Introduction:
Leading small cap company has announced a 1:1 bonus issue, subject to shareholder approval. The bonus will be funded from free reserves created out of profits. Post-issue, the company’s authorized share capital will increase from ₹31.5 crore to ₹61.5 crore.
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Share price movement of Kothari Products:
On December 30, 2024, Kothari Products Ltd. opened at ₹199.15, up 1.98% from its previous close of ₹195.30. The stock reached a high of ₹209.70 (7.36%) and a low of ₹199.15. By 10:38 AM, it traded at ₹200.75, a 2.79% increase, with a market cap of ₹599.12 crore.
Kothari Products announces 1:1 bonus:
Kothari Products Limited, in a filing under Regulation 30 of SEBI (LODR) Regulations, 2015, has announced a bonus issue at a 1:1 ratio. The bonus will be funded from free reserves created out of profits, subject to shareholder approval.
The company’s authorized share capital will increase from ₹31.5 crore to ₹61.5 crore post-bonus, and paid-up capital will rise from ₹29.84 crore to ₹59.68 crore. Free reserves available for capitalization amount to ₹29.84 crore as of September 30, 2024.
Stock performance of Kothari Products for Period of 1 week, 6 months and 1 year:
Kothari Products Ltd. has experienced a 3.80% drop over the past week. However, its long-term performance remains strong, with a 36% increase in the last six months and an impressive 55.5% growth over the past year, indicating strong market resilience.
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Shareholding pattern of Kothari Products:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 75% | 75.00% | 75.00% |
FII | 0.00% | 0.00% | 0.00% |
DII | 0% | 0.00% | 0.00% |
Public | 25.00% | 25.00% | 25.00% |
About Kothari Products:
Kothari Products Ltd (NSE: KOTHARIPRO) is a publicly listed company focused on real estate, investments, and international trade. Established in 1983, it has a consistent dividend track record, delivering wealth to its stakeholders through strategic business growth across key sectors.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.