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Pondy Oxides & Chemicals gets nod to raise funds up to Rs 250 crore

23 Sep 2024 Evaluate

Pondy Oxides & Chemicals (POCL) has received approval for raising of funds by way of issuance of equity shares and / or any other eligible securities of the Company, in one or more tranches, through Qualified Institutional Placement (QIP) in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time (SEBI ICDR Regulations), and other applicable law, to such investors that may be permitted to invest in such issuance of securities, in such manner and on such price, terms and conditions, in accordance with the SEBI ICDR Regulations, applicable provisions of the Companies Act, 2013 and Rules made thereunder, as amended in each case, for an aggregate amount not exceeding Rs 250 crore, at such time and interval as may be decided by the Board or a duly constituted committee thereof, subject to such regulatory/ statutory approvals as may be required, including the approval of the Shareholders of the Company. The Board of Directors in their meeting held on September 23, 2024, had inter-alia approved the same. 

Pondy Oxides & Chemicals (POCL) the leading Secondary Lead Smelter in India. POCL produces the highest quality lead and lead alloys and PVC additives which are supplied to its customers who are mainly battery manufacturers, chemical manufacturers and PVC extruded and moulded products.


Pondy Oxides & Chem. Share Price

1357.15 -11.15 (-0.81%)
23-Jun-2026 16:59 View Price Chart
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