Penny Stock Trades At Just Rs 2 To Plan Bonus Issue & 100% Dividend, Board Meet In July; Buy/Sell?

Software and real estate development are two of Kretto Syscon Limited's business ventures. The company was established in 1994 and has its headquarters in Ahmedabad, India. Following the Board of Directors' announcement that bonus shares and a 100% dividend will be issued at their upcoming meeting-details of which are briefly discussed here-the shares of Kretto Syscon were locked in a 5% upper circuit limit on Friday, June 20, at Rs 2.05 per share, with a market capitalization of Rs 128.57Cr.

Kretto Syscon Bonus Shares & Dividend

"Pursuant to Regulation 29(1) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a meeting of the Board of Directors of Kretto Syscon Limited is scheduled to be held on Tuesday, July 15, 2025, at the Registered Office of the Company, inter alia, to consider the following items: 1. To consider and recommend, for the financial year ended March 31, 2025, either of the following corporate actions, subject to availability of distributable reserves, requisite statutory and shareholder approvals: a. Declaration of a Final Dividend of up to 100% (i.e., Rs 1.00 per equity share of face value Rs 1/- each), for consideration and approval by the shareholders at the ensuing Extra-Ordinary General Meeting b. Issue of Bonus Shares to the equity shareholders of the Company, in a ratio to be decided by the Board as on a Record Date to be determined later," said Kretto Syscon in a stock exchange filing on Friday.

"In accordance with the Company's Code of Conduct for Prevention of Insider Trading under SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in securities of the Company shall remain closed from June 20, 2025, and shall reopen 48 hours after the conclusion of the Board Meeting and disclosure of the outcome to the stock exchange," Kretto Syscon further infomed stock exchanges on 20th June.

Kretto Syscon News

Kretto Syscon Limited and M/s B-Devasya Designs & Buildcon Private Limited recently signed a joint venture agreement in June to develop a historic, affordable residential-cum-commercial real estate project worth Rs 250 million, situated along Manipur Road, Ghuma in West Ahmedabad, Gujarat. Through this initiative, the corporation aims to generate Rs 480 million in revenue.

Kretto Syscon Share Price Target

"Kretto Syscon stock price is bullish on the Daily charts with strong support at 1.97. A Daily close above resistance of 2.25 could lead to a target of 2.72 in the near term," commented A R Ramachandran, independent research analyst.

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