# Chavda Infra announces 1:1 bonus share issue, capital hike to Rs 70 crore 2026-08-06T14:51:22+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Chavda Infra has announced a 1:1 bonus share issue for existing shareholders, subject to approvals, and an increase in authorised capital from Rs 35 crore to Rs 70 crore. The Hindu Business Line reports that shareholders have already approved the bonus issuance via postal ballot. The bonus issue will involve allotment of 3.26 crore equity shares of face value Rs 10 each, increasing paid-up capital from Rs 32.66 crore to Rs 65.31 crore. The company, which focuses on real estate and construction in Gujarat, decided against declaring a dividend, choosing instead to retain profits for expansion. It recently secured a Rs 89 crore contract from ADI Shantigram Abode LLP, an Adani group firm, for a residential project at Adani Shantigram Township, Ahmedabad. The stock, listed in October 2023, is currently trading 36% below its all-time high of Rs 209. ## Coverage - livemint.com - thehindubusinessline.com Tags: bonus shares, Chavda Infra, Gujarat, real estate, stock market Canonical: https://indianopinion.org/chavda-infra-proposes-11-bonus-issue-doubles-authorised-capital/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/chavda-infra-proposes-11-bonus-issue-doubles-authorised-capital/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.