Mold-Tek Packaging Approves 1:1 Bonus Shares, ₹3 Final Dividend, and Key Director Appointments
Mold-Tek Packaging approved a 1:1 bonus share issue and recommended a final dividend of ₹3 per share for FY26. The company also appointed Mr. Rana Pratap Janumahanti as Director - Marketing and Strategy (effective Oct 1, 2026) and Mr. Chintamaneni Vasant Kumar Roy as Non-Executive Independent Director (effective Aug 26, 2026). Authorized share capital will increase from ₹20 crore to ₹40 crore.
The bonus issue and dividend recommendation are significant shareholder returns. The appointments of key personnel and the increase in authorized share capital indicate strategic growth and governance enhancements, which can have a substantial impact on the company's future.
The announcement includes positive corporate actions such as a bonus share issue, a recommended final dividend, and key directorial appointments, which are generally viewed favorably by investors.
Mold-Tek Packaging Limited announced today, August 26, 2026, several significant corporate actions following a Board of Directors meeting.
The Board has approved and recommended the issue of Bonus Shares in a 1:1 ratio, meaning one equity share of ₹5 each for every one equity share held. This issuance will be from the company's free reserves as of March 31, 2026, amounting to ₹16.61 crore, increasing the paid-up share capital to ₹33.23 crore. The bonus issue is expected to be completed 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, which will be proposed for declaration at the upcoming Annual General Meeting (AGM).
The company also approved an increase in its authorized share capital from ₹20 crore to ₹40 crore, to be divided into 8 crore equity shares of ₹5 each, subject to shareholder approval.
In terms of human resources, Mr. Rana Pratap Janumahanti has been appointed as Director - Marketing and Strategy (Whole Time Director), effective October 01, 2026, for a term of five years. He holds an MBA from IIM Lucknow and a B.Tech from IIT Delhi, bringing over 14 years of experience within the company.
Furthermore, 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. Mr. Roy is an engineer with over four decades of experience in industrial sales, manufacturing, and international business.
The Board also noted a change 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 01, 2027, until March 31, 2029.
The 29th Annual General Meeting (AGM) of the Company has been approved to be convened on Monday, September 21, 2026, through video conference.
A plain-language summary of a public exchange filing by Mold-Tek Packaging Limited. Read the original for the full detail.