Corporate Action3 Jun 2026, 12:18 pm
Kalind Ltd Approves Share Split, Bonus Issue, and Capital Alteration
AI Summary
Kalind Ltd's Board of Directors has approved a significant corporate restructuring, including a 1:5 sub-division of equity shares (face value ₹10 to ₹2), an alteration of the Memorandum of Association to reflect the new capital structure, and a 1:2 bonus share issue. These proposals will be put forth for shareholder approval via postal ballot. The sub-division aims to enhance liquidity and public participation, while the bonus issue will increase the number of outstanding shares. The company expects to complete these actions by August 2, 2026, subject to necessary approvals.
Key Highlights
- Equity shares to be sub-divided 1:5, reducing face value from ₹10 to ₹2.
- A bonus issue of 1:2 equity shares is proposed.
- Memorandum of Association to be altered post share sub-division.
- Shareholder approval to be sought via postal ballot.
- Corporate actions expected to be completed by August 2, 2026.
Price Impact
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