Board recommends 6:1 bonus shares to public shareholders to meet MPS norms

Alka India Limited's board has recommended issuing 6 bonus equity shares for every 1 held, but only to public shareholders (excluding promoters and promoter group). The move aims to meet the minimum public shareholding requirement under Rule 19A of SCRR. The company will issue 15 lakh new Re. 1 shares, taking paid-up capital from Rs. 50 lakh (50 lakh shares) to Rs. 65 lakh (65 lakh shares), funded from free reserves of Rs. 17.81 lakhs. Record date is May 8, 2026, and bonus shares will be credited by June 7, 2026, subject to shareholder approval.