Mold-Tek Packaging Board Approves 1:1 Bonus Issue, 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 board also approved increasing authorized share capital, appointing Mr. Rana Pratap Janumahanti as Whole Time Director, and Mr. Chintamaneni Vasant Kumar Roy as Non-Executive Independent Director. The AGM is on September 21, 2026.
The bonus issue and dividend recommendation directly impact shareholders. The increase in authorized capital and new director appointments suggest significant strategic moves for the company.
The company announced a bonus share issue and recommended a final dividend, which are positive financial actions for shareholders. The appointment of new directors also indicates strategic expansion.
Mold-Tek Packaging Limited's Board of Directors, in a meeting held on August 26, 2026, approved a recommendation for a bonus share issue in the ratio of 1:1. This means one equity share of ₹5 each will be issued for every one equity share of ₹5 held, subject to shareholder approval.
The Board also recommended a final dividend of ₹3 per equity share (60%) for the financial year ended March 31, 2026, to be declared at the upcoming Annual General Meeting. The company will announce the record dates for both the bonus issue and the final dividend in due course.
Furthermore, the authorized share capital of the company is set to increase from ₹20 crore to ₹40 crore, subject to shareholder approval. The Board approved the appointment of Mr. Rana Pratap Janumahanti as Director - Marketing and Strategy (Whole Time Director), effective October 1, 2026, and Mr. Chintamaneni Vasant Kumar Roy as an Additional Director and Non-Executive Independent Director for a five-year term, effective August 26, 2026, both pending shareholder approval.
Additionally, the Board noted a change in designation for Mr. Subramanyam Adivishnu and Mr. P. Venkateswara Rao from Deputy Managing Directors to Technical Director and Commercial Director (both Whole Time Directors) respectively, effective April 1, 2027. The 29th Annual General Meeting is scheduled for September 21, 2026.
A plain-language summary of a public exchange filing by Mold-Tek Packaging Limited. Read the original for the full detail.