Penny stock KBC Global withdraws bonus shares record date. Details here

Penny stock KBC Global fell over 2 per cent to ₹1.01 apiece on Thursday, March 27, after the company informed that it has withdrawn the record date for the issue of bonus shares.

“This is to inform that in regard with the letter dated March 06, 2025, company is withdrawing the ‘Record Date’ fixed as on March 28, 2025, for determining eligible shareholders entitled to receive the Bonus Shares,” the company said in an exchange filing on March 26.

KBC Global bonus share issue details

In February, KBC Global announced that the board has approved the issue of bonus shares in the ratio of 1:1 (one bonus equity share for every one fully paid equity share of ₹1 each).

“Recommendation of issuance of fully paid up Bonus Share in the ratio of 1:1 i. e. 1(One) Equity Share for every 1 (One) fully paid up Equity Shares of Rs. 1/- each subject to approval of the shareholders of the Company,” the company said in an exchange filing dated February 15.

The bonus equity shares will be allocated from the company’s eligible reserves, including free reserves, securities premium account, and capital redemption reserve, as of March 31, 2024.

A total of ₹261.43 crore will be used for this bonus issue, with shares expected to be credited within 60 days of Board approval. Currently, the company’s share capital stands at ₹261.43 crore, comprising an equal number of equity shares of ₹1 each, which will double to ₹522.87 crore after the bonus issue.

KBC Global is an Indian real estate development and construction company. Its portfolio includes residential and commercial projects such as Hari Gokuldham, Hari Vishwa, Hari Om II, and Hari Sagar. The company's registered office is situated in Nashik, Maharashtra.

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