Utssav CZ Gold Jewels approved a 1:1 bonus share issue for its shareholders. The company plans to issue 2.50 crore new equity shares, doubling the total count to nearly 5 crore. While the firm said it will share the record date soon, investors should wait for official updates on the timeline.

Utssav CZ Gold Jewels, a listed jewellery manufacturer and exporter, has approved a bonus share issue for its existing shareholders. The corporate action is aimed at rewarding investors with additional shares, subject to shareholder approval and other required clearances. The announcement brings the company's proposed capital expansion and eligibility details into focus.

1:1 Bonus Issue Alert! Gold Jewellery Stock To Record Bonus Share; Check All Details

Under the approved proposal, Utssav CZ Gold Jewels will issue one bonus share for every one share held, translating into a 1:1 bonus issue. The company plans to issue around 2.50 crore new equity shares, each with a face value of Rs 10. Once completed, its total number of equity shares will increase from around 2.50 crore to nearly 5 crore, while its paid-up share capital will rise from Rs 25 crore to approximately Rs 50 crore.

Utssav CZ Gold Jewels Bonus Issue: Check Record Date

The 1:1 bonus issue means eligible shareholders will receive additional shares equal to their existing holdings. For example, an investor holding 100 shares of Utssav CZ Gold Jewels will receive another 100 bonus shares, taking the total holding to 200 shares.

However, the bonus issue does not automatically double an investor's investment value. The stock's market price generally adjusts after it trades ex-bonus to reflect the increased number of shares. The actual value of an investor's holding will continue to depend on the market price.

The company has not yet announced the record date for the bonus issue. The record date determines which shareholders are eligible to receive the additional shares. Utssav CZ Gold Jewels said the relevant details would be communicated after the necessary approvals.

Investors should follow the company's official announcements for the confirmed record date and other timelines instead of relying on unverified information.