Mold-Tek Packaging Approves 1:1 Bonus Issue, Final Dividend, and Key Director Appointments
Mold-Tek Packaging approved a 1:1 bonus share issue and a final dividend of ₹3 per share. Authorized share capital will increase to ₹40 crore. Mr. Rana Pratap Janumahanti 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 are significant financial actions that directly impact shareholders. Key director appointments can also have a substantial impact on the company's strategic direction.
The company announced a bonus issue, a final dividend, and key management appointments, all of which are generally viewed positively by investors.
Mold-Tek Packaging Limited's Board of Directors, in a meeting held on August 26, 2026, approved and recommended a bonus issue of equity shares in a 1:1 ratio, meaning one new equity share for every one held, subject to shareholder approval. The company will announce the record date for this bonus issue in due course. The Board also recommended a final dividend of ₹3 per equity share (60%) for the Financial Year ended March 31, 2026, which is subject to declaration at the upcoming Annual General Meeting. The record date for the dividend will also be intimated later.
Furthermore, the company's authorized share capital will be increased from ₹20 crore to ₹40 crore, subject to shareholder approval. This involves doubling the number of authorized equity shares from 4 crore to 8 crore.
In terms of management changes, the Board approved the appointment of Mr. Rana Pratap Janumahanti as Director - Marketing and Strategy (Whole Time Director), effective October 01, 2026, for a term of five years, pending shareholder approval. He is the son of the Chairman and Managing Director, Mr. Lakshmana Rao Janumahanti, and brings over 14 years of experience in marketing, operations, and business development within the company.
Additionally, Mr. Chintamaneni Vasant Kumar Roy has been appointed as an Additional Director and Non-Executive Independent Director for a period of five 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 international business development.
The Board also noted a change in designation for Mr. Subramanyam Adivishnu and Mr. P. Venkateswara Rao from Deputy Managing Directors to Technical Director and Commercial Director, respectively, both as Whole Time Directors, effective April 01, 2027, until March 31, 2029.
The 29th Annual General Meeting of the Company has been scheduled for Monday, September 21, 2026, to be conducted through video conference. The bonus shares are expected to be credited/dispatched 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.