Shares of KP Energy were locked at 5% upper circuit on 28 December after the company announced that the board would consider bonus shares at its meeting on 30 December.

The company’s Board of Directors is set to meet on 30 December to consider the proposal to issue bonus equity shares to the company’s current shareholders.

The board will consider and approve an increase in the authority share capital of the company to accommodate the issue of bonus equity shares.

The board will also consider and approve the appointment of Dukhabandhu Rath as a non-executive independent director of the company and appoint Amitkumar Subhashchandra Khandelwal as the company’s whole-time director.

Earlier last week, the company secured an order to supply wind turbines of 193.2 megawatts to Suzlon Energy that comprise 92 wind turbines of S120-140-HLT model that have a rated capacity of 2.1 megawatts each that are to be supplied to Suzlon.

At 12:28 pm, the shares of KP Energy were locked 5% higher at Rs 653.60 on BSE.