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