Kalind Ltd Approves Share Sub-division and Bonus Issue; Shareholders Seek Approval via Postal Ballot
Kalind Ltd has announced major corporate actions following the outcome of its Board meeting held on Wednesday, June 3, 2026. The company approved the sub-division of its equity shares, the alteration of authorized share capital, and the issuance of bonus shares in the ratio of 1:2. These matters have been recommended for approval by the shareholders through a Postal Ballot process.The sub-division action involves converting one equity share with a face value of ₹10/- into five equity shares, each carrying a face value of ₹2/-. The proposed corporate action is aimed at enhancing the liquidity of the company's equity shares and enabling greater participation from public shareholders.
Share Split Details
The sub-division moves the company's share structure significantly. Previously, the authorized share capital was set at ₹100 Crore (Rupees One Thousand Crores Only), divided into 100 million Equity shares of ₹10/- each. Post-sub-division, the authorized share capital remains at ₹100 Crore but is now divided into 500 million equity shares of face value ₹2/- each.The following table summarizes the pre and post sub-division status:
| Particulars | Pre Sub-division Status | Post Sub-division Status |
|---|---|---|
| Authorized Share Capital | ₹1,00,00,00,000 / 100,00,00,000 Equity Shares (₹10/- each) | ₹1,00,00,00,000 / 500,00,00,000 Equity Shares (₹2/- each) |
| Paid-up and Subscribed Capital | 12,18,90,000 shares | 60,94,50,000 shares |
Bonus Issue Details
In addition to the sub-division, Kalind Ltd approved a bonus equity share issue at a ratio of 1:2. This means that one bonus equity share of ₹2/- each was issued for every two fully paid-up equity shares of ₹2/- held by shareholders as on the record date.The issuance involves 30,47,25,000 equity shares of ₹2/- each, which is funded out of Free Reserves and Securities Premium available in the company.
A summary of the financial position related to the bonus issue is provided below:
| Metric | Pre Bonus Issue Status | Post Bonus Issue Status |
|---|---|---|
| Authorized Share Capital (Face Value ₹2/-) | 5,00,00,00,000 shares | 5,00,00,00,000 shares |
| Paid-up Capital | 60,94,50,000 shares | 91,41,75,000 shares |
| Required Reserve for Bonus Issue | ₹60,94,50,000 | - |
The company confirmed that it has sufficient free reserves and/or share premium available. The necessary funds for the bonus issue were sourced from a balance of ₹91.07 Crore as on March 31, 2026.
Both the corporate action regarding the sub-division and the subsequent bonus issuance are scheduled to be completed on or before August 2, 2026, subject to necessary approvals.
Stock Price Movement
As of 12:16, shares of Kalind Ltd are edging higher, trading at ₹93.59, which reflects a solid 2.61% gain. Throughout the trading day, the stock has seen considerable movement, having tested a low of ₹90.10 before climbing to its current high of ₹93.59.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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