PNN
Surat (Gujarat) [India], July 6: BigBloc Construction Limited, is one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) blocks, bricks and panels . India is considering the bonus issue. A meeting of the Board of Directors of the Company is scheduled on Friday, July 19, 2024 to consider and approve the proposals for issuance of bonus shares and increase in the authorized share capital of the Company, subject to regulatory and shareholders' approval. The current share capital of the company is Rs. Divided into 7.07 crore equity shares worth Rs 14.14 crore. 2 Face value. The reserves and surplus of the company as on 31st March 2024 will be Rs. 89.87 crores.
Board meeting on July 19 to approve bonus and increase in authorized share capital; The company's reserves as on 31 March 24 stood at Rs. 89.87 crores.
The company has recorded a strong operational and financial performance with a 5-year CAGR of 19% in sales and over 80% growth in net profit. In recognition of the Company's strong financial performance and commitment to delivering shareholder value, the objective of the Bonus Issue is to reward existing shareholders, enhance liquidity and expand the shareholder base.
For FY24, the company has reported a consolidated net profit of Rs. 30.69 crores. Revenue from operations during FY24 stood at Rs. Told. YoY growth of 21.55% compared to operating revenue of Rs 243.22 crore. 200.11 crore in FY23. EBITDA for FY24 stood at Rs. An increase of 12.29% compared to EBITDA of Rs 56.15 crore. 50.01 crore. The company has recommended final dividend at the rate of 20% for FY 23-24 subject to approval in the Annual General Meeting.
Surat (Gujarat) [India], July 6: BigBloc Construction Limited, is one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) blocks, bricks and panels . India is considering the bonus issue. A meeting of the Board of Directors of the Company is scheduled on Friday, July 19, 2024 to consider and approve the proposals for issuance of bonus shares and increase in the authorized share capital of the Company, subject to regulatory and shareholders' approval. The current share capital of the company is Rs. Divided into 7.07 crore equity shares worth Rs 14.14 crore. 2 Face value. The reserves and surplus of the company as on 31st March 2024 will be Rs. 89.87 crores.
Board meeting on July 19 to approve bonus and increase in authorized share capital; The company's reserves as on 31 March 24 stood at Rs. 89.87 crores.
The company has recorded a strong operational and financial performance with a 5-year CAGR of 19% in sales and over 80% growth in net profit. In recognition of the Company's strong financial performance and commitment to delivering shareholder value, the objective of the Bonus Issue is to reward existing shareholders, enhance liquidity and expand the shareholder base.
For FY24, the company has reported a consolidated net profit of Rs. 30.69 crores. Revenue from operations during FY24 stood at Rs. Told. YoY growth of 21.55% compared to operating revenue of Rs 243.22 crore. 200.11 crore in FY23. EBITDA for FY24 stood at Rs. An increase of 12.29% compared to EBITDA of Rs 56.15 crore. 50.01 crore. The company has recommended final dividend at the rate of 20% for FY 23-24 subject to approval in the Annual General Meeting.