Bonus14 May 2026, 11:32 am
Kotyark Industries Approves 10:1 Bonus Issue, Cap Hike
AI Summary
Kotyark Industries Ltd's board approved increasing the authorized share capital from ₹23 Crore to ₹200 Crore and recommended a bonus issue of 10:1, subject to shareholder approval. A dividend of ₹5 per share was previously recommended and will be adjusted post-bonus issue. The board also approved a postal ballot notice for shareholder approvals and appointed NSDL as the remote e-voting agency and M/s. SCS and Co. LLP as scrutinizer.
Key Highlights
- Authorized share capital increased from ₹23 Crore to ₹200 Crore, pending shareholder approval.
- Bonus issue of 10:1 approved, subject to shareholder and regulatory approvals.
- Dividend of ₹5 per share to be adjusted post-bonus issue.
- NSDL appointed as remote e-voting agency for postal ballot.
- M/s. SCS and Co. LLP appointed as scrutinizer for the postal ballot.