New Delhi, Nov. 1 -- Utssav CZ Gold Jewels has approved a 1:1 bonus share issue, under which eligible shareholders will receive one fully paid-up equity share for every share held. The proposal, approved by the company's board on 23, October, is subject to shareholders' approval and other regulatory clearances.

The proposed bonus issue will involve the allotment of 2.5 crore shares of Rs.10 each, taking the company's total outstanding equity shares to 5 crore from 2.5 crore. Consequently, its paid-up equity share capital will double to Rs.49.996 crore from Rs.24.998 crore.

The company said the bonus shares will be issued by capitalising its securities premium, free reserves and retained earnings available as of 31 March 2026.

The share...