Pondy Oxides & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 18, 2013 in connection with the Demerger of four units of the Company with its wholly Owned Subsidiary Company M/s. POCL Enterprises Limited approved the following: 1. The Board has taken on record, the Valuation Report received from M/s. Nalam Associates, Chartered Accountants, Hyderabad as recommended by the Audit Committee and considered the Share Entitlement Ratio of 0.50:1 recommended by them. 2. The Board has approved the Share Entitlement Ratio of 1 (One) Equity Share of Rs. 10/- each of the Resulting Company credited as fully paid up for every 2 Equity Shares of Rs. 10/- each held by the shareholders of the Demerged Company in line with the recommendation of the Valuer in respect of the above-said demerger subject to the approval of the Scheme by the Hon'ble High Court of Madras/Tribunal. Accordingly, The Resulting Company shall allot in exchange of and not in addition to 1 (One) Equity Share of Rs. 10/- each credited as fully paid up for every 2 Equity Shares of Rs. 10/- each held by the shareholders of the Demerged Company as on the record date as may be determined by the Board. 3. The Board has also taken on record the Fairness Opinion received from Category-I Merchant Banker M/s. Quintessence Enterprises Private Limited, Hyderabad on the Valuation Report. 4. The Board also approved the Scheme of Arrangement for Demerger of four undertakings of the Company to the Wholly Owned Subsidiary company M/s. POCL Enterprises Limited subject to the approval of the Members/Creditor and Hon'ble High Court of Madras w.e.f. April 01, 2013. Pondy Oxides & Chemicals Ltd has informed BSE that the Hon'ble High Court of Madras granted their approval for demerger of four units of the company with M/s. POCL Enterprises Ltd. and the Certified True Copy dated December 19, 2014 received from the Hon'ble High Court of Madras and taken note of by the Board of Directors of the Company in their meeting held on December 24, 2014. (As per BSE Announcement dated on 24/12/2014) Pondy Oxides & Chemicals Ltd has informed BSE that the Board of Directors of the Company in their meeting held on December 30, 2014 has fixed the Record Date as January 09, 2015 for the following purpose: 1. The Board of M/s. POCL Enterprises Limited will allot 1 (One) equity share of Rs. 10/- each of its Company for every 2 (two) equity shares of Rs. 10/- each held in Pondy Oxides and Chemicals Limited. 2. The Board of M/s. Pondy Oxides and Chemicals Limited will cancel 1 (one) equity share of Rs. 10/- each held in its Company for every 1 (one) equity share of Rs. 10/- each allotted by M/s. POCL Enterprises Limited and the paid up capital of M/s. Pondy Oxides will accordingly be reduced. (As Per BSE Announcement Dated on 02.01.2015) SUB. :- Scheme of Arrangement of Pondy Oxides and Chemicals Ltd. (Scrip Code 532626). Trading Members of the Exchange are hereby informed that, Pondy Oxides and Chemicals Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger & Reduction of Capital) of the Company sanctioned by Hon'ble High Court of Madras. COMPANY NAME CODE Pondy Oxides and Chemicals Ltd. (532626) RECORD DATE 09.01.2015 PURPOSE Scheme of Arrangement: - A) Upon the Scheme becoming effective, in consideration of the demerger of Metallic Oxides Division, Plastic Additive Division, Zinc Refining Division, and Lead Refining Division of Pondy Oxides and Chemicals Ltd., POCL Enterprises Ltd., shall issue and allot 1 equity share of Rs. 10/- each fully paid up, for every 2 equity shares of Rs. 10/- each fully paid up, held by member of Pondy Oxides and Chemicals Ltd. Reduction of share capital: The issued, subscribed and paid up equity capital of Pondy Oxides and Chemicals Ltd. shall be reduced from Rs. 11,15,19,850/- divided into 1,11,51,985 equity shares of Rs. 10/- each to Rs. 5,57,59,930/- divided into 55,75,993 equity shares of Rs. 10/- each.. NO DEALINGS FROM DATE & SETT. NO. 08/01/2015 DR-190/2014- 2015 Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 05.01.2015)