The board of Mayank Cattle Food approved the allotment of 54,00,000 equity shares of face value ₹10 each as fully paid-up bonus equity shares during its meeting held on 25 August 2026. According to reports from Business Standard, the bonus shares were issued in the ratio of 1:1 to existing shareholders. The board meeting commenced at 11:00 am and concluded at 11:30 am on the same day. The record date for eligibility was set as August 24, 2026, with the company issuing one bonus share for every existing equity share held by members whose names appeared in the Register of Members or Beneficial Owners as on the record date. As reported by DSIJ, the company is a Gujarat-based entity with its registered address at Rajkot Jamnagar Highway, near Khandheri Stadium, Village Naranka, Taluka Paddhari, Rajkot, Gujarat.
Mayank Cattle Food announced the launch of its new veterinary health product MAYANK UDDERSAFE on August 24, 2026, marking a strategic expansion beyond its core maize oil and cattle feed manufacturing. According to the company disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the product is formulated to support udder health in dairy animals and help prevent and manage mastitis, a common infection in cows and buffaloes. Mr. Bharat Vachhani, Managing Director, stated that the product was crafted under veterinary guidance using natural ingredients, noting that the launch is expected to diversify income sources and enhance market penetration among health-conscious consumers. The product targets the domestic market and aims to reduce economic losses associated with treatment costs and decreased milk production by maintaining udder hygiene and strengthening natural defense mechanisms.
Following the bonus share allotment, the paid-up share capital of the company increased to ₹10,80,000, divided into 1,08,00,000 equity shares of face value ₹10 each. As reported by Business Standard, this represents a 100% increase in the company's share capital structure. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the company providing detailed information about the share structure changes through stock exchange filings. The latest corporate action effectively doubles the number of outstanding equity shares from 54 lakh shares before the bonus allotment to 1.08 crore shares after the allotment.
The bonus share allotment announcement had an immediate impact on Mayank Cattle Food stock performance. According to market reports, the company's share price fell 3.58% to ₹124.00, declining by ₹4.60 per share on Tuesday following the announcement. This market reaction occurred amid broader market weakness, with the benchmark Nifty 50 index falling 59.80 points (0.25%) to 24,159.25 during the trading session. The stock price decline reflects typical market response to corporate actions, particularly bonus issues that increase the number of outstanding shares. The company's stock has shown mixed performance with 1-day returns of -3.27%, 5-day gains of +7.86%, and 1-month returns of +17.91%, demonstrating volatility around the corporate announcements.
