37.3 per cent returns from 52-week low; Board announces 1:10 bonus issue of shares!

KKV Agro Powers Ltd's Board of Directors has recommended a bonus share issuance in a 1:10 ratio, meaning shareholders will receive one new fully paid-up equity share of Rs 10 for every ten existing shares held. This issuance, totalling 56,687 new equity shares, will be funded from the company's Securities Premium Account, which held Rs 8,75,36,644 as of March 31, 2025. The pre-bonus paid-up capital of Rs 56,68,750 (5,66,875 shares) will increase to Rs 62,35,620 (6,23,562 shares) post-bonus. This is subject to shareholder and regulatory approvals, with the company to announce the Record Date for eligibility soon. The bonus shares are estimated to be credited or dispatched within two months from the Board's approval date, by October 3, 2025.

Incorporated in 2012, KKV Agro Powers Ltd is engaged in renewable energy generation through the development, ownership, operation, and maintenance of utility-scale grid-connected solar and wind farm projects, generating revenue from electricity sales. The company is actively pursuing land acquisition and grid connectivity for new renewable sites. Beyond its core power business, KKV Agro Powers also operates in jewellery manufacturing, including the sale of gold coins, bullion, and retail jewellery, and has divisions in agriculture and textiles. The company operates under the Open Access Regulation of the Electricity Act 2003.

In FY25, the company reported net sales of Rs 962 crore and net profit of Rs 2 crore. The company has a market cap of Rs 37.70 crore and the stock is up by 37.3 per cent from its 52-week low of Rs 484.50 per share.

Disclaimer: The article is for informational purposes only and not investment advice.