Kotyark Industries Limited has officially informed the stock exchanges regarding the outcome of its Board Meeting held on May 14, 2026. The board has approved a massive increase in the company’s authorized share capital and recommended the issuance of bonus equity shares to its shareholders. These decisions are subject to shareholder approval through a postal ballot process.

The Board has proposed increasing the Authorized Share Capital from ₹23 Crore to ₹200 Crore, divided into 20 Crore equity shares of ₹10 each. Alongside this, a bonus issue in the ratio of 10:1 has been recommended, meaning shareholders will receive 10 new bonus equity shares for every 1 existing share held as of a future record date. This move will expand the paid-up share capital from approximately ₹10.28 Crore to ₹113.07 Crore. The company also noted that a previously recommended dividend of ₹5 per share will be proportionately adjusted post-bonus to maintain the total payout amount.

Kotyark Industries is a prominent player in the renewable energy sector, specifically focusing on the manufacturing of biodiesel. In 2025, the company continued to capitalize on the Indian government’s push for 20% biodiesel blending, which serves as a significant structural tailwind for its core business model. Throughout the year, the company focused on aggressive capacity expansion, including the development of high-capacity biodiesel plants in Gujarat to meet growing demand. The company also successfully completed the amalgamation of Pradhani Bio-Energy Pvt. Ltd. into its operations, strengthening its market position in the green energy ecosystem.

The company’s financial performance for the quarter ended March 2026 showed substantial growth, with consolidated net sales reaching ₹63.66 Crore, a significant rise compared to ₹19.86 Crore in the corresponding quarter of the previous year. Net profit for the same period surged by 543.45% to ₹9.33 Crore, up from ₹1.45 Crore in March 2025. While the company experienced some sequential revenue volatility—down from ₹103.89 Crore in December 2025—it achieved a dramatic expansion in operating margins, which hit 30.08% in the March quarter. This growth is supported by efficient feedstock sourcing and operational leverage from its expanded production facilities.