More Shares, More Gains! 1:1 Bonus Issue, 18th February Record Date; Double Your Stake?

Kothari Products Ltd. is a public limited company that was established on September 17, 1983. The business engages in a variety of operations in the domains of international trade, education, and real estate development. KPL offers business prospects in industries including international trade in imports and exports, real estate, and investments. Following the company's announcement of the record date for 1:1 bonus shares, Kothari Products' stock price saw a surge, opening higher on the NSE on Monday at Rs 189.30 per share, compared to the previous closing of Rs 180.33.

Kothari Products Bonus Shares

"We wish to inform that the Company has fixed "Record Date" as Tuesday, 18th February, 2025 (T day). Further, in compliance with SEBI Circular No. CIR/CFD/PoD/2024/122 dated September 16, 2024, we wish to inform you that the deemed date of allotment of 29843865 Bonus Shares of Rs. 10/- each in the proportion of 1:1 i.e. 1 new fully paid- up equity share of Rs. 10/- each for every 1 existing fully paid-up equity share of Rs. 10/- each to the eligible shareholders as on the record date, would be Wednesday, 19th February, 2025 (T+1). We further undertake to submit the requisite documents to the depository for credit of bonus shares in the depository system latest by 12 P.M. on 19th February, 2025 and will ensure that the shares allotted pursuant to the bonus issue shall be made available for trading on the next working date of allotment (T+2 day) i.e. by Thursday, 20th February, 2025. We request you to kindly take this on your record and issue notification in this regard accepting the record date and notifying the number of shares considered in the bonus issue," said Kothari Products in a stock exchange filing.

Kothari Products Q3 Result Date

" A meeting of the Board of Directors of the Company will be held on Friday, 14th February, 2025, interalia, to consider, approve and take on record the Un-audited Standalone and Consolidated Financial Results for the Third quarter & Nine months ended on 31st December, 2024. Further, pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015 and Insider Trading Code of the Company, the trading window for trading in the shares of the Company has already been closed from Wednesday, 1st January, 2025 and will reopen after 48 hours after the aforesaid results are made public on 14th February, 2025," the company informed stock exchanges.

Kothari Products Share Price Target

"Kothari Products stock price is bearish on the Daily charts with strong resistance at 189.3. A Daily close below support of 170 could lead to a target of 148 in the near term," recommended A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.