{"id":46983,"date":"2024-12-17T11:43:41","date_gmt":"2024-12-17T06:13:41","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2024\/12\/17\/jindal-worldwide-board-to-consider-bonus-issue-on-7th-january\/"},"modified":"2024-12-17T11:43:41","modified_gmt":"2024-12-17T06:13:41","slug":"jindal-worldwide-board-to-consider-bonus-issue-on-7th-january","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2024\/12\/17\/jindal-worldwide-board-to-consider-bonus-issue-on-7th-january\/","title":{"rendered":"Jindal Worldwide Board to consider bonus issue on 7th January"},"content":{"rendered":"<div>\n<p><strong><span data-sheets-root=\"1\">Ahmedabad (Gujarat) [India], December 17:<\/span> <\/strong>Jindal Worldwide, a leader in textile industry, announced on Monday that its Board of Directors will meet on January 7 to consider issuance of bonus shares.<\/p>\n<p>\u201cA meeting of the Board of Directors of the company will take place on January 7 to consider a proposal for issue of bonus equity shares to equity shareholders of the company,\u201d Jindal Worldwide side in stock exchange filings.<\/p>\n<p>The Board will also consider and approve an increase in the company\u2019s authorised equity share capital to accommodate the issue of bonus shares the same day, it said further.<\/p>\n<p>Jindal Worldwide also announced that the trading window for dealing in its securities will remain closed for \u201cdesignated personnel\u201d from December 15 until 48 hours of the public announcement of the board meeting\u2019s outcome. The closure complies with Jindal Worldwide\u2019s Code of Conduct for Prevention of Insider Trading and pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.<\/p>\n<ul>\n<li>Shares surged by 10.50% to close at Rs. 426.80 on the BSE on Monday. The company\u2019s market cap stood at Rs. 8,558.2 crore.<\/li>\n<\/ul>\n<ul>\n<li>Its consolidated net profit for the quarter ended September 2024 rose by 36% to Rs. 17.33 crore while revenue from operations was up by 45.6% to Rs. 570.80 crore.<\/li>\n<\/ul>\n<p>Following the announcement, Jindal Worldwide\u2019s shares surged by 10.50% to close at Rs. 426.80 on the BSE on Monday. The company\u2019s market cap stood at Rs. 8,558.2 crore.<\/p>\n<p>The company recently announced robust numbers for the second quarter of financial year 2024-25. Its consolidated net profit for the quarter ended September 2024 rose by 36% to Rs. 17.33 crore while revenue from operations was up by 45.6% to Rs. 570.80 crore. Profit before tax (PBT) grew by 45% to Rs. 23.59 crore, and EBITDA surged by 38.3% to Rs. 48.4 crore.<\/p>\n<p>Jindal Worldwide is a diversified and integrated textile fabrics and shirting manufacturer and one of the world\u2019s largest denim fabric manufacturers. The company is also diversifying into new high-growth business opportunities, beginning with a venture in two-wheeler electronic vehicles.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ahmedabad (Gujarat) [India], December 17: Jindal Worldwide, a leader in textile industry, announced on Monday that its Board of Directors will meet on January 7 to consider issuance of bonus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46984,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":124},"categories":[4],"tags":[54],"class_list":["post-46983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/46983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=46983"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/46983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/46984"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=46983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=46983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=46983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}