4:1 Bonus Issue: Holding Co To Consider Dividend On Aug 22, Shares Zoom

Board of Directors of small cap Holding Sector company Kama Holdings Limited will hold meeting on August 22 to consider the proposal of interim dividend for the FY 2024-25. The company fixed August 30, 2024 as the record date for interim dividend. Current market price of Kama Holdings Ltd shares on BSE is Rs 2748.00 with gain of 2.42% in trade today. Kama Holdings has a market capitalisation of Rs 8818.49 crore. Kama Holdings shares offered return of 11% in last 3-months and slipped over 2% in last 1-week. The company recommended 4:1 bonus issue in 2023. Check details below:

Kama Holdings To Consider Interim Dividend: As per the BSE filing of Kama Holdings issued as on August 16, 2024, "A meeting of the Board of Directors is scheduled to be held on Thursday, the 22 nd August, 2024 for, interalia, considering a proposal for declaration of interim dividend for the financial year 2024-25 on Equity Shares. The Interim Dividend, if declared, would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Friday, the 30 th August, 2024."

Kama Holdings Financials: The company for the quarter ended June 30, 2024 declared its total revenue from operations at Rs 3500.74 crore as against Rs 3362.62 crore declared in the corresponding quarter of last year. The total income of Kama Holdings for the June 2024 quarter came at Rs 3507.91 crore as compared to Rs 3363.96 crore declared in the similar quarter of last year. The company announced its profit for the quarter under review at Rs 251.20 crore as compared to Rs 361.68 crore declared in the similar quarter of last year.

Kama Holdings Shares Performance: The 52-week high price of Kama Holdings shares is Rs 3500.00 per share (as on 17/10/2023) and and 52-week low price is Rs 2349.00 per share (as on 4/06/2024), respectively. Kama Holdings shares gained 9% in last 6-months, slipped over 3% year-to-date, soared 14% in last 2-years, and surged 47% in last 3-years.

Kama Holdings Bonus Issue In 2023: Kama Holdings declared bonus share in the proportion of 4:1 in 2023. As per the exchange filing of Kama dated September 1, 2023, "the Board of Directors considered and approved Increase in the Authorised Share Capital and Bonus Issue of Equity Shares in the proportion of 4 (Four) Equity Share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company. The shares traded ex-bonus on October 17, 2023.

About: It is a leading core investment company engaged in the business of holding long-term investments in its subsidiaries. Its key segments are technical textiles business, chemicals business, and packaging film business, among others.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.