Kalind Ltd Announces Record Dates for Share Sub-Division and Bonus Issue
Kalind Ltd has announced the record date for two significant corporate actions: the sub-division of its equity shares and the issuance of bonus shares. These capital restructuring events are set for Friday, July 24, 2026.The company’s decisions regarding share structure include a sub-division of the face value of existing equity shares and the distribution of bonus equity shares. The specifics of these corporate actions, along with their respective record dates, are provided below:
| Record Date | Purpose | Description |
|---|---|---|
| Friday, July 24, 2026 | Sub-Division of Face Value of Equity Shares | Division of one equity share of face value ₹ 10 each (fully paid-up) into five equity shares of face value ₹ 2 each (fully paid-up). |
| Friday, July 24, 2026 | Issue of Bonus Shares | Issuance of bonus equity shares in the ratio of 1:2 (one bonus equity share of ₹ 2 each for every two equity shares of ₹ 2 each fully paid-up). |
Details on Sub-Division and Bonus Share Issue
The sub-division involves converting one existing equity share with a face value of ₹ 10 into five new equity shares, each carrying a face value of ₹ 2. The bonus share issue will be conducted at a ratio of 1:2. This means that for every two fully paid-up equity shares an investor holds, they will receive one bonus equity share, which also carries a face value of ₹ 2.Regarding the bonus issue, the deemed date of allotment has been set as Monday, July 27, 2026. The new bonus equity shares will be made available for trading on the next working day following this deemed date of allotment.
Stock Price Movement
As of 12:25, shares of Kalind Ltd are edging lower, trading at ₹89.99 after dipping by 0.86%. During the day's trading session, the stock moved through a range, hitting a low of ₹88.03 but managed to reach an intraday high of ₹90.02.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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