Utssav CZ Gold Jewels approves 1:1 bonus share issue, record date still awaited
The Indian jewellery maker proposed a 1:1 bonus issue and a higher authorised capital; no record date yet, according to Moody's.
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what happened
The board of Utssav CZ Gold Jewels approved a 1:1 bonus share issue, under which each eligible shareholder receives one fully paid-up share for every share held. The board approved the proposal on 23 October, and it still needs shareholder approval and other regulatory clearances.
The issue involves 2.5 crore shares of Rs.10 each, which would double the share count to 5 crore and the paid-up capital to Rs.49.996 crore. The company also proposes raising its authorised capital to Rs.60 crore. The shares are expected to be credited within 60 days of board approval, and the company has not yet set a record date.
On Friday, 30 October, the shares closed 2.21% lower at Rs.930 on the NSE. They rose 268.68% over the past year and 317.23% year to date, according to Moody's.
why it matters
A bonus issue does not by itself change an investor's stake: the share count rises, the proportional ownership stays the same, and the price typically adjusts. The record date, which the company has not announced, is the key date for shareholders.
tags
instruments
sources
- Bonus share by multibagger gold stock: Shares surge over 300% in 2026 - Check issue ratio as record date awaited — Moody's, 1 November 2026 at 11:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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