Mold-Tek Packaging Approves 1:1 Bonus Issue, ₹3 Dividend, and Board Appointments
Mold-Tek Packaging approved a 1:1 bonus share issue and recommended a ₹3 final dividend for FY26. The company also increased authorized share capital and made key appointments, including Mr. Rana Pratap Janumahanti as Whole Time Director and Mr. Chintamaneni Vasant Kumar Roy as Independent Director. The AGM is scheduled for September 21, 2026.
The 1:1 bonus issue, final dividend, and significant board appointments are material events that can impact shareholder value and company strategy.
The company announced a bonus issue, a final dividend, and key management appointments, all of which are positive developments for shareholders.
Mold-Tek Packaging Limited announced a significant board meeting outcome on August 26, 2026. The Board of Directors approved and recommended a bonus equity share issue in the ratio of 1:1, meaning one bonus share of ₹5 face value for every one equity share of ₹5 held, subject to shareholder approval. The company will announce the record date in due course. The bonus shares will be issued from the company's free reserves as of March 31, 2026, amounting to ₹16.61 crore. The total free reserves available as of March 31, 2026, were ₹655.12 crore. The bonus issue is expected to be implemented within two months from the board meeting date.
Additionally, the Board recommended a final dividend of ₹3 per equity share (60%) for the Financial Year ended March 31, 2026, to be declared at the ensuing Annual General Meeting. The record date for this dividend will also be determined and intimated later.
The company also approved an increase in its authorized share capital from ₹20 crore to ₹40 crore, divided into 8 crore equity shares of ₹5 each, subject to shareholder approval.
In terms of appointments, Mr. Rana Pratap Janumahanti has been approved as Director - Marketing and Strategy (Whole Time Director), effective October 1, 2026, for a five-year term, subject to member approval. He is the son of Chairman and Managing Director, Mr. Lakshmana Rao Janumahanti. Mr. Chintamaneni Vasant Kumar Roy has been appointed as an Additional Director and Non-Executive Independent Director for five years, effective August 26, 2026, also subject to shareholder approval.
The Board also noted changes in designation for Mr. Subramanyam Adivishnu and Mr. P. Venkateswara Rao from Deputy Managing Directors to Technical Director (Whole-Time Director) and Commercial Director (Whole Time Director) respectively, effective April 1, 2027, until March 31, 2029.
Furthermore, the company approved the convening of its 29th Annual General Meeting on September 21, 2026, to be held through video conference. The meeting commenced at 11:35 AM (IST) and concluded at 01:10 PM (IST).
A plain-language summary of a public exchange filing by Mold-Tek Packaging Limited. Read the original for the full detail.