Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), Bharat Global Developers has informed that at the meeting of the Board of Directors of Bharat Global Developers (formerly known as Kkrrafton Developers) held today i.e. Monday, 18th Day of November 2024 commenced at 10:00 AM and ended at 10:30 AM at the Registered office of the Company. The Board of Directors of the Company (Board) considered, deliberated and discussed, approved / noted the following matters: Issue of Bonus Shares in the ratio of 08: 10 i.e. 8 (Eight) new Bonus Equity Shares of Re. 10/- each for every 10 (Ten) existing Equity Share of Re. 10/- each fully paid up held as on the Record Date to enhance share liquidity, increase affordability, and broaden shareholder participation. The Bonus Issue of Equity Shares subject to approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares. The details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO /CFD /PoD2/CIR/P /2023 /120 dated July 11, 2023 read with SEBI Circular No. SEBI/HO/CFD/CFD-1/P /CIR/2023/123 dated July 13, 2023 are enclosed as Annexure - A; recommended sub-division of equity shares to face value of Rs 1.00 per equity share from the existing face value of Rs 10.00 per equity shares. The details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO /CFD /PoD2/CIR/P /2023 /120 dated July 11, 2023 read with SEBI Circular No. SEBI/HO/CFD/CFD-1/P /CIR/2023/123 dated July 13, 2023 are enclosed herewith as Annexure - B; and etc.
The above information is a part of company’s filings submitted to BSE.