Riddhi Steel & Tube has made a public announcement regarding a Bonus Issue in the ratio 1:2. This means that eligible shareholders as on the record date which is 17 February 2026 will be receiving 1 share(s) for every 2 share(s) held. The detailed announcement by the company can be found here.
Please find some helpful FAQs on the bonus issue of Riddhi Steel & Tube below:
1. How to get bonus shares of Riddhi Steel & Tube?
If you hold the shares of Riddhi Steel & Tube as on the record date which is 17 February 2026, then you are eligible for the bonus issue.
2. What happens if you sold the shares of Riddhi Steel & Tube on the record date?
Even if you sold the shares of Riddhi Steel & Tube on the record date which is 17 February 2026, 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 Riddhi Steel & Tube?
If you are not an existing shareholder of Riddhi Steel & Tube but want to participate in the bonus issue, make sure to purchase shares of Riddhi Steel & Tube before the Ex-Date which is 17 February 2026.
4. When will the Bonus shares of Riddhi Steel & Tube 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. 17 February 2026. 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 Riddhi Steel & Tube?
On the Ex-Date which is 17 February 2026, 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 Riddhi Steel & Tube 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 Riddhi Steel & Tube are bought via MTF, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Riddhi Steel & Tube 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 Riddhi Steel & Tube are bought and pledged for Margin, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Riddhi Steel & Tube 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.