Mold-Tek Packaging Recommends 1:1 Bonus Shares, ₹3 Final Dividend, Appoints New Directors
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 increase from ₹20 crore 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, dividend recommendation, increase in authorized capital, and appointment of key personnel are material events that can significantly impact the company's valuation and investor sentiment.
The announcement details positive corporate actions including a bonus share issue, final 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 held on August 26, 2026.
The Board approved and recommended the issue of bonus equity shares in a 1:1 ratio, meaning one bonus share for every one equity share held, subject to shareholder approval. The company will announce the record date for this bonus issue in due course. Approximately ₹16.61 crore will be utilized from the company's free reserves for this bonus issue, which 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 2025-26, to be declared at the upcoming Annual General Meeting. The record date for this dividend will also be intimated later.
In a move to enhance its capital structure, the company's authorized share capital will be increased from ₹20 crore to ₹40 crore, subject to shareholder approval. This involves an increase in the number of equity shares from 4 crore to 8 crore, each with a face value of ₹5.
Furthermore, the Board approved the appointment of Mr. Rana Pratap Janumahanti as Director - Marketing and Strategy (Whole Time Director), effective October 1, 2026, for a five-year term, pending shareholder approval. Mr. Janumahanti, son of Chairman and Managing Director Mr. Lakshmana Rao Janumahanti, holds an MBA from IIM Lucknow and a degree in Industrial Engineering from IIT Delhi, bringing over 14 years of experience within the company.
The Board also approved the appointment of Mr. Chintamaneni Vasant Kumar Roy as an Additional Director and Non-Executive Independent Director for a period of five consecutive years, effective August 26, 2026, subject to member approval. Mr. Roy, an engineer with extensive experience in industrial sales, manufacturing, and international business, is not related to any existing board member.
Changes in designations were also noted, with Mr. Subramanyam Adivishnu and Mr. P. Venkateswara Rao transitioning from Deputy Managing Directors to Technical Director (Whole-Time Director) and Commercial Director (Whole Time Director) respectively, effective April 1, 2027, for their remaining tenure until March 31, 2029.
The 29th Annual General Meeting (AGM) of the Company is scheduled to be held on Monday, September 21, 2026, conducted through video conference. The meeting commenced at 11:35 AM 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.