Kalind Ltd Seeks Shareholder Approval for Stock Split and Bonus Issue via Postal Ballot

Kalind Ltd Seeks Shareholder Approval for Stock Split and Bonus Issue via Postal Ballot​

Kalind Ltd has initiated a postal ballot process seeking consent from its members regarding significant corporate actions, including a stock split of equity shares, alteration of the Memorandum of Association, and the issue of bonus shares. The company is engaging in this process to enhance liquidity and expand market accessibility for retail investors.

The e-voting period for these resolutions commenced on Saturday, June 6, 2026, and is set to conclude on Sunday, July 5, 2026. The results of the Postal Ballot will be announced within two working days following the conclusion of the remote e-voting period.

Key Resolutions Presented​

The company’s postal ballot notice outlines three Ordinary Resolutions requiring shareholder assent:

1. Sub-Division (Stock Split)
To improve market accessibility and enhance affordability, the Board of Directors approved the sub-division of every one fully paid-up equity share from a face value of ₹10 to five fully paid-up equity shares with a face value of ₹2 each. The split is not expected to affect the rights or obligations of existing members and is purely an arithmetic exercise aimed at improving market accessibility.

The capital structure changes related to this sub-division are as follows:


2. Alteration of Capital Clause
In line with the stock split, the notice sought approval for altering the existing Capital Clause V of the Memorandum of Association. The new clause stipulates that the Authorized Share Capital is ₹1000 Crores (Rupees One Thousand Crores Only), divided into 500 million equity shares of face value ₹2/- each.

3. Issue of Bonus Shares
The third resolution proposes the issuance of bonus equity shares to reward members and increase investor participation. The board recommended the issue of one bonus equity share for every two existing fully paid-up equity shares, at a face value of ₹2/- each. This bonus issue is subject to capitalisation from securities premium and/or free reserves and has been capped at a sum not exceeding ₹60 Crore Ninety-Four Lakh Fifty Thousand Only.

Process Details​

The company has engaged the services of National Securities Depository Limited (NSDL) to facilitate remote e-voting for its members. The voting rights are determined based on paid-up value of shares registered in the name of the member as of the cut-off date, May 29, 2026.

For shareholders holding securities in physical form, the sub-division means that existing share certificates are deemed automatically cancelled, and the company will issue letters of confirmation or credit the shares into a Demat Suspense Escrow Pool Account. Shareholders with dematerialized holdings will have their subdivided/split equity shares credited proportionally into their respective demat accounts.

Stock Price Movement​

As of 10:17, shares of Kalind Ltd are ticking up, currently trading at ₹96.60 after gaining 3.74%. The stock has moved through a tight intraday band, fluctuating between a low of ₹95.01 and a high of ₹97.00.