08 Apr 2026 | 3 Mins Read
Alka India soars 5% with 6:1 bonus shares
Flipitmoney
Alka India shares hit a 5% upper circuit on April 8, 2026, reaching ₹14.94 on the BSE after the board announced a 6:1 bonus issue specifically for public shareholders to meet regulatory compliance. The move aims to increase public float from 5% to comply with SEBI's 25% Minimum Public Shareholding (MPS) rules.