The Board of Directors of KBC Global has announced a board meeting where they approved the issuance of fully paid bonus shares at a 1:1 ratio, subject to shareholder approval.

This will double the company's equity shares from ₹2,614.38 crore to ₹5,228.76 crore post-issue, with the record date to be announced later.

Additionally, the Board approved an alteration of the Memorandum of Association to increase authorized capital and a change of the company name to Dharan Infra-EPC Limited.

Mr. Naresh Karda was appointed as Chairperson of the UK subsidiary.

This strategic move reflects a strong capital position and may enhance investor confidence, likely indicating a positive outlook in the long term.