Mold-Tek Technologies Limited has fixed October 9, 2026, as the record date for its proposed bonus issue. The board approved the date on September 28, 2026, following shareholder approval at the recent Annual General Meeting.

The company will issue one fully paid-up equity share of ₹2 each for every one existing equity share held. This corporate action capitalizes reserves from the Securities Premium Account and other permitted funds. The allotment is deemed to occur on October 12, 2026.

Bonus Issue Details

The bonus shares will rank pari-passu with existing equity shares in all respects. Shareholders whose names appear on the Register of Members as of the record date are eligible for the allotment.

AGM Resolutions and Governance Context

The bonus issue was one of ten resolutions approved by shareholders at the 29th Annual General Meeting held on September 21, 2026. The meeting also saw the approval of a final dividend of ₹3 per share and significant board restructuring measures.

Board Appointments and Restructuring

Shareholders approved changes to the board composition, including:

• Appointment of Mr. Vasant Kumar Roy Chintamaneni as Non-Executive Independent Director.
• Re-appointment of Mr. A. Subramanyam, who retired by rotation.
• Change in designation for Mr. Subramanyam Adivishnu to Technical Director (Whole-Time Director).
• Change in designation for Mr. P. Venkateswara Rao to Commercial Director (Whole-Time Director).
• Appointment of Mr. Rana Pratap Janumahanti as Director-Marketing and Strategy (Whole-Time Director).

The AGM also approved an increase in authorized capital and the alteration of the capital clause in the Memorandum of Association.

Voting Results Summary

The voting outcomes for key resolutions highlight a divergence between promoter support and institutional sentiment.

What the Numbers Show

While all resolutions passed, the voting patterns reveal significant institutional reservations regarding governance. The appointment of Mr. Chintamaneni Vasant Kumar Roy as Non-Executive Independent Director faced 20.55% total opposition, with institutions casting 95.37% of their votes against this specific resolution. Similarly, the remuneration for Chairman and Managing Director Lakshmana Rao Janumahanti received 6.03% votes against, driven primarily by institutional investors who voted against it with 27.97% opposition within their category. This suggests that while retail and non-institutional public shareholders largely aligned with management, institutional investors expressed significant reservations regarding executive compensation and board independence.

Mold-Tek Packaging has scheduled its 29th Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting aims to seek shareholder approval for a proposed 1:1 bonus issue of equity shares. The company will conduct the AGM through video conferencing or other audio-visual means.

The Board of Directors fixed Monday, September 14, 2026, as the record date for determining eligibility for the final dividend and voting rights at the AGM. Shareholders holding shares on this date will be entitled to vote on the resolutions presented.

Bonus issue details

The proposed capitalization involves issuing one fully paid-up equity share for every existing share held by eligible shareholders. This move is intended to reflect the company's financial resilience and enhance liquidity for retail investors.

The paid-up equity share capital will increase from ₹16,61,44,570 to ₹33,22,89,140. Correspondingly, the number of equity shares will rise from 3,32,28,914 to 6,64,57,828, with each share retaining a face value of ₹5. The company reported free reserves of ₹655 crore as on March 31, 2026, which is sufficient to fund the capitalization. The board clarified that the proposal will not impact solvency margins or other financial parameters.

Dividend and AGM logistics

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 15, 2026, to Monday, September 21, 2026. This closure facilitates the AGM and finalizes dividend entitlements pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (LODR) Regulations, 2015.

The agenda for the AGM includes:

• Approval of the 1:1 bonus issue.
• Increase in authorized share capital.
• Appointment of new directors.

Authorized capital increase

The board approved increasing the authorized share capital from ₹20 crore (4 crore shares) to ₹40 crore (8 crore shares). This requires an amendment to Clause V of the Memorandum of Association and subsequent shareholder approval.

Board appointments

The company made two key board appointments subject to shareholder approval:

• Mr. Rana Pratap Janumahanti appointed as Director-Marketing and Strategy (Whole Time Director) effective October 1, 2026, for five years. He holds an MBA from IIM Lucknow and a Bachelor's in Industrial Engineering from IIT Delhi. He is the son of Chairman and Managing Director Lakshmana Rao Janumahanti.
• Mr. Chintamaneni Vasant Kumar Roy appointed as Additional Director and Non-Executive Independent Director effective August 26, 2026, for five years. He brings over four decades of experience in industrial sales, manufacturing, and entrepreneurship.

Additionally, the board noted the change in designation of Mr. Subramanyam Adivishnu to Technical Director (Whole-Time Director) and Mr. P. Venkateswara Rao to Commercial Director (Whole Time Director) effective April 1, 2027, for their remaining tenure till March 31, 2029.

Leadership transition

Chairman and Managing Director Lakshmana Rao Janumahanti highlighted the structured leadership transition, noting that Mr. Rana Pratap Janumahanti has been associated with the company for 14 years. He has played a key role in strengthening marketing initiatives and the pharmaceutical packaging business.