Mayank Cattle Food Ltd Announces 1:1 Bonus Issue and Increases Authorized Share Capital
Mayank Cattle Food Ltd announced two major corporate actions following a Board meeting held on July 7, 2026. The company approved the issuance of bonus equity shares at a ratio of 1:1 and authorized an increase in its capital structure.The decision to issue bonus equity shares was made by the Board of Directors and is subject to approval by the members of the Company. Under the proposal, one bonus equity share of face value Rs. 10/- each will be issued for every fully paid-up equity share of face value Rs. 10/- held by its members as on the record date.
The issue proposes capitalizing a total amount not exceeding Rs. 5,40,00,000/- from the retained earnings of the Company. The company indicated that Retained earnings (free reserves), based on audited financial statements for the year ended March 31, 2026, stand at Rs. 1,518.49 Lakh.
The details pertaining to the bonus issue are summarized below:
| Particulars | Details |
|---|---|
| Issuance Type | Bonus equity shares in the ratio of 1:1 |
| Total Shares Proposed | 54,00,000 equity shares |
| Face Value (Pre/Post) | Rs. 10/- each |
| Source of Capitalization | Retained earnings (free reserves) |
The Board confirmed that the estimated completion date for crediting or dispatching these bonus shares is on or before September 6, 2026, which is two months from the Board's approval.
Capital Structure Expansion
In addition to the bonus issue, the company also approved an alteration to the Capital Clause (Clause 5) of its Memorandum of Association. This change aims to increase the authorized share capital of Mayank Cattle Food Ltd.The company's previously authorized share capital was Rs. 6,00,00,000/- (Rupees six crore only). The proposed alteration increases this authorized share capital to Rs. 12,00,00,000/- (Rupees Twelve crore only). This new capital amount will be divided into 1,20,00,000 equity shares of Rs. 10/- each.
The details regarding the change in authorized share capital are as follows:
| Particulars | Pre-Alteration | Post-Alteration |
|---|---|---|
| Authorized Share Capital | Rs. 6,00,00,000/- | Rs. 12,00,00,000/- |
| Shares per Unit | N/A | 1,20,00,000 equity shares of Rs. 10/- each |
Both the bonus issue and the capital alteration are subject to the approval of the members of the Company in the ensuing general meeting.
Stock Price Movement
As of 09:07 during pre-open, shares of Mayank Cattle Food Ltd are ticking up, currently trading at ₹231.10, reflecting a notable gain of 1.83%. The stock remains completely locked as the intraday high and low stand flat at ₹231.10.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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