Utssav CZ Gold Jewels to Issue 1:1 Bonus Shares
The company's paid-up equity share capital will increase from ₹25 crore to ₹50 crore, with 2,49,98,000 bonus shares to be issued, subject to shareholders' approval
Utssav CZ Gold Jewels has approved a proposal to issue 1:1 bonus shares, subject to shareholders' approval and other necessary clearances. The company's board of directors has approved the proposed issuance of one bonus share of face value ₹10 for every existing share held by eligible shareholders.
The proposed issue will comprise 2,49,98,000 bonus shares, which will increase the company's paid-up equity share capital from ₹25 crore to ₹50 crore. The number of shares will rise from 2,49,98,000 to 4,99,96,000.
The company's board of directors has also approved a proposal to increase the company's authorised share capital from ₹25 crore to ₹60 crore. The bonus shares will be issued from the company's securities premium reserve, free reserves and retained earnings available as of March 31, 2026.
The shares are expected to be credited in 60 days of the board's approval, subject to approval by shareholders and other applicable statutory and regulatory clearances. The company's share price value has surged 55.07% in one month, 354.46% year to date (YTD), and 412.91% in one year.
## Why it matters The bonus share issue is a significant development for Utssav CZ Gold Jewels, as it will increase the company's paid-up equity share capital and provide existing shareholders with additional shares. The move is also expected to boost investor confidence and potentially lead to an increase in the company's share price. The company's strong performance in recent months, with a 55% return in one month and 354% return in 2026 so far, has already generated significant interest among investors.
## What happens next The company will announce the record date for determining eligibility for the bonus shares after obtaining the requisite approvals. The board will also fix and announce the record date in the coming days. Shareholders can expect to receive additional shares in the ratio of 1:1, subject to the approval of the bonus share issue and other necessary clearances.
The increase in authorised share capital will provide the company with the flexibility to issue additional shares in the future, which could be used to raise capital or facilitate strategic acquisitions. Overall, the bonus share issue is a positive development for Utssav CZ Gold Jewels and its shareholders, and it will be interesting to see how the company's share price performs in the coming weeks and months.
