eClerx fixed 13 March 2026 as the record date for its 1:1 bonus, with deemed allotment on 16 March and trading expected from 17 March, so the holders saw their share count double within a few days. Their average cost per share halved at the same time.
Aastha Spintex had a similar schedule, with the record date on 28 September 2026, allotment on 29 September and trading from 30 September.
Under the 1:1 bonus of Anand Rathi Wealth, each holder receives one bonus share for every fully paid share held on the record date, which was fixed as 3 June 2026. The holding of every investor on the register on that date therefore doubles.
What changes in the holding and the average cost
Take an investor who had bought 100 shares at Rs 200 each, so the total cost was Rs 20,000. After a 1:1 bonus issue, the same investor will hold 200 shares.
- Before the issue: 100 shares, average cost Rs 200, total cost Rs 20,000
- After the issue: 200 shares, average cost Rs 100, total cost Rs 20,000
The amount paid by the investor has not changed, and no new money has been added to account. Only the number of shares has increased, so the cost per share has been divided by two.
The rules behind the issue
The legal base for a bonus issue is Section 63 of the Companies Act, 2013, together with Rule 14 of the Share Capital and Debenture Rules. For listed companies, Regulations 293 to 295 of the SEBI is the statutory regulator of India's securities market, with the legal duty to protect investors and to promote and regulate that market. Read the full meaning of SEBI ICDR Regulations, 2018 also apply.
For a listed company, the bonus shares are allotted only in demat form, so the additional shares appear directly in the investor's A demat account is an electronic account that holds an investor's shares, bonds, ETFs and mutual fund units in digital form instead of paper certificates. Read the full meaning of Demat Account. The company has to implement the issue within 15 days of the board approval, or within 2 months of the shareholder approval where a vote is needed. Bonus shares cannot be issued in place of a A dividend is a part of a company's profit that the board decides to pay to shareholders, usually in cash, in proportion to the shares held. Read the full meaning of Dividend.
