The share price of KP Energy was locked at 5 percent upper circuit in early trade on December 28 on the news that the company's board would consider bonus shares at its meeting on December 30.
At 9:22am, KP Energy was quoting Rs 653.60, up Rs 31.10, and there were pending buy orders of 42,093 shares, with no sellers available.
A meeting of the board of directors of the company is scheduled to be held on December 30 to consider the proposal for issuing bonus equity shares to the shareholders.
The board will also consider and approve an increase in authorised share capital of the company to accommodate the issue of bonus equity shares, if any.
The company's board will consider and approve the appointment (regularisation) of Dukhabandhu Rath as non-executive independent director of the company and appointment of Amitkumar Subhashchandra Khandelwal as whole-time director of the company.
Catch all market action in our live blog
Last week, KP Group received a supply order for wind turbines of 193.2 MW to Suzlon Energy, which comprises 92 wind turbines of S120-140-HLT model, with a rated capacity of 2.1 MW each, to be supplied by Suzlon.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
