Mold-Tek Packaging Approves 1:1 Bonus Issue, ₹3 Dividend, and Key Director Appointments
Mold-Tek Packaging's board approved a 1:1 bonus share issue and recommended a final dividend of ₹3 per share for FY26. Authorized share capital will double to ₹40 crore. Mr. Rana Pratap Janumahanti was appointed Director - Marketing and Strategy, and Mr. Chintamaneni Vasant Kumar Roy as Non-Executive Independent Director. The AGM is on September 21, 2026.
The bonus issue and dividend recommendation are significant shareholder return initiatives. The appointment of key personnel with extensive experience can positively impact the company's strategic direction and growth prospects.
The announcement details positive corporate actions including a bonus issue, dividend recommendation, and key appointments, which are generally viewed favorably by investors.
Mold-Tek Packaging Limited announced a series of significant corporate actions following its Board of Directors meeting on August 26, 2026. The Board approved the issue of bonus equity shares in a 1:1 ratio, meaning one bonus share for every one held, subject to shareholder approval. The company will announce the record date for this bonus issue in due course. Additionally, the Board recommended a final dividend of ₹3 per equity share (60%) for the Financial Year ended March 31, 2026, which will be proposed at the upcoming Annual General Meeting (AGM).
The company also approved an increase in its authorized share capital from ₹20 crore to ₹40 crore, by increasing the number of equity shares from 4 crore to 8 crore, each with a face value of ₹5. This increase is also subject to shareholder approval.
In terms of human resources, the Board approved the appointment of Mr. Rana Pratap Janumahanti as Director - Marketing and Strategy (Whole Time Director), effective October 1, 2026, for a term of five years, pending shareholder approval. Mr. Janumahanti, son of Chairman and Managing Director Mr. Lakshmana Rao Janumahanti, holds an MBA from IIM Lucknow and a B.Tech from IIT Delhi, with over 14 years of experience in the company.
Furthermore, Mr. Chintamaneni Vasant Kumar Roy was appointed as an Additional Director and Non-Executive Independent Director for a period of five consecutive years, effective August 26, 2026, subject to shareholder approval. Mr. Roy is an engineer with over four decades of experience in industrial sales, manufacturing, and business development.
The Board also noted changes in designations for Mr. Subramanyam Adivishnu and Mr. P. Venkateswara Rao, who will transition 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.
The 29th Annual General Meeting of the Company is scheduled to be held on Monday, September 21, 2026, at 11:35 AM IST via video conference. The bonus issue is expected to be implemented within two months from the board meeting date.
A plain-language summary of a public exchange filing by Mold-Tek Packaging Limited. Read the original for the full detail.