NBCC (India) Ltd board proposes 1:2 bonus share issue, funded by ₹90 crore from free reserves, pending approval at AGM.
NBCC (India) Ltd's board has proposed a 1:2 bonus share issue, granting one new share for every two held, pending shareholder approval at the upcoming AGM. The record date for eligibility is October 7, 2024. This initiative, funded by ₹90 crore from free reserves, aims to reward shareholders and reflects the company's strong financial health. If approved, the paid-up capital will rise from ₹180 crore to ₹270 crore. The last bonus issue occurred in 2017.
August 31, 2024
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