Board Approves 2:1 Bonus Issue, Restructuring, Rs 275 Crore Subsidiary Guarantee
GOODLUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Goodluck India board approved a 2:1 bonus issue (about 6.64 crore new shares of Rs 2 face value) from securities premium, pending shareholder approval via postal ballot. Final dividend for FY26 was revised from Rs 3 to Rs 1 per share post-bonus. Board also gave in-principle approval to merge Goodluck Green Energy Limited into the company. Additionally, approved a Rs 275 crore corporate guarantee for subsidiary Goodluck Defence and Aerospace Limited's loan from HDFC Bank.
Bonus signals shareholder reward; restructuring hints at future expansion. Revised dividend reflects bonus adjustment. Rs 275 crore guarantee adds contingent liability exposure.