Key Details of the Bonus Issue
Alka India Limited’s Board of Directors has proposed a 6:1 bonus equity share issue. This means public shareholders will receive six new shares, each with a face value of Re. 1/-, for every single existing equity share they hold. The company has fixed May 8, 2026, as the record date to determine eligible shareholders for this bonus allocation. The announcement follows a board meeting held on April 7, 2026. The entire bonus issue is contingent upon obtaining the necessary approval from the company’s shareholders. This corporate action is expected to increase the company’s paid-up share capital from ₹50.00 lakh to ₹65.00 lakh.
Reason for the Bonus Issue
The main reason for this bonus share issuance is to…