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

Kitex Garments Limited has announced a board meeting where it approved a bonus issue of equity shares in a 2:1 ratio. This means that shareholders will receive 2 new fully paid equity shares of ₹1 each for every existing share they hold, pending approval through a postal ballot. Approximately 13.3 crore equity shares will be issued from the company’s free reserves. The current paid-up equity share capital of ₹6.65 crore is expected to increase to about ₹19.95 crore post-issue. The record date for determining eligible shareholders will be announced soon, and shares are expected to be dispatched by January 20, 2025.