Kalind Ltd Approves 1:5 Stock Split and 1:2 Bonus Issue

Kalind Ltd's Board of Directors has approved a 1:5 stock split, subdividing equity shares from a face value of ₹10 to ₹2. Concurrently, the company also approved a 1:2 bonus share issue. These corporate actions, aimed at enhancing liquidity and shareholder participation, require shareholder approval via postal ballot. The company also proposed an alteration to its Memorandum of Association to reflect the post-split authorized share capital of ₹1000 crore, divided into 500 crore shares of ₹2 each. The stock split is expected to be completed by August 2, 2026, subject to necessary approvals.