<h1>Kandoi Transport Limited Approves Bonus Issue for Shares in Ratio of 3:1</h1>
The Board of Directors of M/s. Kandoi Transport Limited, an unlisted subsidiary of Ganesh Infraworld Limited, has approved a bonus issue of equity shares. The decision was ratified at the company's meeting held on June 26, 2026.
Ganesh Infraworld Limited holds a 60% stake in M/s. Kandoi Transport Limited. The subsidiary’s Board authorized the issuance and allotment of fully paid-up Bonus Equity Shares in the ratio of 3:1. This means that three bonus equity shares will be issued for every one existing equity share held, following the split of its existing stock.
The action was subsequently approved by the shareholders of M/s. Kandoi Transport Limited at their Annual General Meeting on June 13, 2026. The bonus issue involves capitalization of free reserves and alters the face value of the shares from Rs. 100 to Rs. 10 per share.
The Board of Directors has also authorized the Company Secretary of M/s. Kandoi Transport Limited to execute all necessary corporate actions required for the allotment, including crediting the shares to eligible shareholders and completing statutory compliances.
Regarding the parent company's interest, it was clarified that this bonus equity share allotment pertains solely to the subsidiary's share capital. The move will not result in any change in Ganesh Infraworld Limited’s existing equity interest or percentage shareholding in Kandoi Transport. Furthermore, the allotment does not require additional investment or cash outflow from M/s. Ganesh Infraworld Limited and is not expected to impact the capital structure, earnings per share, or other securities of the company.
GANESHIN Stock Price Movement
Ganesh Infraworld Limited shares slipped by 3.02% on Thursday to settle at ₹99.65. The stock traded a total of 124,000 shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.