Bonus14 May 2026, 12:03 pm
Kotyark Industries Recommends Bonus Issue of 10:1
AI Summary
The Board of Directors of Kotyark Industries Ltd, in its meeting held on May 14, 2026, recommended the issuance of Bonus Equity Shares in the ratio of 10:1, subject to shareholders' approval. The board also approved increasing the Authorized Share Capital from ₹23 Crore to ₹200 Crore. Additionally, the dividend of ₹5 per equity share for FY26, previously recommended, will be adjusted post-bonus issue to maintain the overall payout.
Key Highlights
- Kotyark Industries board recommends a bonus issue at a ratio of 10:1.
- The bonus issue is subject to shareholder and regulatory approvals.
- Authorized Share Capital to increase from ₹23 Crore to ₹200 Crore.
- Dividend of ₹5 per share for FY26 will be adjusted post-bonus issue.
- Board approves Postal Ballot Notice for shareholder approvals.