Multibagger Penny Stock Below Rs 5; Board Likely to Announce Bonus Shares & 100% Dividend

Kretto Syscon Limited has announced that a meeting of its Board of Directors is scheduled for Tuesday, July 15, 2025, at the company's Registered Office. The primary agenda for this meeting includes the consideration and approval of the Unaudited Financial Results for the quarter ended June 30, 2025, along with the accompanying Limited Review Report. This timely disclosure, made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, signals the company's commitment to financial transparency and corporate governance.

Furthermore, the Board will also deliberate on crucial corporate actions for the financial year ended March 31, 2025. Subject to the availability of distributable reserves and necessary statutory and shareholder approvals, the Directors will consider and recommend either a final dividend of up to 100 per cent (i.e., Re 1 per equity share of face value Re 1/- each) or the issuance of bonus Shares to the equity shareholders. The ratio for the bonus issue and the record date will be determined by the Board. These potential actions underscore the company's focus on shareholder returns and capital optimisation, with any final dividend requiring shareholder approval at an upcoming Extraordinary General Meeting.

Additionally, Kretto Syscon Limited has formed a joint venture with B-Devasya Designs & Buildcon Private Limited to develop a Rs 250 million mixed-use project in Ghuma, West Ahmedabad, projecting Rs 480 million revenues. Kretto Syscon will invest Rs 50 million. The G+7 structure will offer affordable 1 & 2 BHK homes and retail spaces, targeting completion in about five years after approvals. This strategic move aims to boost shareholder value by capitalising on Ahmedabad's appreciating real estate market.

About the Company

Incorporated in 1994, Kretto Syscon Ltd operates in two primary sectors: real estate development and software development. In real estate, their services encompass the construction, purchase, sale, resale and rental of both residential and commercial properties. On the software front, the company is involved in designing, developing and dealing in computer software and solutions, undertaking IT-related assignments, networking and network management, data centre management and providing consultancy services. They also focus on developing, designing, distributing and dealing in systems and application software for microprocessor-based information systems, offshore software development projects and providing Internet service provider and solutions across various application areas, including emerging niche segments like the Internet.

On Friday, shares of Kretto Syscon Ltd gained 1.45 per cent to Rs 2.10 per share from its previous closing of Rs 2.07 per share. The company has a market cap of over Rs 130 crore and the stock has given multibagger returns of 250 per cent from its 52-week low of Re 0.60 per share.

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