Mayank Cattle Food board approves 1:1 bonus share issue
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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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Board approved a 1:1 bonus issue, giving one free share for each share held, by capitalising Rs 5.40 crore from retained earnings. Paid-up shares will double from 54 lakh to 1.08 crore. Authorised capital to be raised from Rs 6 crore to Rs 12 crore. Free reserves stand at Rs 15.18 crore. Subject to shareholder approval. Record date to be announced later, with bonus shares expected by 6 September 2026.
Positive signal of confidence; share count doubles, price adjusts proportionally. Improves liquidity for retail holders.