio of 1:1 subject to the approval of the Shareholders, i.e. 1(a) new Bonus Equity Shares of Rs.101 each to be issued. (a) for existing equity shares 101- Held by each shareholder on the cut-off date i.e. 14th September 2022.”
The company board also fixed the record date for issue of bonus shares, “as per the provisions of Regulation 42 of SEBI (Listing and Disclosure)”.
Requirements) Regulations, 2015, we would like to inform that the record date for the purpose of issue of bonus shares has been fixed as 14th September 2022.”
Pondi Oxides & Chemicals share price
The BSE listed stock has given stellar northward momentum since entering 2022. In the past month, this chemical small-cap stock has risen from approx. from 540 690 each level, a delivery of over 25 percent in this time horizon. Similarly, in year-on-year (YTD) time, this small-cap BSE listed stock has risen from approx. 455 to 690 level, provides over 50 percent return to its shareholders over this time horizon.
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