Source : INDIA TODAY NEWS
Choice International’s board has recommended a 1:1 bonus issue, under which shareholders would receive one additional share for every share held, subject to shareholder approval.
The company announced the proposal alongside its financial results for the quarter ended September 30, 2026. It has not specified a record date for determining shareholder eligibility in its announcement.
The proposed bonus issue comes as Choice International reported its highest-ever quarterly consolidated revenue of Rs 379 crore in Q2 FY27, up 33% from Rs 284.1 crore in the corresponding quarter last year.
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Consolidated profit after tax rose 23% year-on-year to Rs 69.47 crore, compared with Rs 56.5 crore in Q2 FY26. The company’s profit after tax margin stood at 18.33%, against 19.88% a year earlier.
Consolidated EBITDA increased 32% to Rs 130.6 crore, while the EBITDA margin was 34.47%, compared with 34.84% in the year-ago quarter.
Rs 900-CRORE INVESTMENT
Separately, Choice Equity Broking received Rs 900 crore from South Korea’s NH Investment & Securities after the quarter ended. The investment is expected to support the company’s margin trading facility (MTF) expansion and broader business growth.
Choice added 1.73 lakh demat accounts during the quarter, taking its total to 13.78 lakh, a 14% year-on-year increase. Its assets under custody stood at Rs 66,300 crore, while its MTF book was Rs 463 crore.
The company’s government advisory business had an order book of Rs 710 crore. Its investment banking pipeline comprised 24 IPO mandates with estimated fundraising of Rs 6,210 crore.
The NBFC business reported a loan book of Rs 935 crore, with the company continuing to focus on expanding its retail lending operations.
Choice International is a diversified financial services and consulting group headquartered in Mumbai and listed on the BSE and NSE. Its businesses span broking, wealth management, lending, insurance, investment banking, asset management and government and infrastructure consultancy.
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SOURCE :- TIMES OF INDIA
