As per National Stock Exchange (NSE) Circular No: REF NSE / CML/15863 dated 29th September 2010 M/s. PONDY OXIDES AND CHEMICLAS LTD Shares are permitted to trade and admitted to dealings on the exchange with effect from 1st October 2010 as per the following.

Symbol          PONDYOXIDE Series         EQ-Rolling Settlement   Security    Equity Shares of Rs. 10/- each ISIN INE063E01038     Face Value    Rs. 10/- Paid-up Value    Rs. 10/- No. of Securities    10107125      Market lot      1     Board of Directors in their meeting held on 18.03.2011 approved the following: a. Valuation Report submitted by M/s. Sarathy & Balu, Chartered Accountants for the purpose of deciding exchange ratio with regard to proposal of merger of M/s Lohia Metals Private Limited with the Company, has been adopted by the Board. b. Board taking into account the Valuation Report submitted by the Chartered Accountant, approved the exchange ratio of 1:2.50 i.e. M/s. Pondy Oxides & Chemicals Ltd. will allot 2.50 equity shares of face value of 10/- each for every one equity share of face value of 10/- each held in M/s. Lohia Metals Pvt Ltd. and authorized the company officials to file necessary papers with various agencies to get their approval. c. Board adopted the merger scheme and authorized the Managing Director to take further action in this regard.