Penny stock enthusiasts should take note: KBC Global is set to trade ex-bonus this week, with the record date for its eagerly awaited bonus share issue scheduled for April 4. This exciting development comes after the company’s board meeting on March 22, where they approved a 1:1 bonus share allotment. For shareholders, this means they will receive one additional share at no extra cost for every share they currently hold.
Key Dates and Information
- Record Date: April 4 (originally March 28)
- Bonus Issue Ratio: 1:1
- Last Purchase Date: April 3
To be eligible for this bonus share allotment, investors must purchase shares by April 3. This is crucial under the T+1 settlement system, which mandates that shares be acquired at least one day before the record date for shareholders’ names to be recognized in the company’s records.
Historical Context of Bonus Issues
KBC Global previously executed a bonus share issue in 2021, offering shares at a 4:1 ratio with a record date set in August 2021. This strategy highlights the company’s ongoing commitment to rewarding its shareholders.
Financial Performance Update
In addition to the bonus share announcement, KBC Global recently released its financial results for the third quarter of FY25 on March 27. The company reported a standalone loss of ₹20.76 crore, a decrease from ₹29.88 crore in the same quarter last year. Revenue from operations plummeted by an alarming 91% year-on-year, dropping to ₹1.09 crore from ₹12.58 crore.
Share Price Movements
As of April 2, KBC Global shares experienced a slight decline of 0.98%, closing at ₹1.01. Throughout the day, the stock fluctuated, reaching a high of ₹1.03 and a low of ₹1. This recent performance continues a downward trend, with the stock losing 60% of its value from its 52-week high of ₹2.56 recorded in November 2024. Over the past year, the stock has been in a base-building phase, declining by 44% according to BSE data.
Conclusion
For investors looking to capitalize on KBC Global’s bonus shares, it’s essential to act quickly. With a record date just around the corner, the opportunity to enhance one’s portfolio with additional shares at no extra cost is an enticing prospect. However, potential investors should also consider the company’s recent financial performance and market trends before making any decisions.
