Chavda Infra has announced its first-ever bonus issue in the ratio of 1:2, recommended a final dividend of Rs 0.20 per equity share, and secured a construction order worth Rs 89 crore from an Adani Group township project.

These announcements reflect the company’s growing order book and confidence in its future business outlook.

The new order has been awarded by Adani Realty for the construction of residential towers in one of its township developments. Chavda Infra said the project is expected to be completed within 24 months and will further strengthen its presence in Gujarat’s residential construction segment.

The proposed 1:2 bonus issue means shareholders will receive one bonus share for every two shares held, subject to shareholder approval. Alongside this, the board has recommended a final dividend of Rs 0.20 per share, rewarding investors while also signalling confidence in the company’s financial position.

Chavda Infra has been steadily expanding its project portfolio across residential, commercial and institutional developments. The company has over three decades of experience in the construction sector and has executed several high-rise and infrastructure projects, primarily across Gujarat.

The latest announcements are expected to improve investor sentiment by adding to the company’s order pipeline while enhancing shareholder returns through the bonus issue and dividend.

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