NBCC Rewards Shareholders with Generous 1:2 Ratio Bonus Shares Announcement

                Bonus share issue: NBCC (India) Limited Board 
of Directors approved the issuance of 90 crore 
new equity shares as bonus shares to its 
shareholders, marking a notable event in the 
company's ongoing financial activities, on 
August 31.
October 31, 2024, is the estimated date by 
which such bonus shares would be 
credited/dispatched, within two months from 
the date of approval of the Board.
These bonus shares will be issued in the ratio 
of 1:2, meaning that shareholders will receive 
one new fully paid-up equity share of ₹1 for 
every two existing fully paid-up equity shares 
of the same value. The issuance will be 
financed through the company's free reserves, 
created out of profits, which amount to ₹1,959 
crore as of March 31, 2024. To facilitate this 
bonus issue, ₹90 crore from these reserves will 
be utilized.
“The Board of Directors has recommended the 
issuance of Bonus Shares to the Shareholders 
of the Company in the ratio of 1:2 i.e., 1 (One) 
new fully paid-up Equity Share of ₹ 1/- 
each for every 2 (Two) existing fully paid-up 
Equity Share of ₹ 1/- each to the eligible 
members of the Company as on Record Date, 
subject to the approval of the Shareholders in 
the 
forthcoming Annual General Meeting,” NBCC 
India announced in an exchange filing.
The Company has a balance of ₹ 1,959 crore 
being reserves & surplus available for 
capitalization as per Audited Financial 
Statements on March 31, 2024.
NBCC share price history
The company's stock has seen remarkable 
growth this year, skyrocketing by over 251 per 
cent, rising from ₹52.76 to ₹186.35. Investors 
have flocked to this Navaratna stock, driven 
by a consistent stream of order wins. This 
strong performance has solidified the stock's 
reputation as a preferred choice for those 
aiming to capitalize on its growth potential.
NBCC's market capitalisation stands at 
₹33,543.00 crore on the BSE as of September 
1, 2024.
NBCC stock closed in the red, down 4.29 per 
cent, at ₹186.35, as per BSE, on August 30. 
NBCC stock hit a record high of ₹209.75 on 
August 28, 2024, and fell to a 52-week low of 
₹51.00 on August 30, 2023, as per NSE.
Bonus issue shares record dates and more 
details
Pre-bonus issued share capital: 180,00,00,000 
shares ( ₹180,00,00,000)
Post-bonus issued share capital: 270,00,00,000 
shares ( ₹270,00,00,000)
The company has set Monday, October 07, 
2024, as the record date to determine the 
eligibility of shareholders entitled to receive 
these bonus shares. Following the bonus 
issue, the 
company's share capital will increase from 180 
crore shares to 270 crore shares, with the total 
share capital rising correspondingly from ₹180 
crore to ₹270 crore.
This decision by the NBCC Board is pending 
approval from the shareholders at the 
upcoming Annual General Meeting. The 
company has assured that the bonus shares 
will be 
credited or dispatched to eligible shareholders 
by October 31, 2024, ensuring compliance with 
regulatory requirements and timelines.

Source : Live Mint