Board approves 1:1 bonus issue of equity shares
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Animal Feed peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mayank Cattle Food board approved a 1:1 bonus issue, meaning one free share for every share held. 54 lakh new shares of Rs.10 face value will be issued, capitalising Rs.5.40 crore from retained earnings. Free reserves stand at Rs.15.18 crore. Paid-up shares will double from 54 lakh to 1.08 crore. Authorised capital rises from Rs.6 crore to Rs.12 crore. Record date to be announced. Shares expected by 6 Sept 2026, subject to shareholder approval.
Shareholders get one extra share per share held. Total share count doubles, usually lowering per-share price proportionally. No cash outflow. Needs member approval.