Bonus7 Jul 2026, 09:23 am
Mayank Cattle Food Approves 1:1 Bonus Issue & Capital Increase
AI Summary
Mayank Cattle Food Ltd announced board approval for a 1:1 bonus equity share issue, requiring capitalization of up to ₹5.40 crore from retained earnings. Additionally, the company plans to increase its authorized share capital from ₹6 crore to ₹12 crore. Both proposals are subject to shareholder approval. The bonus issue will be funded by retained earnings as of March 31, 2026, with available free reserves of ₹1,518.49 Lakh. The board meeting was held on July 7, 2026.
Key Highlights
- Board approved 1:1 bonus share issue, subject to member approval.
- Authorized share capital to increase from ₹6 crore to ₹12 crore.
- Bonus issue to be funded by retained earnings of ₹5.40 crore.
- Company has ₹1,518.49 Lakh in free reserves as of March 31, 2026.
Price Impact
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