Mayank Cattle Food approves 1:1 bonus, doubles outstanding shares
The board on July 7 approved a 100% bonus issue at a 1:1 ratio, capitalising ₹5.40 crore from retained earnings. Authorised capital goes from ₹6 crore to ₹12 crore.
— 2 earlier stories on Mayank Cattle Food Ltd. →What's new
- Board approves 100% bonus issue at 1:1 ratio.
- Authorised capital doubled to ₹12 crore from ₹6 crore.
- Record date yet to be fixed; shares to be credited within two months.
Why this matters
For a nano-cap with a ₹118 crore market cap, a 1:1 bonus doubles the float and improves liquidity, often attracting retail interest. The move signals management confidence, though it was telegraphed in June. The surprise is the ratio, not the action itself.
What we're watching
- Record date announcement: the next catalyst for price action.
- Crediting of bonus shares within the stated two-month window.
- Any follow-on corporate actions as liquidity increases.
The full read
Mayank Cattle Food's 1:1 bonus issue doubles the outstanding shares of this ₹118 crore nano-cap. The board capitalised ₹5.40 crore from retained earnings and hiked authorised capital from ₹6 crore to ₹12 crore to make room. This was not a surprise: the company flagged the bonus consideration on June 24, but the 1:1 ratio solidifies the move. For a stock with a trailing P/E of 23.5 and debt/equity of 1.13, the bonus improves liquidity and signals management confidence. Execution (record date, crediting) is the next test. The move is constructive for retail sentiment in a segment where small changes can drive interest.
Questions answered
- How many bonus shares will I get?
- For every one fully paid-up equity share held, you will receive one additional bonus share of face value ₹10 each.
- Why did the board increase authorised capital?
- The authorised capital was increased from ₹6 crore to ₹12 crore to accommodate the new bonus shares.
- When will the bonus shares be credited?
- Shares are expected to be credited within two months of board approval, but a record date has not yet been set.
- Will the bonus issue affect the face value of shares?
- No, the face value remains ₹10 per share post-bonus.
Mayank Cattle Food Ltd.
Latest quarter · Sep 2025
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Story so far
All notes on MCFL →- 7 Jul 2026 · 9:09 AM IST Mayank Cattle Food approves 1:1 bonus, doubles outstanding shares
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