NBCC (India) Limited has announced a board meeting to consider the issuance of bonus shares to its equity shareholders. The meeting is scheduled for Saturday, August 31, 2024.
What Happened: On Tuesday evening, the company informed the exchanges about the upcoming board meeting. The company had last issued bonus shares back in 2017.
Last week, the company also declared the record date for its final dividend payment for the year ended March 2024, with a dividend amount of ₹0.63 per equity share, pending approval at the 64th Annual General Meeting (AGM). The record is September 6.
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Earlier this month, the company revealed a 26% jump in its consolidated order book, from ₹64,000 crore at the end of the March quarter to around ₹81,000 crore, with a target to expand it to ₹1 lakh crore by the year-end. Additionally, NBCC bagged two orders worth ₹720 crore.
Price Action: NBCC’s share price was up 0.94% to close at ₹177.64 on Tuesday.
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