Multibagger Penny Stock Below Rs 100 Announces 1:2 Bonus Issue And 1:5 Stock Split

On Wednesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.46 per cent to 23,376.20. Despite the weak market sentiment, Kalind share price traded at Rs 94.13, up 2.38 per cent from the previous close. The stock remained in focus after the company's board approved a Stock Split and Bonus issue, both subject to shareholder approval.

Kalind Board Approves 1:5 Stock Split

Kalind Limited informed the exchanges that its Board of Directors, at a meeting held on June 3, 2026, approved the sub-division of equity shares from a face value of Rs 10 each to Rs 2 each.

Under the proposal, every one fully paid-up equity share of face value Rs 10 will be split into five fully paid-up equity shares of face value Rs 2 each. The company stated that the objective of the stock split is to enhance liquidity in the company's shares and facilitate greater participation from retail investors and public shareholders.

Kalind Announces 1:2 Bonus Issue

The board also approved the issuance of bonus shares in the ratio of 1:2. Eligible shareholders will receive one bonus equity share of face value Rs 2 for every two equity shares of face value Rs 2 held on the record date, which will be announced later.

The company proposes to issue approximately 30.47 crore bonus equity shares. The bonus issue will be funded through the company's free reserves and securities premium account available as of March 31, 2026.

Impact On Share Capital

Following the stock split, Kalind's paid-up equity capital will increase from 12.18 crore equity shares of face value Rs 10 each to 60.94 crore equity shares of face value Rs 2 each.

After giving effect to the proposed bonus issue, the paid-up equity share capital will further increase from 60.94 crore shares to 91.41 crore equity shares of face value Rs 2 each. The company has free reserves and securities premium of Rs 91.07 crore available for capitalisation, while the bonus issue will require approximately Rs 60.95 crore.

The company expects to complete both corporate actions on or before August 2, 2026, subject to necessary approvals.

Postal Ballot Approval To Be Sought

The Board approved the notice of postal ballot to seek shareholder approval for the stock split, bonus issue, and related amendments to the Memorandum of Association. The authorized share capital structure will also be reclassified following the stock split.

About Kalind 

Kalind Ltd, formerly known as Arihant Avenues and Credit Limited, is engaged in business activities through its corporate structure and operates from its registered office in Surat, Gujarat. The company is listed on the BSE and undertakes business operations in accordance with its approved corporate objectives.

The company informed that the proposed corporate actions are aimed at improving liquidity in its shares and broadening shareholder participation.

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Disclaimer: The article is for informational purposes only and not investment advice.