Kotyark Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2026.
KOTYARK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kotyark Industries Limited's board has approved two major capital restructuring decisions. First, the authorized share capital will increase nearly 9-fold from Rs. 23 crore to Rs. 200 crore. Second, the company has recommended a massive 10:1 bonus issue, meaning shareholders will receive 10 bonus equity shares for every 1 share held. This will result in approximately 10.28 crore new bonus shares being issued, increasing paid-up capital from Rs. 10.28 crore to Rs. 113.07 crore. The company has sufficient free reserves (securities premium of Rs. 7,715.14 Lakhs and retained earnings of Rs. 7,142.5 Lakhs) to fund this bonus. Additionally, a previously recommended dividend of Rs. 5 per share will be proportionately adjusted after the bonus issue. Shareholder approval is being sought via postal ballot.
This is a highly positive signal for shareholders as the 10:1 bonus issue significantly increases their shareholding quantity. While the per-share price will adjust proportionally, the bonus indicates strong financial health and management confidence. The massive authorized capital increase also suggests potential future fundraising or expansion plans.