Mayank Cattle Food Limited has fixed August 24, 2026, as the record date for its 1:1 bonus share issue, confirming the timeline for distributing up to 54,00,000 new equity shares. The company announced that shareholders holding stock on this date will be eligible to receive one new fully paid-up equity share of ₹10 each for every existing share held. This development follows the unanimous approval of the bonus issue by shareholders at the Annual General Meeting held on August 6, 2026.

The deemed date of allotment is set for Tuesday, August 25, 2026, in compliance with SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated September 16, 2024. Mayank Cattle Food committed to submitting requisite documents to the depository by 12:00 p.m. on the allotment date. Consequently, the bonus shares will be credited to demat accounts and made available for trading on Wednesday, August 26, 2026. The issuance was preceded by in-principle approval from Bombay Stock Exchange Limited under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, received on August 7, 2026.

Bonus Issue Details

The capital structure adjustment involves issuing bonus shares in a ratio of 1:1. The total number of bonus equity shares proposed is up to 54,00,000, each with a face value of ₹10. The move aims to reward existing shareholders without cash outflow while increasing the authorized share capital, which was also approved during the AGM.

Governance and Leadership Stability

The bonus issue announcement coincides with significant governance updates ratified at the same AGM. Shareholders re-appointed five key directors, including Chairman and Managing Director Bharatkumar Popatlal Vachhani, Whole-Time Directors Ajay Popatlal Vachhani, Tanmai Ajaybhai Vachhani, and Mayank Bharatkumar Vachhani, and Independent Director Ekta Ankur Dholakia. Remuneration revisions for five senior executives, including CFO Ankit Bharatbhai Vachhani, were also approved with 99.47% support.

What the Numbers Show

The rapid execution of the bonus issue—from AGM approval on August 6 to the finalization of the record date by August 8—demonstrates operational efficiency and strong alignment between management and regulatory bodies. By increasing the authorized capital alongside the bonus issue, Mayank Cattle Food ensures it retains the legal capacity for future equity fundraising without requiring immediate further shareholder approvals. The stability in leadership, evidenced by the re-appointment of all key whole-time directors, suggests a consistent strategic direction as the company expands its share base.

Mayank Cattle Food Limited has scheduled its 28th Annual General Meeting for August 06, 2026, at 12.30 p.m. at its registered office in Rajkot, Gujarat. The company reported a 21.03% increase in net profit to ₹601.81 lakhs for the financial year ended March 31, 2026, compared to ₹497.25 lakhs in the previous year. Income from operations grew 3.15% to ₹40,316.70 lakhs from ₹39,085.79 lakhs in FY25, while total income reached ₹40,367.64 lakhs. The company’s earnings per share (basic) improved to ₹11.14 from ₹9.21 in the prior year.

Shareholders will vote on a 1:1 bonus issue, capitalising ₹5.40 crore from retained earnings, and the re-appointment of key managerial personnel including the Managing Director and Whole-time Directors. The record date for determining eligibility for the bonus issue and e-voting is July 24, 2026. Remote e-voting facilities will be available from August 01, 2026, to August 05, 2026.

Proposed Re-appointments and Remuneration

The agenda also includes the ratification of the Cost Auditor’s remuneration and the re-appointment of Mrs. Ekta Ankur Dholakia as an Independent Director for a second term of five years.