Want 1:1 Bonus Shares? This Realty Stock Sets July 8 As Cut-off For Eligibility; Buy Ahead of Record Date?

Meghna Infracon Infrastructure Limited is an Indian real estate developer. The firm has built a foothold in the luxurious areas of Goregaon and Andheri, where they have residential developments. In the residential real estate market in Western Mumbai, Meghna Infracon Infrastructure Limited is a rising star.

Meghna Infracon Infrastructure Upcoming Bonus Shares

"Please note that the Members of the company have approved the issue of Bonus Shares in the proportion of 1 (One) Bonus Equity Share of Rs. 10/- (Rupees Ten Only) each for every 1 (One) fully paid-up Equity Share of Rs. 10/- (Rupees Ten Only) each, existing Equity Share held by the Members and that the Bonus Shares so distributed shall, for all purpose, be treated as an increase in the paid-up capital of the Company. We further wish to inform that the Board of Directors of the Company have approved and fixed July 08, 2025 as the Record Date for the purpose deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account," said Meghna Infracon Infrastructure in a stock exchange filing.

"Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Rs. 10/- (Rupees Ten Only) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the Record Date of July 08, 2025. The fully paid-up Bonus Shares shall be distributed to the Members of the Company, whose names appear on the Register of Members as on July 08, 2025, of the Company. The Bonus Shares so allotted shall rank pari-passu in all respects with the fully paid-up Equity Shares of the Company as existing on July 08, 2025," Meghna Infracon Infrastructure further informed the stock exchanges.

Meghna Infracon Infrastructure News

Meghna Infracon Infrastructure Limited, one of Mumbai's top real estate companies, signed a development agreement on Monday, June 23rd, to redevelop a residential project in Dadar/Prabhadevi, Mumbai, that will span around 31,000 square feet. The project will generate an estimated Rs 800 million in revenue. Having developed several gated communities in the Mumbai Metropolitan area, this new development represents the group's foray into Dadar/Prabhadevi. It is projected that the project will begin in CY 2025.

Commenting on this development, Mr. Vikram Jayantilal Lodha, Managing Director said, "This development is a part of our strategy to focus on fast growing aspirational segment of Real Estate market. Dadar/Prabhadevi has great connectivity and accessibility. This agreement aligns with our expansion strategy and helps us enter one of the growing micro markets in the city."

Meghna Infracon Infrastructure Share Price Target

"Meghna Infracon stock price is bearish on the Daily charts with strong resistance at 1165. A Daily close below support of 1060 could lead to a target of 992 in the near term," commented A R Ramachandran, independent research analyst.

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