Ahmedabad-based Bharat Global Developers Ltd. has announced its first-ever bonus issue and stock split, aiming to reward shareholders and increase trading liquidity. The company, known for its operations across multiple sectors including real estate, agriculture, and infrastructure, continues to strengthen its market presence with this strategic corporate action.
Record Date for Bonus & Stock Split
The company has set December 26, 2024, as the record date for both the bonus issue and stock split. Shareholders must hold shares by December 25, 2024, to be eligible for these benefits.
Bonus Issue Details
Bharat Global Developers announced an 08:10 bonus issue, granting eight new shares for every ten shares held. This issuance reflects the company’s strong performance and commitment to enhancing shareholder value.
Stock Split Details
Additionally, the company approved a stock split, where each equity share with a face value of ₹10 will be split into ten shares with a face value of ₹1. The split aims to make shares more affordable and improve market liquidity.
Financial Performance
Q2FY25 Results:
- Revenue from Operations: ₹216.35 crore (+300% QoQ)
- Net Profit: ₹10.10 crore (+298% QoQ)
- Market Cap: Over ₹11,000 crore
The company secured major contracts, including a ₹120 crore infrastructure order from Reliance Industries Ltd. and a ₹650 crore annual supply contract with Tata Agro & Consumer Products. These deals underscore its growing industry footprint and robust operational capabilities.
About Bharat Global Developers Ltd.
Established in 1992, Bharat Global Developers Ltd operates across sectors including real estate, agriculture, and infrastructure development. The company is involved in land acquisition, construction, property management, and the trading of packaging materials. Its diversified portfolio highlights its commitment to growth and market leadership.
With a strong financial track record and a robust order book exceeding ₹1,500 crore, the company continues to deliver exceptional shareholder returns while expanding its operations into emerging sectors like AgriTech, Defence, and Green Energy.
Bharat Global Developers’ first-ever bonus issue and stock split demonstrate its confidence in future growth while making its shares more accessible to a broader investor base.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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