Alka India Ltd Board Approves Bonus Issue of Equity Shares
Alka India Ltd announced that its Board of Directors approved the recommendation for issuing bonus equity shares. The board meeting was held on Tuesday, April 07, 2026.The proposed bonus issue is at a ratio of 6:1, meaning that for every 1 (One) fully paid-up equity share held by public shareholders, the company will issue 6 (Six) bonus equity shares of Re. 1/- each. This bonus issue is intended to comply with the minimum public shareholding requirement mandated under rule 19A of the Securities Contracts (Regulation) Rules, 1957, read with regulation 38 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015, and is subject to the approval of the Company's Members.
For the purpose of determining eligibility, the company fixed the Record Date as Friday, May 08, 2026. This date is for ascertaining the eligibility of public shareholders, excluding the Promoter and Promoter Group, who are entitled to receive the Bonus Equity Shares in the proportion of 6 (Six) Equity Shares of Re. 1/each for every 1 (One) existing Equity Share of Re. 1/- each, pending member approval.
Details of the Bonus Issue
The company provided detailed financials related to the bonus issue, including the following figures:| Particulars | Details |
|---|---|
| Bonus Ratio | 6:1, resulting in 6 (six) new fully paid-up Equity Shares of Re. 1/- (Rupee One Only) each for every 1 (One) existing fully paid-up Equity Share of Re. 1/- (Rupee One Only) to eligible public shareholders other than promoter and promoter group. |
| Pre-bonus issue paid-up share capital | 50,00,000 equity shares of face value Re. 1/- each aggregating to Rs. 50,00,000/-. |
| Post-bonus issue paid-up share capital | 65,00,000 equity shares of face value Re. 1/- each aggregating to Rs. 65,00,000/-. |
| Free reserves required for implementation | Rs. 15,00,000, to be capitalized from free reserves. |
| Free reserves available as on 31.03.2026 | Rs. 17.81 Lakhs. |
| Whether free reserves figures are audited | Yes |
| Estimated credit date for bonus shares | On or before June 07, 2026 (within two months from the date of the Board Meeting). |
The company stated that the issuance of bonus shares will be from the capitalization of free reserves, subject to shareholder approval. The details required under Regulation 30 of the Listing Regulations are also attached. The company estimates that the bonus shares would be credited or dispatched on or before June 07, 2026.
Stock Price Movement
Alka India Ltd shares closed Tuesday at ₹18.04, registering a strong gain of 4.94% on the day. The stock demonstrated rigid action, remaining completely flat throughout the day's trading range between ₹18.04 and ₹18.04.Source:
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