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Kothari Products Bonus Issue of 1:1: Record Date to be Announced

Updated on: Dec 30, 2024, 3:10 PM IST
The bonus issue announced by Kothari Products will be made out of free reserves created from profits and the record date will be announced soon.
Kothari Products Bonus Issue of 1:1: Record Date to be Announced
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Kothari Products Limited has announced a bonus issue in the ratio of 1:1, meaning shareholders will receive one additional share for every share they currently hold. The company had previously issued a bonus of 1 free share for every 2 shares held in 2016 and 2 free shares for every 1 share held in 2014. The bonus issue will be made out of free reserves created from profits. The company is yet to decide the record date for the said 1:1 bonus issue

Details of Share Capital (Pre and Post-Bonus Issue)

  • Pre-Bonus Issue:
    • Authorised Capital: ₹31,50,00,000
    • Paid-up Share Capital: ₹29,84,38,650
  • Post-Bonus Issue:
    • Authorised Capital: ₹61,50,00,000
    • Paid-up Share Capital: ₹59,68,77,300

Free Reserves

The free reserves/share premium required for the bonus issue amounts to ₹29,84,38,650. The estimated date of credit/dispatch of Bonus Shares has been set on or before March 1, 2025.

Kothari Products Financial Performance

During Q2 FY25, Kothari Products reported a consolidated net loss of ₹120.12 crore in Q2 FY25 as compared with net profit of ₹0.44 crore in Q2 FY24. Net sales increased marginally higher to ₹256.90 crore in Q2 FY25 as compared with ₹265.79 crore in Q2 FY24.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 30, 2024, 9:11 AM IST

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