Economy
Utssav CZ Gold Jewels Approves 1:1 Bonus Issue Following Strong Year-to-Date Gains
Livemint1h
THE BRIEF
1
Utssav CZ Gold Jewels board approved a 1:1 bonus share issue, doubling its paid-up equity share capital from Rs 24.998 crore to Rs 49.996 crore.
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The bonus shares will be issued by capitalising securities premiums, free reserves, and retained earnings as of March 31, 2026, though the record date is yet to be announced.
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The company also plans to increase its authorised share capital to Rs 60 crore, while its stock has risen over 300% year-to-date in 2026.