Bonus issue of shares; Only Buyers in multibagger Ducon Infratechnologies on 28 February

Bonus issue was declared by the company in the ratio of 1 equity share for every 10 equity share issued.

Bonus issue was declared by the company in the ratio of 1 equity share for every 10 equity share issued. The Board of company also approved an increase of authorised capital from Rs 25 crore to Rs 30 crore to meet increasing growth capital of the company. The Stocks has given a return of 17 per cent over a period of one month. The stock from 6 trading session has continuously been seen locked in upper circuit from i.e. from 21 February. In a period of last one week the stocks has also delivered a return of 27.5 per cent. The Stock has appreciated 5 per cent in today’s trading session after the news. Ducon’s clients include some of India’s biggest blue chip giants including NTPC, NALCO, Hindalco, Vedanta and more. Ducon has a strong portfolio of Clean Technology IP and execution capabilities backed by continuous investments in emerging clean tech/green energy IP/Patents. 

Mr. Arun Govil, Chairman and Managing Director said, ”We thank our shareholders in their abiding faith in the company’s execution and monetization ability. The bonus is way to express our gratitude to our shareholders. We will continue to share the fruits of our efforts with our shareholders as we scale, monetize the business. During this budget, Finance Minister announced a parthbreaking change that transforms liquidity and scale for companies like ours. This is the single most transformational moment and will free up capital for us to implement FGD contracts exponentially”.