Kalind Ltd Board Recommends 1:5 Stock Split, Bonus Issue

Kalind Ltd's Board of Directors has recommended a sub-division of equity shares from a face value of ₹10 to ₹2, effectively a 1:5 stock split. This move aims to enhance liquidity and public participation. Additionally, the board approved a bonus issue of 1 equity share for every 2 held, with a face value of ₹2. The company also proposed an alteration to its Memorandum of Association to reflect the sub-division and the reclassification of authorized share capital. These proposals will be put forth for shareholder approval via postal ballot. The corporate actions are expected to be completed by August 2, 2026, subject to necessary approvals.