Utssav CZ Gold Jewels approves 1:1 bonus share issue
The company plans to allot 2.5 crore shares by capitalising its reserves and securities premium.
Utssav CZ Gold Jewels board approved a 1:1 bonus share issue on October 23. Under this proposal, shareholders will get one fully paid-up equity share for every share they own.
The allotment will involve 2.5 crore shares of ₹10 each. This will increase the total outstanding equity shares from 2.5 crore to 5 crore, while the paid-up equity share capital will rise to ₹49.996 crore from ₹24.998 crore.
The company stated that the bonus shares will be issued by capitalising its retained earnings, free reserves, and securities premium available as of March 31, 2026. Shares are expected to be credited within 60 days of board approval, pending shareholder and regulatory clearances.
The board also approved a proposal to increase the authorised share capital to ₹60 crore from ₹24.998 crore. This revised capital will consist of 6 crore equity shares of ₹10 each to provide headroom for expansion after the bonus issue.
The company has not yet announced the record date for the issue. Utssav CZ Gold Jewels manufactures, wholesales, and exports lightweight jewellery using gold casting and cubic zirconia.
On Friday, October 30, shares of the company ended 2.21% lower at ₹930 on the NSE. The stock has risen 317.23% year to date and 268.68% over the past year.