KPI Green Energy to consider bonus issue, stock split on November 14
KPI Green Energy today announced it will be considering the issuance of bonus shares along with a stock split in its upcoming board meeting, which is scheduled for November 14.
“We wish to inform you that, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, November 14, 2024 at the Registered Office of the Company, inter alia, to transact the following matters: 1. To consider the proposal for issue of bonus equity shares to the shareholders of the Company. 2. To consider and approve increase in authorized share capital of the company inter alia to accommodate issue of bonus equity shares, if any,” said the company in an exchange filing.
The company has not provided any further information yet.
Prior to this, the company has split its shares once in July 2024 from a face value of Rs 10 per share to Rs 5 per share, according to the Trendlyne data.
The same data states that the company has issued bonus shares to its shareholders twice. In February 2024, the KPI Green Energy had issued bonus shares in the ratio 1:2 and had issued bonus shares in the ratio of 1:1 earlier in January 2023.
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