Description
KRETTO SYSCON LTD announces bonus issue of 5,01,75,397 shares in the ratio of 8:10, effective listing date August 28, 2025.
Summary
KRETTO SYSCON LTD (Scrip Code: 531328) has announced a bonus issue of equity shares. The company will allot 5,01,75,397 bonus shares at Re. 1 each, increasing the total paid-up capital from Rs. 62,71,92,456 to Rs. 67,73,67,853.
Key Points
- Company: KRETTO SYSCON LTD (Scrip Code: 531328, ISIN: INE128R01023)
- Bonus shares to be allotted: 5,01,75,397 equity shares
- Face value: Re. 1 per share (after split)
- Issue price: Re. 1 per share
- Distribution number range: 627192457 to 677367853
- Board approval date: July 15, 2025
- Shareholder approval date: August 16, 2025
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Company must complete the allotment process by the deemed allotment date
- Proper distribution of bonus shares to eligible shareholders
- Update of share capital records with regulatory authorities
Important Dates
- July 15, 2025: Board of Directors approval for bonus issue
- August 16, 2025: Shareholders’ approval for bonus issue
- August 26, 2025: Deemed allotment date
- August 28, 2025: Effective listing date for bonus shares
Impact Assessment
The bonus issue will increase the total number of equity shares from 62,71,92,456 to 67,73,67,853 shares. This represents approximately 80% increase in share count, which will proportionally reduce the market price per share while maintaining the overall market capitalization. Existing shareholders will receive additional shares without any cash outflow, improving liquidity in the stock.
Impact Justification
Standard bonus issue affecting existing shareholders with moderate impact on share count and market capitalization