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PNN
Rajkot (Gujarat) [India], July 7: Mayank Cattle Food Limited has announced that its Board of Directors, at its meeting held on July 07, 2026, approved the issuance of Bonus Equity Shares in the ratio of 1:1, subject to the approval of the members of the Company. Under the approved proposal, shareholders will receive one (1) fully paid-up Bonus Equity Share of face value 10 each for every one (1) fully paid-up Equity Share of face value 10 each held as on the Record Date, which will be announced separately. The proposed bonus issue involves the capitalization of a sum not exceeding 5.40 crore from the Company's retained earnings (free reserves) for the issuance of approximately 54,00,000 Bonus Equity Shares of face value 10 each. Upon completion of the bonus issue, the Company's paid-up equity share capital will increase from 54,00,000 equity shares to 1,08,00,000 equity shares, subject to receipt of the necessary approvals. Authorised Share Capital IncreasedTo facilitate the proposed bonus issue, the Board has also approved an increase in the Company's authorised share capital from 6.00 crore to 12.00 crore, subject to approval of the members. Key Highlights - Bonus Issue Ratio: 1:1 (One Bonus Equity Share for every One Equity Share held) - Bonus Shares Proposed: 54,00,000 Equity Shares - Issue Size: 5.40 Crore - Authorised Share Capital: Increased from 6.00 Crore to 12.00 Crore - Record Date: To be announced in due course About Mayank Cattle Food LimitedMayank Cattle Food Ltd. is engaged in the manufacturing and marketing of cattle feed and animal nutrition products. The company caters to the growing needs of the livestock and dairy sectors by offering quality feed solutions designed to improve animal health and productivity. Over the years, the company has focused on expanding its market presence, strengthening its distribution network, and enhancing operational efficiencies. Its commitment to product quality and customer satisfaction has enabled it to establish a strong position in the cattle feed industry. The company continues to emphasize sustainable growth, innovation, and responsible business practices. By maintaining high standards of corporate governance and transparency, Mayank Cattle Food Ltd. aims to create long-term value for its shareholders while contributing to the development of the agricultural and livestock ecosystem. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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