Utssav CZ Gold Jewels approves 1:1 bonus issue, to double equity capital

The proposed issue will comprise 2.5 crore bonus shares, increasing the total number of equity shares to 5 crore from 2.5 crore. The company's paid-up equity share capital will rise from ₹24.998 crore to ₹49.996 crore following the issue. The bonus shares will be issued from the company's securities premium, free reserves and retained earnings available as of March 31, 2026. The shares are expected to be credited within 60 days of the board's approval, subject to the requisite shareholder and regulatory clearances.

The company has yet to announce the record date, which will determine shareholders eligible to receive the bonus shares. The board also approved a proposal to increase authorised share capital to ₹60 crore from ₹24.998 crore, divided into 6 crore equity shares of ₹10 each. The move, which also requires shareholder approval, would provide headroom for the proposed expansion of the company's paid-up capital.

A bonus issue increases the number of shares held by existing shareholders without requiring them to make an additional payment. While the number of shares held by each eligible investor would double under the proposed 1:1 issue, the investor's proportional ownership would remain unchanged, all else being equal. The issue does not, by itself, increase the company's underlying business value or shareholders' aggregate investment value.

Utssav CZ Gold Jewels manufactures, wholesales and exports lightweight cubic zirconia and gold-casting jewellery. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Don't miss the most important news and views of the day. Get them on our Telegram channel First Published: Oct 24 2026 | 10:38 PM IST