Kretto Syscon surges 5% to ₹2.05 after announcement of board meeting to consider 100% dividend and bonus shares

Shares of Kretto Syscon Limited, a penny stock trading under ₹5, hit their upper circuit of 5% on Friday, June 20, climbing to ₹2.05. This rally came after the company informed the exchanges about a scheduled Board of Directors meeting on July 15, 2025, to consider major shareholder rewards including a final dividend and bonus share issue.

Board to Consider 100% Final Dividend and Bonus Issue

In its regulatory filing, Kretto Syscon revealed that the board will deliberate on a 100% final dividend — translating to ₹1 per equity share of ₹1 face value — for the financial year ending March 31, 2025. The move is subject to the availability of distributable reserves and necessary shareholder and statutory approvals. Alongside the dividend, the board will also consider a bonus share issuance, with the ratio and record date to be decided in the meeting.

These proposals are expected to be taken up for shareholder approval during an upcoming Extra-Ordinary General Meeting (EGM).

Impressive Annual Gains Despite June Decline

Kretto Syscon’s announcement boosted short-term investor sentiment, even though the stock had declined over 7% in June, breaking a five-month streak of gains. Prior to the recent dip, the stock had delivered strong monthly gains:

• 7.8% in May
• 11.4% in April
• 2.22% in March
• 22.5% in February
• 23.5% in January

Despite the June correction, the stock has surged over 121% in the past year. It reached a 52-week high of ₹2.72 earlier in June and had touched a low of ₹0.60 in July 2024, making it a multibagger performer.

About Kretto Syscon

Kretto Syscon operates in the real estate development and technology solutions sector. While still in the penny stock category, it positions itself as a forward-looking player delivering innovative and client-centric projects. The company aims to scale across high-growth segments through a blend of infrastructure expertise and technology-driven initiatives.

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