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Bonus share by multibagger gold stock: Shares surge over 300% in 2026 - Check issue ratio as record date awaited

By Livemint Markets · Published by Everything Blog

In short

The company's board approved issuing 2.5 crore equity shares under a 1:1 ratio, which will expand the overall paid-up capital to ₹49.996 crore. To accommodate the distribution, the authorised share capital is set to rise significantly from ₹24.998 crore to ₹60 crore. While the distribution is slated for completion within two months of the October board meeting, the stock recently slipped 2.21% to ₹930 amid short-term overbought conditions.

Key points

Eligible shareholders will receive one fully paid bonus share for each existing share hel…: Eligible shareholders will receive one fully paid bonus share for each existing share held once the record date is finalized.
The bonus shares are scheduled to be credited within 60 days following the board's approv…: The bonus shares are scheduled to be credited within 60 days following the board's approval on 23 October.
Technical analysis shows the stock remains in an uptrend with immediate price support sit…: Technical analysis shows the stock remains in an uptrend with immediate price support situated between ₹870 and ₹880.

Sources checked by our analysis pipeline: 1

Utssav CZ Gold Jewels has approved a 1:1 bonus share issue, under which eligible shareholders will receive one fully paid-up equity share for every share held. The proposal, approved by the company's board on 23, October, is subject to shareholders' approval and other regulatory clearances.

The proposed bonus issue will involve the allotment of 2.5 crore shares of ₹10 each, taking the company's total outstanding equity shares to 5 crore from 2.5 crore. Consequently, its paid-up equity share capital will double to ₹49.996 crore from ₹24.998 crore.

The company said the bonus shares will be issued by capitalising its securities premium, free reserves and retained earnings available as of 31 March 2026.

The shares are expected to be credited to eligible shareholders within 60 days of the board's approval, subject to the necessary shareholder and regulatory approvals. However, the company has not yet announced the record date, which will determine the shareholders eligible for the bonus issue.

The board has also approved a proposal to increase the company's authorised share capital to ₹60 crore from ₹24.998 crore. The revised capital…

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In short

Key Points

Eligible shareholders will receive one fully paid bonus share for each existing share hel…: Eligible shareholders will receive one fully paid bonus share for each existing share held once the record date is finalized.
The bonus shares are scheduled to be credited within 60 days following the board's approv…: The bonus shares are scheduled to be credited within 60 days following the board's approval on 23 October.
Technical analysis shows the stock remains in an uptrend with immediate price support sit…: Technical analysis shows the stock remains in an uptrend with immediate price support situated between ₹870 and ₹880.

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AI Analysis

Tone

Neutral

In short

Key Points

Eligible shareholders will receive one fully paid bonus share for each existing share hel…: Eligible shareholders will receive one fully paid bonus share for each existing share held once the record date is finalized.
The bonus shares are scheduled to be credited within 60 days following the board's approv…: The bonus shares are scheduled to be credited within 60 days following the board's approval on 23 October.
Technical analysis shows the stock remains in an uptrend with immediate price support sit…: Technical analysis shows the stock remains in an uptrend with immediate price support situated between ₹870 and ₹880.

Topics

Finance

Was this summary useful?

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Bonus share by multibagger gold stock: Shares surge over 300% in 2026 - Check issue ratio as record date awaited

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