Utssav CZ Gold Jewels has approved a 1:1 bonus share issue, under which eligible shareholders will receive one fully paid-up equity share for every share held. The proposal, approved by the company's board on 23, October, is subject to shareholders' approval and other regulatory clearances.
The proposed bonus issue will involve the allotment of 2.5 crore shares of ₹10 each, taking the company's total outstanding equity shares to 5 crore from 2.5 crore. Consequently, its paid-up equity share capital will double to ₹49.996 crore from ₹24.998 crore.
The company said the bonus shares will be issued by capitalising its securities premium, free reserves and retained earnings available as of 31 March 2026.
The shares are expected to be credited to eligible shareholders within 60 days of the board's approval, subject to the necessary shareholder and regulatory approvals. However, the company has not yet announced the record date, which will determine the shareholders eligible for the bonus issue.
The board has also approved a proposal to increase the company's authorised share capital to ₹60 crore from ₹24.998 crore. The revised capital will be divided into 6 crore equity shares of ₹10 each.