Kotyark Industries Limited has informed the Exchange regarding Notice of Postal Ballot
KOTYARK · price
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Kotyark Industries Limited is seeking shareholder approval via postal ballot for two key resolutions. First, the company proposes to increase its authorised share capital from Rs. 23 crore to Rs. 200 crore by creating 17.70 crore new equity shares of Rs. 10 each. Second, the company plans to issue bonus shares in a 10:1 ratio, meaning shareholders will receive 10 bonus shares for every 1 share held. The bonus issue involves capitalising Rs. 102.79 crore from the securities premium account and/or free reserves to create 10.28 crore new fully paid-up equity shares. The e-voting period runs from May 17, 2026 to June 15, 2026, with results to be declared by June 17, 2026. The company had earlier recommended a dividend of Rs. 5 per share for FY26, which will be adjusted proportionately after the bonus issue.
The 10:1 bonus issue will increase the total number of shares outstanding by 10 times, significantly improving liquidity and making the stock more accessible to retail investors. This is a positive signal for existing shareholders as it rewards their holding without any cost.