Padam Cotton Yarns Bonus Share Issue : Padam Cotton Yarns Limited and KBC Global Limited have recently announced bonus share issues to reward their shareholders. Here’s a detailed overview of each company’s Bonus Issue:
Padam Cotton Yarns Limited-Padam Cotton Yarns Bonus Share Issue
- Bonus Ratio: 2:3 (Shareholders will receive 2 additional shares for every 3 shares held).
- Announcement Date: February 28, 2025.
- Record Date: March 18, 2025.
- Ex-Bonus Date: March 18, 2025.
- Details: The company has secured in-principle approval for issuing up to 5,164,000 bonus equity shares in this 2:3 ratio. This means shareholders will receive two additional shares for every three held, with each share having a face value of ₹10.
This bonus issue follows a previous 1:1 bonus announced on November 27, 2024, with an ex-bonus date of January 8, 2025.
KBC Global Limited
- Bonus Ratio: 1:1 (Shareholders will receive 1 additional share for every share held).
- Announcement Date: February 15, 2025.
- Record Date: March 28, 2025.
- Ex-Bonus Date: March 28, 2025.
- Details: The company’s board approved the issuance of fully paid-up bonus shares in the ratio of 1:1, meaning that the company will issue one equity share for each share held.
Additionally, KBC Global has proposed changing its name to Dharan Infra-EPC Limited and plans to reduce debt to expedite expansion plans and turn around business operations.
Shareholders are advised to ensure they hold the company’s shares before the ex-bonus date to be eligible for the bonus shares.
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