Penny Stock Below Rs 125: This Animal Feed Stock Announces Its First-Ever 1:1 Bonus Issue; Paid-Up Capital Doubles to Rs 10.80 Crore
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Mayank Cattle has allotted 54 lakh fully paid-up bonus equity shares in a 1:1 ratio to eligible shareholders whose names appeared on the register as of August 24, 2026. Following the allotment, the company's paid-up share capital has increased to Rs 10.80 crore
✨ Key Takeaways
On Tuesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 59.80 points (0.25 per cent) to 24,159.25. Amid the market movement, Mayank Cattle Food share price fell 3.58 per cent to Rs 124.00, declining Rs 4.60 per share, after the company announced the allotment of 54 lakh fully paid-up Bonus equity shares in a 1:1 ratio.
Mayank Cattle Food Allots 54 Lakh Bonus Shares
Mayank Cattle Food Limited has allotted 54,00,000 fully paid-up bonus equity shares of face value Rs 10 each. The bonus shares have been issued in a 1:1 ratio, meaning eligible shareholders received one fully paid-up bonus equity share for every one existing fully paid-up equity share held.
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Download Service BrochureThe Board of Directors approved the allotment at its meeting held on August 25, 2026. The bonus shares were allotted to eligible members whose names appeared in the Register of Members or Register of Beneficial Owners as on the record date of August 24, 2026.
Paid-Up Share Capital Doubles
Following the allotment of the bonus shares, the company's paid-up equity share capital has increased to Rs 10.80 crore, divided into 1,08,00,000 equity shares of face value Rs 10 each.
The latest corporate action effectively doubles the number of outstanding equity shares from 54 lakh shares before the bonus allotment to 1.08 crore shares after the allotment.
Bonus Issue Details
The company has issued the bonus shares as fully paid-up equity shares, with the face value remaining at Rs 10 per share. The allotment was made based on the shareholding position as of the record date fixed for the purpose.
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The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About Mayank Cattle Food
Mayank Cattle Food Limited, formerly known as Mayank Cattle Food Private Limited, is a Gujarat-based company. According to the filing, the company's registered address is located at Rajkot Jamnagar Highway, near Khandheri Stadium, Village Naranka, Taluka Paddhari, Rajkot, Gujarat.
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Disclaimer: The article is for informational purposes only and not investment advice.