The board of directors in its meeting on July 19 recommended the issue of bonus equity shares in the proportion of 1:1, that is, one bonus equity share for every existing equity share held by the company shareholders as on the record date, the company said in a filing
The company’s profit was helped by increase in other income. The company reported other income of Rs 3.82 crore in Q4FY24 compared to Rs 0.69 crore in the previous year.
With rejection rates as low as 1-1.25 percent at its Wada plant, BigBloc Construction maintains a significant edge over its competitors in terms of margins.
Nxt Fab Private and Nxt Polyester Private are other public shareholders in the company, owning stakes of 3.62 percent and 3.27 percent, respectively
Sharma bought 3.65 lakh shares, or a 0.51 percent stake in the company at an average price of Rs 235.