Kretto Syscon Limited has announced a significant development for its shareholders. The company's Board of Directors has fixed Monday, August 25, 2025, as the Record Date for determining shareholder eligibility for the allotment of bonus equity shares.

Key Highlights

Bonus Share Allotment

The decision to issue bonus shares, which was approved by shareholders through a Postal Ballot on August 16, 2025, marks a significant move for Kretto Syscon. Bonus shares are additional shares given to existing shareholders without any additional cost, based on their current shareholding.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 68 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Company Information

Kretto Syscon Limited is registered with CIN: L70100GJ1994PLC023061 and has its registered office at A-401, Sankalp Iconic, Opp. Vikram Nagar, Iscon Temple Cross Road, S.G. Highway, Ahmedabad - 380054.

Shareholders and potential investors are advised to take note of this Record Date for the bonus share allotment. The company's move to issue bonus shares may be seen as a way to reward its shareholders and potentially increase liquidity in the stock.

Kretto Syscon has successfully concluded its Extra-Ordinary General Meeting through a postal ballot with remote e-voting, resulting in the approval of two significant resolutions that will impact the company's capital structure.

Resolutions Passed

1. Increase in Authorized Share Capital: Shareholders approved an increase in the company's authorized share capital, along with a consequent alteration to the Capital Clause of the Memorandum of Association. This resolution received 70.65% votes in favor and 29.35% against.

2. Issue of Bonus Shares: The proposal to issue bonus shares garnered overwhelming support, with 99.93% of votes cast in favor and only 0.07% against.

Voting Details

The e-voting period for these resolutions ran from July 18 to August 16. A total of 174 members participated in the voting process, representing 1,202,635 shares. The voting results were as follows:

Scrutinizer's Report

CS Himanshu Togadiya of H Togadiya & Associates, Practicing Company Secretaries, served as the scrutinizer for the e-voting process. The scrutinizer confirmed that both resolutions were passed with the requisite majority.

Shareholder Base

As of the record date of July 11, Kretto Syscon had 90,590 shareholders on record.

Company Statement

Tushar Shah, Managing Director of Kretto Syscon, countersigned the scrutinizer's report, confirming the successful passage of both resolutions. The company has filed the voting results and scrutinizer's report with the BSE Limited in compliance with SEBI regulations.

The approval of these resolutions paves the way for Kretto Syscon to implement changes in its capital structure, which could potentially benefit shareholders through the issuance of bonus shares.