Gretex Corporate Services has made a public announcement regarding a Bonus Issue in the ratio 9:10. This means that eligible shareholders as on the record date which is 10 April 2025 will be receiving 9 share(s) for every 10 share(s) held. The detailed announcement by the company can be found here.
Please find some helpful FAQs on the bonus issue of Gretex Corporate Services below:
1. How to get bonus shares of Gretex Corporate Services?
If you hold the shares of Gretex Corporate Services as on the record date which is 10 April 2025 then you are eligible for the bonus issue.
2. What happens if you sold the shares of Gretex Corporate Services on the record date?
Even if you sold the shares of Gretex Corporate Services on the record date which is 10 April 2025, then also you will get the bonus shares as the settlement of the sold shares will happen on the T+1 day.
3. How to participate in the Bonus issue if you are not an existing shareholder of Gretex Corporate Services?
If you are not an existing shareholder of Gretex Corporate Services but want to participate in the bonus issue, make sure to purchase shares of Gretex Corporate Services before the Ex-Date which is 9 April 2025.
4. When will the Bonus shares of Gretex Corporate Services be credited to demat account?
Bonus shares are credited to your demat account on the T+1 day where T day is the Record Date, i.e. 10 April 2025. Hence, from T+2 day, you can begin trading with those bonus shares.
5. What is the impact of Bonus issue on the stock price of Gretex Corporate Services?
On the Ex-Date which is 9 April 2025, the price of the stock gets adjusted due to the bonus. Due to this adjustment, you see a dip in your unrealized profit. The dip is corrected once the bonus shares are approved for listing and are eligible for trading.
6. What is the impact of Bonus issue on the cost price of Gretex Corporate Services in the portfolio?
The cost of acquisition of the Bonus shares is zero as per ITD guidelines. Hence, for the purpose of unrealized P&L the average price is used whereas for realized P&L, FIFO (first in first out) logic is used.
7. If shares of Gretex Corporate Services are bought via MTF, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Gretex Corporate Services via MTF, the bonus shares will be issued and the MTF holdings will get automatically updated once the shares are approved for listing
8. If shares of Gretex Corporate Services are bought and pledged for Margin, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Gretex Corporate Services and pledge them to get margin, the bonus shares will be issued the pledge holdings will get automatically updated once the shares are approved for listing
What do you think about this Bonus Issue? Feel free to use this thread to discuss.