Corporate Action3 Jun 2026, 12:22 pm
Kalind Ltd Board Approves Share Split and Bonus Issue
AI Summary
Kalind Ltd's Board of Directors has approved a 1:5 sub-division of equity shares, changing the face value from ₹10 to ₹2. Concurrently, they approved a bonus issue of 1:2 equity shares and a reclassification of authorized share capital. These corporate actions aim to enhance liquidity and shareholder participation. The company expects to complete the share split by August 2, 2026, subject to necessary approvals. The bonus issue will be funded from free reserves and securities premium as of March 31, 2026.
Key Highlights
- Share sub-division approved: 1 equity share of ₹10 into 5 shares of ₹2.
- Bonus issue approved: 1 bonus share for every 2 existing shares.
- Authorized capital reclassified to accommodate share split.
- Actions aim to improve share liquidity and market participation.
- Share split expected completion by August 2, 2026.
Price Impact
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