1. Recommendation of Bonus Shares
The Board approved and recommended a bonus issue of equity shares in the ratio of 2:1 (two bonus equity shares for every one existing equity share). Each equity share has a face value of Rs. 2.
Key Details:
- Total number of securities to be issued: 6,64,77,018 equity shares of Rs. 2 each
- Source of bonus issue: Securities Premium Account
- Amount utilized from Securities Premium Account: ₹1329.54 lakh
- Pre-issue paid-up equity share capital: ₹6,64,77,018 (3,32,38,509 equity shares of Rs. 2 each)
- Post-issue paid-up equity share capital: ₹19,94,31,054 (9,97,15,527 equity shares of Rs. 2 each)
- Available securities premium balance (as of March 31, 2026): ₹4,82,78.13 lakhs
- Estimated completion date: On or before September 10, 2026
- Record date: To be intimated separately
Approval Requirements: Subject to shareholder approval through postal ballot, approval from National Stock Exchange of India Limited and BSE Limited, and compliance with Companies Act, 2013 and SEBI ICDR Regulations.
Process Arrangements:
- National Securities Depository Limited (NSDL) appointed for remote e-voting facility
- Mr. Ravi Shankar Sharma, Company Secretary (C.P. No. 8007) appointed as Scrutinizer
2. Adjustment of Proposed Dividend Post Bonus Issue
The Board adjusted the previously recommended final dividend of Rs. 3.00 per equity share (approved on May 26, 2026 for FY 2025-26) to Re. 1.00 per equity share due to the proposed bonus issue. This adjustment is subject to the implementation of the bonus issue after shareholder approval.
3. In-principle Approval for Corporate Restructuring
The Board granted in-principle approval for corporate restructuring involving the amalgamation of Goodluck Green Energy Limited with and into Goodluck India Limited. The management has been authorized to proceed with evaluating detailed terms, structure, and financial implications. Further disclosures will be made to stock exchanges upon Board approval.
4. Corporate Guarantee for Subsidiary Loan
On the recommendation of the Audit Committee, the Board approved providing a corporate guarantee for Goodluck Defence and Aerospace Limited (a material subsidiary) for a project loan from HDFC Bank.
Key Details:
- Guarantee amount: ₹275.00 crores
- Purpose: To meet part of the fund requirements for expansion of business operations
- Nature of relationship: Subsidiary company, transaction at arm's length
- Guarantee terms: To secure rupee term loan of ₹275 crore until achievement of Debt/EBITDA ≤ 1.50x and last 3 years ≥ 1.50x at standalone borrower financials from testing date
- Impact: Goodluck India Limited becomes contingently liable to pay the debt in case of default by the borrower
Meeting Details
The Board meeting commenced at 11:30 AM (IST) and concluded at 1:35 PM (IST) on July 11, 2026.