After Rs 82/Share Dividend, Mid Cap Company Set To Consider Bonus Issue

Soon after declaring Rs 82/share dividend, mid cap holding company Kama Holdings Limited is all set to consider bonus issue now. Earlier, board of Kama Holdings fixed August 31, 2023 as the record date for Dividend. Kama Holdings shares soared 10.21% intraday on Monday (August 28, 2023). Meanwhile, the company will consider issuance of bonus issue on September 1, 2023. Check relevant details pertaining to bonus issue and dividend of Kama Holdings below:

Kama Holdings Limited To Consider Bonus Issue Soon: According to the BSE filing of Kama Holdings dated August 25, 2023, "In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that a meeting of the Board of Directors of the Company shall be held on Friday, 01.09.2023 to consider issuance of bonus shares subject to approval by the shareholders of the Company."

Kama Holdings Limited To Go Ex-Dividend Soon: The company declared Rs 82 per share dividend in its meeting held on August 23, 2023. According to the exchange filing, "We wish to inform you that the Board of Directors at its meeting held today has declared interim dividend @ 820% i.e. Rs. 82 per share on the p aid-up equity share capital of the Company. Dividend would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Thursday, the 31st August 2023 which has already been communicated to Exchanges by letter dated 16th August, 2023. The date of payment of interim equity dividend will be Thursday, the 21st September, 2023."

Kama Holdings Limited Stock Performance & Return: Current market price of Kama Holdings Limited share on BSE is Rs 13,529.95 apiece. Its 52-week high price is Rs 14,600.00 apiece and 52-week low price is Rs 11,750.10 apiece, respectively. Its market capitalisation is Rs 8,683.68 crore. Kama Holdings shares gained 11% in last 1-week, soared 11% again in last 2-weeks, rallied 7% in last 1-year, and jumped 160% in last 3-years. In last 10-years, Kama Holdings stock skyrocketed 4336.76%.

Kama Holdings Financials: The company for the quarter ended June 30, 2023 declared a decline of 10.73% in its consolidated total income at Rs 3,363.96 crore as against its last quarter total income of Rs 3,768.35 crore. It announced its recent quarter net profit after tax at Rs 361.68 crore. It reported a 15% surge in its revenue for the quarter ended June 30, 2023 at Rs 8.07 crore as against Rs 6.97 crore in the corresponding quarter last year.

Kama Holdings About: It is a leading core investment company engaged in the business of holding long-term investments in its subsidiaries. Its key segments are technical textiles business, chemicals business, and packaging film business, among others.

Disclaimer

The stock just highlights the dividend, bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.