Penny stock KBC Global is set to attract attention this week. The company has fixed April 4 as the new record date for issuing bonus shares in a 1:1 ratio. Initially, the record date was set for March 28 but was later revised.
The board of KBC Global approved this bonus share allocation in a meeting held on March 22.
A 1:1 bonus share ratio means that for every share an investor holds, they will receive one additional share at no extra cost. Today, the company’s stock saw a slight increase, reaching Rs 1.03.
Important Details for Investors
According to the T+1 settlement system, investors must buy shares at least one day before the record date to be eligible for bonus shares.
Therefore, April 3 is the last day to purchase KBC Global shares to qualify for the allotment.
Previously, in 2021, the company had announced a bonus share issuance in a 4:1 ratio, with August 2021 as the record date.
December Quarter Financial Results
KBC Global reported a standalone loss of ₹20.76 crore for the December quarter, compared to a loss of ₹29.88 crore in the same quarter of the previous fiscal year.
The company’s operational income saw a significant decline of 91% year-on-year, dropping from ₹12.58 crore to ₹1.09 crore.
From its 52-week high of ₹2.56 in November 2024, the stock has declined by 60%. According to BSE data, the stock has been in a base-building phase for the past year, showing a 44% decline.
