STOCKWATCH

KPI Green Energy Ltd Recommends 1:2 Bonus Issue of Equity Shares

KPI Green Energy Limited has considered and recommended the issue of bonus equity shares in the proportion of 1:2, i.e. 1 bonus equity share for every 2 existing equity shares, at its board meeting held on November 14, 2024. The decision is subject to the approval of shareholders through a postal ballot. The company's capital clause will also be altered to accommodate the issue of bonus equity shares. The estimated date for the dispatch of bonus shares is within 2 months from the date of board approval, i.e., on or before January 14, 2025.

• KPI Green Energy Ltd has recommended a 1:2 bonus issue of equity shares.
• The decision is subject to shareholder approval through a postal ballot.
• The company's capital clause will be altered to accommodate the bonus issue.
• Bonus shares are estimated to be dispatched within 2 months from the date of board approval.
• The company has provided audited figures for free reserves and share premium required for implementing the bonus issue.