NBCC shares rally 3% after announcing record date for bonus issue

Shares of construction company NBCC (India) today rallied 3% to its day’s high of Rs 192 on BSE after the company on Saturday approved a bonus issue of shares in a 1:2 ratio, fixing October 7 as the record date to determine the eligibility of shareholders for receiving bonus shares.

“The Board of Directors has recommended the issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1:2 i.e. 1 (One) new fully paid-up Equity Share of ₹ 1/- (Rupee One Only) each for every 2 (Two) existing fully paidup Equity Share of ₹ 1/- (Rupee One Only) each to the eligible members of the Company as on Record Date, subject to the approval of the Shareholders in the forthcoming Annual General Meeting. The Board has fixed Monday, October 07, 2024 as Record date to determine the eligibility of members to receive bonus shares,” said the company in its filing to the exchanges.

The bonus shares will be issued from free reserves created from profits, as per the audited financial statements for the year ending March 2024. The company has reserves and surplus amounting to Rs 1,959 crore available for capitalization.


A company issues bonus shares to increase stock liquidity and lower the stock price, making it more affordable for investors.

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The company today also informed that it has received a work order amounting Rs 182.50 from Oil India and Indian Statistical Institute Delhi Centre.

Since the announcement of consideration of the bonus issue, the shares of NBCC have gained 8%. In the last one year, the same has gained 258% and has increased by 131% in the current calendar year.

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