Penny stock KBC Global is set to gain attention this week as the company has announced a new record date for issuing bonus shares.
The record date has been updated to April 4, replacing the earlier date of March 28.
The company’s board approved the 1:1 bonus share issue during a meeting on March 22.
This means that for every share an investor owns, they will receive one additional share for free. Today, KBC Global’s stock saw a slight rise, reaching ₹1.03.
Key Information for Investors
Under the T+1 settlement system, investors must purchase shares at least one day before the record date to qualify for the bonus shares.
This makes April 3 the last day to buy KBC Global shares to be eligible for the allotment.
This isn’t the first time KBC Global has issued bonus shares. In 2021, the company announced a 4:1 bonus share issuance, with August 2021 as the record date.
Financial Performance and Stock Trends
For the December quarter, KBC Global reported a standalone loss of ₹20.76 crore.
This is an improvement from the ₹29.88 crore loss reported in the same quarter of the previous year.
However, the company’s operational income dropped significantly, falling by 91% year-on-year from ₹12.58 crore to ₹1.09 crore.
The stock has seen a 60% decline from its 52-week high of ₹2.56 in November 2024.
Over the past year, it has been in a base-building phase, with an overall decline of 44%, according to BSE data.
