Enclosed herewith Intimation of Sub division / Stock Split
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalind Ltd's board, at its meeting on 3 June 2026, approved a sub-division (stock split) of equity shares in the ratio 1:5 — each existing share of face value ₹10 to be split into 5 shares of face value ₹2 — along with a bonus issue in the ratio 1:2 (1 free share for every 2 held) of ₹2 shares. Both actions require shareholder approval via postal ballot. Post-split paid-up capital will rise from 12.19 crore shares to 60.945 crore shares (of ₹2 each), and after the bonus it will further increase to 91.42 crore shares. The bonus will be issued out of free reserves and securities premium — ₹60.945 crore is needed against ₹91.07 crore available as on 31 March 2026. Authorized share capital remains at ₹1,000 crore, reclassified into 500 crore shares of ₹2 each. Corporate actions are expected to be completed on or before 2 August 2026, with the stated aim of enhancing liquidity and broader public participation.
Both actions are generally shareholder-friendly — the split should improve trading liquidity and lower the per-share price, while the bonus rewards existing holders with extra shares, all at no direct cost to them. Near-term sentiment may turn positive, but execution is contingent on shareholder approval by postal ballot and the record date is yet to be announced.