KBC Global to Issue 1:1 Bonus Shares to Global Investors; Record Date Set for April 4th, Purchase Necessary by April 3rd. Share Price Down 60%, Q3 Reports ₹20.76 Crore Loss, Revenue Down 91%.
Bonus Share: Panny stock KBC Global (KBC Global) shares will trade ex-bonus this week. The company has decided to issue bonus shares to its investors at a ratio of 1:1. This means investors will receive one additional share for free for every share held. The record date for this bonus issue has been set as April 4th.
Record Date and Important Information for Investors
The company initially announced March 28th as the record date, but this was later revised to April 4th. Investors whose names appear in the company's books by the record date will be eligible for the bonus shares. Under the T+1 settlement system, investors must purchase the stock by April 3rd to receive the bonus shares. Previously, KBC Global issued bonus shares at a 4:1 ratio in August 2021.
KBC Global Q3 Results: Reduced Losses
The company released its third-quarter (Q3 FY25) results on March 27th. The company reported a standalone loss of ₹20.76 crore in the December quarter, compared to ₹29.88 crore in the same quarter of the previous year. However, the company's operational income saw a 91% decline, falling from ₹12.58 crore to ₹1.09 crore.
Share Performance: Stock Down 60% from 52-Week High
KBC Global's share price closed at ₹1.01 on Wednesday, down 0.98%. In November 2024, it reached a 52-week high of ₹2.56, but has since fallen by approximately 60%. According to BSE data, the stock has lost about 44% in the last year and remains in a base-building phase.
