Utssav CZ Gold Jewels approves 1:1 bonus share issue
In short
Utssav CZ Gold Jewels’ board approved a 1:1 bonus share issue, subject to approvals. It plans to issue 2.5 crore shares and raise authorised share capital to ₹60 crore.
The record date has not been announced yet. Investors still do not know when the bonus shares will be credited.
What the reporting says
Utssav CZ Gold Jewels’ board approved a 1:1 bonus share issue, subject to shareholder and regulatory approvals. The company said it plans to issue 2.5 crore shares, which would double its outstanding equity, and to raise authorised share capital to ₹60 crore. The record date has not been announced, so timing remains unknown.
Why it matters
Utssav CZ Gold Jewels approved a 1:1 bonus share issue, a move that would double the number of outstanding shares if shareholders and regulators approve it. The company also plans to increase authorised share capital to ₹60 crore. The source does not state the record date or the reason for the action, but such announcements can affect share count and market sentiment.