365Telugu.com online news,India,February 20, 2025: The Board of Directors of KBC Global Ltd (BSE: 541161), a Nashik-based construction and real estate development company, has approved a 1:1 bonus issue (one bonus equity share for every fully paid equity share of ₹1 each), subject to shareholder approval.
The decision, taken during the board meeting on February 15, 2025, is part of the company’s strategy to drive business expansion and accelerate debt reduction.
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ఇది కూడా చదవండి…ప్రజారోగ్య వైద్యులకు టైం బౌండెడ్ ప్రొమోషన్స్ కల్పించాలి: తెలంగాణ ప్రభుత్వ వైద్యుల సంఘం
ఇది కూడా చదవండి…చిరంజీవి బ్లడ్ బ్యాంక్లో రక్తదానం చేసిన సంగీత దర్శకుడు మణిశర్మ
Additionally, the company has proposed a name change from KBC Global Ltd to Dharan Infra-EPC Ltd or any other name approved by the Registrar of Companies (ROC).
The board also approved an increase in authorized capital and appointed Mr. Naresh Karda as Chairperson of KBC Infrastructure Ltd, its UK-based wholly owned subsidiary.
The bonus equity shares will be issued from the company’s free reserves, securities premium account, and capital redemption reserve as of March 31, 2024. A total of ₹261.43 crore will be utilized for this issuance, with the new shares expected to be credited within 60 days of board approval.
The company’s current share capital of ₹261.43 crore will increase to ₹522.87 crore post-issuance. The record date for eligibility will be announced in compliance with SEBI Regulation 30 (2015).
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KBC Global Ltd recently secured investments from major players, including Patanjali Food and Herbal Park and Falcone Peak Fund (CEIC) Ltd, amounting to ₹99.50 crore through a convertible preferential warrants issue.
The board, in its October 16, 2024 meeting, approved the issuance of 45.23 crore warrants on a preferential basis at ₹2.20 per warrant (including a premium of ₹1.20 per warrant). Each warrant will convert into one equity share of face value ₹1 each within 18 months.
Breakdown of key allotments:
- Falcone Peak Fund (CEIC) Ltd – 26 crore warrants
- Patanjali Parivahan Pvt Ltd & Patanjali Food and Herbal Park – 4.55 crore warrants
- Foresight Holding Pvt Ltd – 2.28 crore warrants
Post-issuance, Falcone Peak Fund (CEIC) Ltd will hold an 8.48% stake, while Patanjali entities and Foresight Holding Pvt Ltd will hold 1.48% and 1.04% stakes, respectively. Proceeds from this equity issuance will be used primarily for debt repayment.
KBC Global Ltd is making significant strides internationally. Its Ghana-based drop-down subsidiary, KBC International Ltd, has signed an MoU with the Liberia Special Economic Zone Authority for the construction of residential complexes, low-cost housing, and commercial spaces in the Special Economic Zone (SEZ). The project, valued at $12.5 million, will commence in Q2 2025 and is expected to be completed within three years.
In June 2024, Karda International Infrastructure Ltd, a subsidiary of KBC Global, secured a $20 million subcontract from CRJE (East Africa) Ltd, a company under China Railway Construction Group. This contract, focused on civil engineering and soft infrastructure, marks KBC Global’s entry into Africa’s booming infrastructure sector.
KBC Global Ltd recently launched a new Deolali, Nashik project at Survey No. 87/2/2B, Plot No. 4, Jai Bhavani Road, spanning 31,998 sq. ft.. The development includes six commercial and twenty-two residential units on 761.32 sq. meters of land.
The company also successfully cleared its financial obligations to Capri Global Capital Ltd, fully regularizing its default on September 19, 2024. An MoU was signed, securing a waiver on non-financial penal interest, reducing the outstanding balance to ₹13.50 crore.
Between April and September 2024, KBC Global Ltd delivered 135+ residential and commercial units in Nashik, Maharashtra, including:
- Hari Kunj Mayflower – 91 units (MAHARERA Reg No: P51600020249)
- Hari Krishna Phase IV – 28 units
- Other ongoing projects
The company’s upcoming projects, including Hari Vasant and Hari Aakruti Phase II, are set to accelerate with renewed financial stability.
Established in 2007, KBC Global Ltd has built a strong reputation in residential, commercial, and contractual real estate. With key projects like Hari Gokuldham, Hari Nakshatra-II, and Eastext Township, the company is strategically expanding both domestically and internationally.
With a market capitalization of ₹300 crore and an order book exceeding ₹260 crore, the company aims to drive sustainable growth, reduce debt, and capitalize on global infrastructure opportunities in the coming years.