Kitex Garments Limited — Dividend/Bonus, 22-11-2024: Bonus

Kitex Garments Limited has announced a board meeting outcome to issue bonus equity shares at a 2:1 ratio, which means shareholders will receive two new fully paid shares for every existing share held as of a yet-to-be-decided record date. The total number of shares to be issued is approximately 13.3 crore, increasing the paid-up equity share capital from ₹6.65 crore to around ₹19.95 crore. The bonus shares will be issued from free reserves as of March 31, 2024, with credit and dispatch expected on or before January 20, 2025.