StockWatch
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Animal Feed
Bonus7 Jul 2026, 09:07 am

Mayank Cattle Food Approves 1:1 Bonus Share Issue

AI Summary

Mayank Cattle Food Ltd announced a 1:1 bonus equity share issue, granting one bonus share for every fully paid-up equity share held. This move will capitalize retained earnings of up to ₹5.40 crore. The company also proposed to increase its authorized share capital from ₹6 crore to ₹12 crore. The record date for the bonus issue will be announced later. The board meeting also noted the company's financial performance for the year ended March 31, 2026, with retained earnings of ₹1,518.49 Lakh available for capitalization.

Key Highlights

  • Board approves 1:1 bonus equity share issue.
  • Bonus issue to be funded by capitalizing retained earnings.
  • Authorized share capital to be doubled to ₹12 crore.
  • Record date for bonus issue to be announced soon.
  • Retained earnings available for capitalization exceed ₹15 crore.