During Friday’s trading session, shares of a technology consulting and software development company surged nearly 3 percent on BSE, after the company’s Board meeting is scheduled to consider a bonus issue.
With a market cap of Rs. 128.6 crores, the shares of Kretto Syscon Limited hit a 5 percent upper circuit at Rs. 2.05 on BSE, as against its previous closing price of Rs. 1.96. The stock has delivered multibagger returns of around 130 percent in one year, but has fallen by over 6 percent in the last one month.
What’s the News
According to recent regulatory filings with the BSE, Kretto Syscon Limited has scheduled a Board meeting on Tuesday, 15th July 2025. During this meeting, the Board will consider and recommend the issuance of bonus shares to its equity shareholders, with the exact ratio to be decided and the record date to be announced later.
In addition, the Board will also discuss the proposal to declare a final dividend of up to 100 percent equivalent to Re. 1 per equity share of face value Re. 1 reach subject to shareholder approval at the upcoming Extra-Ordinary General Meeting.
Financials & more
Kretto Syscon reported a significant growth in its revenue from operations, showing a quarter-on-quarter rise of around 28 percent from Rs. 1.8 crores in Q3 FY25 to Rs. 2.3 crores in Q4 FY25. However, its net profit decreased during the same period from a profit of Rs. 1 crore to a loss of Rs. 1.4 crores. Kretto Syscon Limited is primarily engaged in two business segments: Real Estate Development and Software & IT Solutions.
In the Real Estate Development, the company’s expertise encompasses a wide range of real estate activities including strategic purchase and development of both residential and commercial properties across india, development projects, comprehensive management, and more.
In the Software & IT Solutions, Kretto Syscon is engaged in software design and development, IT assignments and subcontracting, comprehensive IT support, hardware solutions, and more.
Written by Shivani Singh
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