Nashik (Maharashtra) [India], February 19: Board of directors of Nashik based, KBC Global Ltd, BSE - 541161 engaged in the business of construction and real estate development in the meeting held on 15 February has approved Bonus issue in the ratio of 1:1 (one bonus equity share for every one fully paid equity share of Rs. 1 each) subject to approval of the shareholders of the company. Company aims to turnaround business operations with plans to expedite expansion plans and debt reduction in near future. The Board of Directors also approved proposal to increase authorized capital and proposed renaming KBC Global Ltd to Dharan Infra-EPC Ltd or another name approved by the ROC. Company also approved appointment of Mr. Naresh Karda as chairperson of KBC Infrastructure Ltd, UK based wholly owned subsidiary. Order book of the company at over Rs. 260 crore. Market capitalisation stands at Rs. 300 crore