The board of directors of KBC Global Ltd (BSE: 541161), a prominent player in the construction and real estate sector, announced significant corporate moves aimed at boosting business operations and reducing debt. The company has approved a 1:1 bonus equity share issue, pending shareholder approval, which will be funded from its free reserves and capital accounts, totaling Rs. 261.43 crore. This is expected to double the company’s share capital to Rs. 522.87 crore. Additionally, KBC Global Ltd will be renamed Dharan Infra-EPC Ltd, aligning with its new strategic focus.
The company’s order book exceeds Rs. 260 crore, with a market capitalization of Rs. 300 crore. KBC Global is also in the midst of securing investments worth Rs. 99.5 crore from notable entities like Patanjali Food & Herbal Park and Falcone Peak Fund. The funds will be used for debt reduction, facilitating the company’s expansion plans. KBC’s subsidiary, Karda International Infrastructure Ltd, has recently secured a $20 million civil engineering subcontract, marking its entry into Africa’s infrastructure market.
The company’s growth is also reflected in its ongoing expansion, including a new project in Deolali, Nashik, offering both residential and commercial units. In Kolkata, KBC’s upcoming projects and financial restructuring are expected to spark significant interest, aligning with the city’s growing demand for modern infrastructure and real estate. The capital infusion and debt reduction efforts position KBC Global for a stronger foothold in Eastern India, where the construction and housing sectors are on the rise.