KPI Green Energy shares 1:2 bonus issue record date tomorrow. Last chance to buy

With the record date for its 1:2 bonus share issuance set for tomorrow, January 3, KPI Green Energy shares are expected to garner significant attention in Thursday's trading session.

Therefore, the investors must purchase shares today to qualify for the aforementioned bonus issue.

“Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.


Prior to this, KPI Green Energy has issued bonus shares twice. In 2024, the company issue bonus shares in the ratio of 1:2 and in 2023, KPI Green Energy had issued bonus shares in the ratio of 1:1 to its shareholders, according to the Trendlyne data.

Also read: Nifty logs negative returns 7 times in January over 10 years; seasonality unfavourable for FIIs too

The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Shareholders who buy the stock at least one day before the ex-date are eligible for the offers as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc.

The shares of Garware Technical Fibres have increased by 66.75% in the last one year and by 71.3% in CY 24, according to the BSE analytics.

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