Corporate Action3 Jun 2026, 12:26 pm
Kalind Ltd Announces Share Split, Bonus Issue, and Capital Alteration
AI Summary
Kalind Ltd's Board of Directors has approved a series of significant corporate actions, subject to shareholder approval. These include a sub-division of equity shares from ₹10 to ₹2, a bonus issue of 1:2, and an alteration of the Memorandum of Association to reflect the changes in authorized share capital. The company aims to enhance liquidity and shareholder participation through these measures. The proposed corporate actions are expected to be completed by August 2, 2026.
Key Highlights
- Share sub-division from ₹10 to ₹2 face value approved.
- Bonus issue of 1:2 approved for equity shareholders.
- Memorandum of Association to be altered post share split.
- Corporate actions aim to enhance share liquidity and participation.
- Shareholder approval via postal ballot is required.
Price Impact
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