Enclosed herewith the Corporate Action - Board to Consider Bonus Issue
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Kalind Ltd's board, at its meeting on June 3, 2026, approved two corporate actions that will be sent to shareholders for approval via postal ballot. First, a stock split where every 1 equity share of face value ₹10 will be subdivided into 5 equity shares of face value ₹2. Second, a bonus issue in the ratio of 1:2, meaning 1 bonus share of ₹2 for every 2 shares of ₹2 held. Approximately 30.47 crore bonus shares will be issued, requiring about Rs. 60.95 crore from free reserves and securities premium (company has Rs. 91.07 crore available as on March 31, 2026). Record date will be announced later, with both actions expected to be completed on or before August 2, 2026.
Stock split will increase the number of outstanding shares 5x and reduce per-share price, typically improving liquidity and making the stock more affordable for retail investors. The 1:2 bonus issue further enlarges the share base by 50%, rewarding existing shareholders. Combined effect: shareholders will hold 7.5 shares for every 1 share currently held, though the total value remains unchanged on ex-date.