1:1 Bonus Shares: Friday, 6th December Record Date; Buy 1 Piece To Get 1 Share Free?

Kody Technolab is a custom app development company based in India, the United States, and the United Arab Emirates. In 2017, Kody Technolab became "Kody Technolab Private Limited" through incorporation. In 2023, it changed its name to Kody Technolab Limited and became a public limited company. Among its many specialities are software, mobile apps, robots, AI implementation and consultancy, IoT services, IT consulting, and more. With a market value of Rs 2,006 Cr, Kody Technolab's shares closed Monday's trading session 3.28% higher at Rs 3,147.75 per on the NSE.

Kody Technolab Bonus Shares Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Board of Directors has fixed Friday, 6th December, 2024 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Share of Rs. 10.00/- each for every 1 (One) existing Equity Share of Rs. 10.00/- each," said Kody Technolab in a stock exchange filing.

Kody Technolab Bonus Shares Particulars

The total number of securities proposed to be issued as a part of bonus shares or the total amount for which the securities will be issued is 63,73,780 equity shares having face value of Rs. 10/- each aggregating to Rs. 6,37,37,800/- to eligible equity shareholders as on record date.

The company's pre-bonus issue paid-up share capital is Rs. 6,37,37,800/- paid-up share capital divided into 63,73,780 equity shares of Rs. 10/- each whereas the post-bonus issue paid-up share capital is Rs. 14,13,95,600 /- paid-up share capital divided into 1,41,39,560 equity shares of Rs. 10/- each.

Kody Technolab Bonus Shares Update

"Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, National Stock Exchange of India Limited ('NSE') had issued In-principle approval letter vide Ref: NSE/LIST/44952 dated 25th November, 2024 for the issue and proposed allotment of 63,73,780 Equity shares having face value of Rs. 10.00/- per share, as Bonus share in the ratio of 1 new equity share for every 1 existing equity share held in the Company," Kody Technolab informed stock exchanges.

Kody Technolab Share Price Target

"Kody Technolab stock price is bullish on the Daily charts with strong support at 3047. A Daily close above resistance of 3200 could lead to a target of 3600 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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