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Chavda Infra approves 1:1 bonus issue
short by / on Thursday, 6 August, 2026
Chavda Infra's board approved a 1:1 bonus issue, proposing to issue 3.26 crore bonus shares by capitalising reserves. The Board also approved doubling the authorised share capital to ₹70 crore to support the issue and future fundraising. However, it did not declare a dividend, opting to retain profits to strengthen the balance sheet and support long-term growth.