Goldiam International Announces 1:3 Bonus Issue for Shareholders Amid Strong Q4 Performance
Bonus issue alert! Goldiam International announces 1:3 bonus reward for shareholders. Check details
Image: The Economic Times
Goldiam International, a diamond jewellery maker, has announced a 1:3 bonus issue for shareholders, approving the issuance of nearly 4 crore shares. This decision comes alongside a robust Q4 report showing a 61% increase in net profit to ₹37 crore. The bonus shares will enhance liquidity and affordability for investors.
- 01Goldiam International will issue one bonus share for every three shares held, totaling nearly 4 crore shares.
- 02The company reported a consolidated net profit of ₹37 crore for Q4 FY26, a 61% increase from the previous year.
- 03Goldiam's revenue from operations grew over 18% year-on-year to ₹235 crore in the same quarter.
- 04The bonus issue is the first for Goldiam in 21 years and is subject to shareholder approval.
- 05The company aims to enhance customer engagement through innovations like India's first 3D Ring Builder.
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Goldiam International, a prominent diamond jewellery maker and exporter, has announced a 1:3 bonus issue for its shareholders, which was approved by the board during their recent meeting. For every three shares held, shareholders will receive one additional share with a face value of ₹2. The total issuance will amount to nearly 4 crore shares, using funds from the company's capital redemption reserves, securities premium account, and free reserves, with the bonus shares expected to be credited by July 25, pending shareholder approval. This marks Goldiam's first bonus issue in approximately 21 years. The announcement coincides with the company's strong Q4 performance, reporting a consolidated net profit of ₹37 crore, reflecting a 61% year-on-year increase, and revenue growth of over 18% to ₹235 crore. The bonus shares are anticipated to improve liquidity and make shares more accessible to investors, reinforcing Goldiam's financial health and growth prospects.
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The bonus issue is expected to enhance stock liquidity and affordability, potentially attracting more investors.
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