1. Sub-division of Equity Shares

  • Approved sub-division of equity shares from face value of ₹10 each to face value of ₹2 each.
  • Ratio: 1 existing equity share of ₹10 fully paid-up to be sub-divided into 5 equity shares of ₹2 fully paid-up.
  • Rationale: Aimed at enhancing liquidity of the Company's equity shares and enabling higher participation from public shareholders.
  • Share capital impact:
  • Pre sub-division:
  • Authorized Share Capital: 1,00,00,00,000 shares of ₹10 each (₹1000 crore)
  • Paid-up Capital: 12,18,90,000 shares of ₹10 each
  • Subscribed Capital: 12,18,90,000 shares of ₹10 each
  • Post sub-division:
  • Authorized Share Capital: 5,00,00,00,000 shares of ₹2 each (₹1000 crore)
  • Paid-up Capital: 60,94,50,000 shares of ₹2 each
  • Subscribed Capital: 60,94,50,000 shares of ₹2 each
  • Expected completion: On or before August 2, 2026, subject to necessary approvals.
  • Only one class of equity shares exists; no shareholders will be left without shares.

2. Alteration of Capital Clause of Memorandum of Association

  • Approved alteration of Clause V of the Memorandum of Association to reclassify authorized share capital subsequent to sub-division.
  • New authorized share capital: ₹1000,00,00,000 (Rupees One Thousand Crores Only) divided into 500,00,00,000 (Five Hundred Crore) equity shares of face value of ₹2 each.
  • Subject to approval of Members and applicable statutory authorities.

3. Issue of Bonus Shares

  • Approved issue of bonus equity shares in the ratio of 1:2.
  • Ratio: 1 bonus equity share of ₹2 each for every 2 equity shares of ₹2 each fully paid-up held.
  • Number of securities: 30,47,25,000 equity shares of ₹2 each fully paid-up.
  • Share capital impact (post-split adjustment):
  • Pre bonus:
  • Authorized Share Capital: 5,00,00,00,000 shares of ₹2 each
  • Paid-up Capital: 60,94,50,000 shares of ₹2 each
  • Subscribed Capital: 60,94,50,000 shares of ₹2 each
  • Post bonus:
  • Authorized Share Capital: 5,00,00,00,000 shares of ₹2 each
  • Paid-up Capital: 91,41,75,000 shares of ₹2 each
  • Subscribed Capital: 91,41,75,000 shares of ₹2 each
  • Amount required: ₹60,94,50,000 (₹60.945 Crore)
  • Free reserves/share premium available: ₹91.07 Crore as on March 31, 2026 (audited figures)
  • Expected completion: On or before August 2, 2026, subject to necessary approvals.

4. Postal Ballot Approval

  • Approved the Notice of Postal Ballot for seeking approval of the Members of the Company and other matters incidental thereto.

The outcome of the Board meeting is available on the Company's website at www.kalindlimited.com.