Get Ready! 1:1 Bonus Shares Coming, Are You Holding The Stock Before The Record Date On March 28?

KBC Global Limited is an Indian firm in the real estate sector. In September 2021, the company changed its name to Karda Constructions Limited. On September 17, 2007, the company was formed under the name Karda Constructions Private Limited. KBC Global's market value was Rs 291.39 Cr at its most recent trading price of Rs 1.12 per share. With a record date in March, the corporation has announced a 1:1 bonus share. To qualify for the bonus issue, follow these trading guidelines.

KBC Global Bonus Shares Record Date

"Pursuant to Regulation 42 (2) of the SEBI (LODR) 2015, the Company has fixed the 'Record Date' i.e. Friday, March 28,2025 to determine eligible shareholders entitled to receive the Bonus Shares. The issuance of Bonus Shares shall be subject to the approval of members in Extra Ordinary General Meeting scheduled to be held on Saturday, March 22,2025. The Outcome of the Meeting on the proposal as stated above shall be informed accordingly," said KBC Global in a stock exchange filing.

KBC Global Bonus Shares Ratio

"The equity shares of the Company are listed on National Stock Exchange of India Limited and BSE Limited. With a view to appreciation of continuing support from shareholders of the Company, subject to the consent of the members of the Company, the Board in its meeting held on February 15,2025 approved and recommended issue of Bonus Equity Shares of ₹ 1/- (Rupees One only) each credited as fully paid up to eligible members of the Company in the proportion of 1:1 i.e. 1(One) new fully paid-up equity shares of ₹ 1/- (Rupee One only) each for every 1(One) existing fully paid-up equity share of ₹ 1/- (Rupee One only) each by capitalising a sum of ₹ 261,43,79,226/- (Rupees Two Hundred Sixty One Crore Forty Three Lakhs Seventy Nine Thousand Two Hundred Twenty six only) out of the ₹ 798,63,12,413/- (Rupees Seven Hundred Ninety Eight Crore Sixty Three Lakhs Twelve Thousand Four Hundred and Thirteen only) i.e. permissible reserves (Free Reserves and / or Securities Premium Account)," said KBC Global in a regulatory filing.

KBC Global Share Price Target

"KBC Global stock price is bullish on the Daily charts with strong support at 1.08. A Daily close above resistance of 1.15 could lead to a target of 1.50 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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