1:5 Stock Split Approved, Rs 2.5/Sh Dividend: Chemicals Stock Hits Upper Circuit

Small cap company operating in commodity chemicals industry, POCL Enterprises Ltd shares today hit 2% upper circuit. Current market price of POCL Enterprises shares on BSE is Rs 599.75 per share. Today, Board of Directors of the company approved stock split/sub-division of shares in the ratio of 1:5 and fixed record date for Rs 2.5 per share dividend. The company fixed October 25, 2024 as the record date for 1:5 stock split. POCL Enterprises shares offered return of 100% in last 6-months and gained 875% in last 2-years. Check key details below:

POCL Enterprises Approves Stock Split: As per the regulatory filing of POCL Enterprises dated August 1, 2024, "Subject to the approval of shareholders of the Company at the ensuing Annual General Meeting, the Board of Directors has approved sub-division of the existing one (1) Equity Share of face value of Rs. 10/- each, fully paid up, into five (5) Equity Shares of face value of Rs. 2/- each, fully paid up, ranking pari-passu in all respects.

POCL Enterprises Sets Record Date For Stock Split: The BSE filing added, "Further, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the record date for determining entitlement of Equity shareholder for the sub-division of equity shares has been fixed as October 25, 2024, if sub-division of equity shares is approved by the shareholders."

POCL Enterprises Fixes Record Date For Final Dividend: The company on May 29 recommended a final dividend of 25% (i.e., Rs.2.50/- per equity share of Re.10/- each) for the financial year ended March 31, 2024, subject to the approval of the shareholders. Today the company fixed August 30, 2024 as the record date for final dividend of Rs 2.50/- per share. The dividend if declared by the Members at the ensuing Annual General Meeting, shall be paid/dispatched within 30 days from the date of declaration i.e., on or before October 22, 2024.

POCL Enterprises Share Performance: The 52-week high price of POCL Enterprises shares on BSE is Rs 634.95 per share (as on 29/07/2024) and 52-week low price is Rs 170.00 per share (as on 09/11/2023), respectively. The company's market capitalisation stood at Rs 334.42 crore. POCL Enterprises shares gained 221% in last 1-year, soared 1081% in last 3-years, and offered return of 1840% in last 5-years.

About: POCL Enterprises Limited (POEL) came into existence in 1988. It is one of the leading Indian manufacturers of Metallic Oxides such as lead oxides and zinc oxide, pvc stabilizers and zinc metal & lead metal.

Disclaimer: The stock highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.