Bonus Share 2026: A nanocap company has announced a bonus issue soon after the stock split. The company, Avax Apparels and Ornaments, has fixed the bonus share ratio at 3:1. It means that the company will issue three bonus shares for every one share.
This is the first bonus share announcement after the stock split in March 2026.
Bonus Share 2026 Announcement
Avax Apparels and Ornaments shares have a face value of Rs 5. Avax Apparels and Ornaments bonus shares will also carry a face value of Rs 5.
"Determining entitlement of Equity Shareholders for the purpose of issue of bonus equity shares in the ratio of 3:1, i.e., Three (3) bonus equity share of face value of Rs 5 each for every one (1) fully paid-up equity share of face value of Rs 5 each ranking pari-passu in all respects," Avax Apparels And Ornaments said in an exchange filing.
Bonus Share 2026 Record Date: Avax Apparels and Ornaments
Avax Apparels and Ornaments has already announced the record date for the bonus issue of shares. Avax Apparels and Ornaments has set April 7, 2026 as the record date.
"The deemed date of allotment of bonus equity shares shall be Wednesday, April 08, 2026," Avax Apparels And Ornaments said in the filing.
Avax Apparels and Ornaments Stock Split History
Avax Apparels and Ornaments had announced in March 2026 the sub-division of face value or stock split. This was the first-ever stock split announcement by Avax Apparels and Ornaments.
Avax Apparels and Ornaments had fixed the stock split ratio at 2:1, two for one. Each share of Avax Apparels and Ornaments carrying a face value of Rs 10 was split into two shares of Rs 5 face value.
