Dharti Proteins531171Bonus issue news

Bonus issue 1:1 for public shareholders, audited Q2 FY27 results and RTA change

Bonus issue recommended in the ratio 1:1 — 1 bonus equity share of Rs. 10/- each for every 1 fully paid-up equity share held by public shareholders (except Promoter and Promoter Group), subject to members' approval.

By ScoutQuest · Tue 13 Oct 2026, 7:58 PM IST · 4 min read

Bonus Issue Ratio: 1:1 — 1 bonus equity share of Rs. 10/- each for every 1 fully paid-up equity share held by public shareholders
Revenue from Operations (Q2 FY27): Rs. 285.13 lakhs
Profit for the Period (Q2 FY27): Rs. 337.24 lakhs

What the board decided

Dharti Proteins Ltd held its fourth board meeting of FY 2026-27 on Tuesday, 13 October 2026 and recommended a bonus issue of equity shares in the proportion of 1:1, that is 1 (One) bonus equity share of Rs. 10/- each for every 1 (One) fully paid-up equity share held by public shareholders (except Promoter and Promoter Group), as on the record date. The recommendation is subject to approval of the Members of the Company.

Why, in the update's words

The stated purpose is to achieve compliance with the minimum public shareholding requirement mandated under rule 19A of the Securities Contracts (Regulation) Rules, 1957 read with regulation 38 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

How shareholders get to vote

An Extra-Ordinary General Meeting is being called for Friday, the 06th day of November, 2026, through video conferencing and/or other audio-visual means, to seek shareholders' approval for the bonus issue.
Bigshare Services Private Limited has been appointed as the Remote E-Voting Agency for the resolutions proposed at the EGM.
M/s. Dharti Patel & Associates, Practicing Company Secretaries, has been appointed as Scrutinizer for the e-voting process.

Audited standalone results, quarter and half year ended 30 September 2026 (Rs. in lakhs)

Revenue from operations: 285.13
Other income: 314.50 for the quarter and 314.56 for the half year
Total revenue for the half year: 599.69
Total expenses: 158.28
Profit before tax: 441.35 for the quarter and 427.06 for the half year
Tax expense: 104.11
Profit for the period: 337.24 for the quarter and 322.96 for the half year
Basic and diluted earnings per share: 67.45 for the quarter and 64.59 for the half year
Paid up equity share capital: 50.00 (face value of Rs. 10/- each)

The statutory auditor has issued an unmodified report on these results.

Item the auditor highlighted

The auditor's report describes a key audit matter: during the quarter/period under review, the Company received a waiver of unsecured loan amounting to Rs. 314.50 lakhs from its Managing Director, who had advanced the said loan to the Company, as per the approved resolution plan, and the Company recognised the amount of loan waived as other income in the Statement of Profit and Loss for the period. The auditor evaluated the terms and conditions of the waiver, the supporting documentation, the accounting treatment and the adequacy of the related-party disclosures, and states that the opinion is not modified in respect of this matter.

Balance sheet position as at 30 September 2026 (Rs. in lakhs)

Total assets: 349.20
Total equity: 59.34, of which other equity is 09.34
Non-current borrowings: 40.00
Trade receivables: 285.13
Total current liabilities: 249.86

For comparison, as at 31 March 2026 the table shows total equity of -263.62 (other equity -313.62) and non-current borrowings of 334.11.

Other board approvals

Change in Registrar & Transfer Agent (RTA) from System Support Services to Bigshare Services Private Limited. System Support Services will continue to serve as the Company's RTA until the completion of data transition, shifting of electronic connectivity and other related procedures, along with receipt of necessary confirmations/approval from NSDL, CDSL and other authority. The formalities for the change, including documentation, execution of agreement, shifting of electronic connectivity and transition of data, will be done by the Company in due course.
Approval of the appointment of M/S J M Patel & Bros, Chartered Accountants as Tax Auditor of the Company for the Financial Year 2026-27, as recommended by the Audit Committee, to conduct the tax audit and furnish the Tax Audit Report in the prescribed Form specified under the Income Tax Act, 1961.
The board meeting commenced at 03:00 P.M. and concluded at 05:00 P.M.

Points a retail investor may note

The bonus issue is a board recommendation and is subject to members' approval at the EGM called for 06 November 2026.
The bonus shares are proposed only for public shareholders (except Promoter and Promoter Group), and the stated reason is the minimum public shareholding requirement.
The reported profit for the period includes the recognition of the unsecured loan waiver from the Managing Director as other income, which the auditor identified as a key audit matter.
The change of Registrar & Transfer Agent will be completed over time, with the existing RTA continuing till the transition and necessary confirmations are done.

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