Lead, lead alloys and plastic additives producer Pondy Oxides & Chemicals has fixed July 21 (Tuesday) as the record date for its 2:5 stock split, effectively making today (Monday) the last day for interested investors to buy the shares of the company to be eligible for the corporate action.
According to SEBI's T+1 settlement cycle, investors must buy a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by Tuesday, making them eligible for the stock split.
All about Pondy Oxides & Chemicals stock split
Pondy Oxides & Chemicals, which claims to be India's largest secondary lead manufacturer and a pioneer in lead alloys, announced in May that its board of directors approved the plan to split two shares of the company with a face value of Rs 5 each into five shares with a face value of Rs 2 each.
The company said the rationale behind the stock split was to enhance the liquidity of its shares and encourage participation from small investors by making the stock more affordable to buy. After the stock split, the company’s authorised capital of 4.03 crore shares would split into 10.07 crore shares.
Pondy Oxides & Chemicals announced earlier this month that it has fixed July 21 (Tuesday) as the record date to determine shareholder eligibility for the stock split.
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What this means for Pondy Oxides & Chemicals shareholders
While the number of outstanding shares increases, the company’s overall market capitalisation remains unchanged. A lower share price can make the stock more accessible to retail investors, potentially improving participation and trading volumes.
If an investor owns 200 shares of Pondy Oxides & Chemicals worth Rs 100 each, she would see that get split into 500 shares worth Rs 40 each. However, there would be no change to the total value of her holding, which stands at Rs 20,000.
Pondy Oxides & Chemicals share price
Pondy Oxides & Chemicals shares dropped more than 5% in one week but gained over 1% in one month. The stock has overall declined 11% in 2026 so far.
In the longer term, the stock has delivered 37% returns over one year and over 580% in three years. The company has a market capitalisation of Rs 4,120 crore.
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