1:1 Bonus Shares: Penny Stock Below Rs 1 Announces New Record Date; Hidden Gem Or Bearish Trap?

Indian real estate and infrastructure firm KBC Global Limited, formerly Karda Constructions Limited, specializes in residential, commercial, and EPC projects. Projects like Hari Sanskruti, Hari Anand, Hari Krishna, Hari Sparsh, and others have been developed by KBC Global in the past. The business was first established in 2007 under the name Karda Constructions Private Limited, updated its name to KBC Global Limited in September 2021, and became a public limited company in 2016. Following the Board's announcement of the record date for 1:1 bonus shares, with a market valuation of Rs 261.44Cr, KBC Global's shares closed 0.99% down on the NSE on Wednesday at Rs 1.00 per share.

KBC Global Bonus Shares Record Date

"Pursuant to Regulation 42 (2) of the SEBI (LODR) 2015, the Company has fixed the 'Record Date' i.e. Friday, April 4,2025 to determine eligible shareholders entitled to receive the Bonus Shares. The issuance of Bonus Shares is approved of members in Extra Ordinary General Meeting scheduled to be held on Saturday, March 22,2025," said KBC Global in a regulatory filing.

Earlier, the company had fixed March 28,2025 as the record date for determining eligible shareholders entitled to receive the bonus shares.

KBC Global Bonus Shares Issuance Date

The Board of Directors at their meeting held on February 15,2025 inter-alia considered and approved the "Recommendation of issuance of fully paid up Bonus Share in the ratio of 1:1 i. e. 1(One) Equity Share for every 1 (One) fully paid up Equity Shares of Rs. 1/- each subject to approval of the shareholders of the Company," KBC Global informed stock exchanges.

The pre-bonus 2,61,43,79,226/- paid consisting up share of capital 2,61,43,79,226/- shares of Rs. 1/- each whereas post-bonus paid up share capital shall be Rs. 5,22,87,58,452/- consisting shares of Rs. 1/- each according to KBC Global.

KBC Global Share Price Target

"KBC Global stock price is slightly bullish on the Daily charts with strong support at 0.94. A Daily close above resistance of 1.04 could lead to a target of 1.17 in the near term," commented A R Ramachandran, Independent Research Analyst.

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