What’s new

• Board approved a 1:5 stock split, reducing face value from ₹10 to ₹2 per share.
• Announced a 1:2 bonus issue, capitalising ₹60.95 crore from reserves and securities premium.
• Both actions require shareholder approval and are targeted for completion by August 2026.

Why it matters

For a ₹1,098 crore market-cap company, this is a direct attempt to lower the share price and attract more retail participation. The bonus issue alone requires deploying about 5.5% of the company's market value from its balance sheet, a meaningful commitment of capital.

What we’re watching

• The post-announcement share price reaction to see if the market agrees with the liquidity thesis.
• Shareholder approval of the postal ballot, the next procedural hurdle.
• The final share count and adjusted price once both actions are implemented.

The full read

Kalind is simultaneously cutting its share price and expanding its share base. The board has approved a 1:5 stock split, taking the face value from ₹10 to ₹2, alongside a 1:2 bonus issue. The bonus will capitalise ₹60.95 crore from reserves. For a company with a ₹1,098 crore market capitalisation, that bonus commitment is roughly 5.5% of its total value. The combined effect will significantly lower the per-share price and increase the outstanding share count. The stated goal is liquidity. Both moves still require shareholder approval, with a target completion date of August 2026.

Primary source: BSE · NSE