Board Meeting11 Jul 2026, 02:30 pm
Goodluck India Ltd Approves Bonus Issue & ₹275 Cr Guarantee for Subsidiary
AI Summary
Goodluck India Limited's Board of Directors has approved a 2:1 bonus share issue, subject to shareholder and regulatory approvals. The record date for this bonus issue will be announced later. Additionally, the Board has adjusted the final dividend recommendation for FY26 from ₹3.00 to ₹1.00 per equity share, reflecting the proposed bonus issue. In a significant move, the company has also in-principle approved a corporate restructuring, including the amalgamation of Goodluck Green Energy Limited. Furthermore, the Board has sanctioned a corporate guarantee of ₹275.00 crores for a project loan to be obtained by its material subsidiary, Goodluck Defence and Aerospace Limited, from HDFC Bank.
Key Highlights
- Board approves 2:1 bonus share issue, subject to approvals.
- Final dividend for FY26 adjusted to ₹1.00 per share post-bonus.
- In-principle approval for corporate restructuring, including amalgamation.
- Corporate guarantee of ₹275 Cr approved for subsidiary's loan.
- Board meeting held on July 11, 2026, from 11:30 AM to 1:35 PM IST.
Price Impact
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