Description
Kretto Syscon Limited announces bonus issue of equity shares in the ratio of 4:5, with allotment on August 26, 2025 and listing on August 28, 2025.
Summary
Kretto Syscon Limited (Scrip Code: 531328, ISIN: INE128R01023) has announced a bonus issue of equity shares. The company will issue 5,01,75,397 new equity shares of face value Rs. 1/- each in the ratio of 4:5 to existing shareholders. The bonus shares are deemed allotted on August 26, 2025, with effective listing on August 28, 2025.
Key Points
- Bonus ratio: 4 new shares for every 5 existing shares held
- Total new shares to be issued: 5,01,75,397 equity shares
- Face value: Rs. 1/- per share (post-split)
- Issue price: Rs. 1/- per share
- No reservation or abeyance of bonus shares
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Company must complete allotment process by deemed allotment date
- New shares must be listed on BSE by effective listing date
- Shareholders entitled to bonus shares based on record date
Important Dates
- Board approval date: July 15, 2025
- Shareholder approval date: August 16, 2025
- Deemed allotment date: August 26, 2025
- Effective listing date: August 28, 2025
Impact Assessment
The bonus issue will increase the total paid-up share capital from Rs. 62,71,92,456 to Rs. 67,73,67,853, representing an increase of approximately 8%. This corporate action will improve liquidity of the stock and make shares more affordable for retail investors. Existing shareholders will receive additional shares without any cash outflow, maintaining their proportionate ownership in the company.
Impact Justification
Corporate action affecting existing shareholders with new share listing