1:2 Bonus Share: Navratna NBCC Recommends Bonus Issue, Dividend Soon; Eligible?

Board of Directors of mid cap Navratna company

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NBCC (India) Recommends Bonus Share: According to the regulatory filing of NBCC (India) dated August 31, 2024, "The Board of Directors has recommended the issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1:2 i.e. 1 (One) new fully paid-up Equity Share of Re 1/- (Rupee One Only) each for every 2 (Two) existing fully paidup Equity Share of Re 1/- (Rupee One Only) each to the eligible members of the Company as on Record Date, subject to the approval of the Shareholders in the forthcoming Annual General Meeting."

NBCC (India) Sets Record Date For Bonus Share: The exchange filing added, "The Board has fixed Monday, October 07, 2024 as Record date to determine the eligibility of members to receive bonus shares. Other details are enclosed at Annexure-I."
NBCC Issues Record Date For Final Dividend: The exchange filing of NBCC (India) dated August 24, 2024 stated, "The Company has fixed Friday, September 06, 2024 as the Record Date for determining shareholders eligible to receive final dividend of Rs. 0.63/- per paid up equity share of Rs. 1/-each (i.e.@ 63%) for the FY 2023-24 subject to the approval of Shareholders at the 64th AGM of the shareholders."

NBCC (India) To Hold AGM On Sept 25: As per the BSE filing, "It is hereby informed that the NBCC's 64th Annual General Meeting is scheduled to be held on Wednesday, September 25, 2024 at 12:00 Noon (IST) through "Video Conferencing (VC)/ Other Audio Visual Means (OAVM)."

NBCC (India) Shares Performance: The 52-week high price of NBCC (India) shares on BSE is Rs 209.75 per share (as on 28/08/2024) and 52-week low price is Rs 51.10 per share (as on 31/08/2023), respectively. NBCC (India) shares soared 35% in last 3-months, rose 38% in last 6-months, and surged 439% in last 2-years. NBCC (India) stock rallied 427% in last 5-years.

NBCC Bonus Share History: NBCC (India) offered 1 bonus issue since February 17, 2017. The last Bonus that NBCC (India) declared was in the ratio 1:2 with ex-bonus date set as February 17, 2017."

How To Be Eligible For NBCC Dividend, Bonus Share? Record date plays key role in declaring eligibility of shareholders for dividend and bonus share. Shareholders whose name appear in company's shareholders record as on the record date will become eligible to receive dividend income and bonus share. Record date is the specific day on which a company confirms the list of shareholders eligible for its dividend distribution and bonus shares. NBCC set September 06, 2024 as the record date for final dividend and the record date for bonus share is October 7, 2024.

Shareholding: FII/FPI have increased holdings from 4.33% to 4.43% in June 2024 quarter. Number of FII/FPI investors increased from 119 to 155 in June 2024 quarter. Mutual Funds have increased holdings from 2.98% to 3.04% in June 2024 quarter. Number of MF schemes increased from 10 to 13 in June 2024 quarter, according to Trendlyne.

About NBCC: Founded in 1960 as a Government of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce.

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