Updated: April 18, 2026. Upcoming dates from April 22 onward still have ex-dates to watch.
Live corporate actions tracker → StockMirror Market Calendar
Full April 2026 Calendar
Completed (April 1–17)
| Record Date | Company | Action | Details |
|---|---|---|---|
| Apr 1 | IRB Infrastructure Developers Ltd | Bonus Issue | 1:1 (1 free share per share held) |
| Apr 1 | Triton Valves Ltd | Bonus Issue | 3:1 (3 free shares per share held) |
| Apr 2 | B2B Software Technologies Ltd | Bonus Issue | 1:2 (1 free share per 2 held) |
| Apr 3 | R&B Denims Ltd | Stock Split | ₹2 face value → ₹1 (shares double) |
| Apr 7 | Avax Apparels and Ornaments Ltd | Stock Split | ₹10 face value → ₹5 (shares double) |
| Apr 10 | R M Drip and Sprinklers Systems Ltd | Bonus Issue | 5:7 (5 new shares per 7 held) |
| Apr 17 | Pashupati Cotspin Ltd | Stock Split | ₹10 face value → ₹1 (shares 10×) |
Upcoming — April 22–30
| Record Date | Company | Action | Status |
|---|---|---|---|
| Apr 22 | Trent Limited | Bonus Issue | Board meeting to consider — ratio TBA |
| Apr 24 | Anlon Healthcare Ltd | Bonus Issue | 1:1 confirmed |
| Apr 24 | Vega Jewellers Ltd | Bonus Issue | 4:1 confirmed (4 free shares per 1 held) |
| Apr 24 | String Metaverse Ltd | Stock Split | ₹10 face value → ₹1 |
| Apr 27 | City Union Bank Limited | Bonus Issue | Board meeting to consider — ratio TBA |
The Two to Watch
Trent Limited — Board Meeting April 22
Trent is one of India's fastest-growing retail companies — the Westside and Zudio chains under the Tata Group umbrella. If the board approves a bonus issue, it signals confidence in earnings sustainability. Trent has been on a strong revenue growth trajectory.
To be eligible: The record date and ex-date will be announced after the April 22 board meeting. Typically 10–15 days after announcement.
City Union Bank — Board Meeting April 27
City Union Bank is a Chennai-headquartered private sector bank. Board meetings to consider bonus issues alongside dividend recommendations are common at year-end for well-capitalised banks. The announcement will follow the meeting.
Understanding the Actions
Stock Split vs Bonus Issue — Quick Reference
| Stock Split | Bonus Issue | |
|---|---|---|
| Face value | Changes (e.g., ₹10 → ₹5) | No change |
| Free reserves used | No | Yes (Debit: Free Reserves, Credit: Paid-up Capital) |
| Share count | Increases | Increases |
| Total holding value | Unchanged | Unchanged |
| Share price on ex-date | Adjusted down proportionally | Adjusted down proportionally |
| Tax on bonus shares | Cost = ₹0, gain = full sale price | Same |
Full guide: Stock Split vs Bonus Issue →
How Bonus Ratios Work
| Bonus Ratio | You Hold | New Shares | Total After |
|---|---|---|---|
| 1:1 | 100 | 100 | 200 |
| 3:1 | 100 | 300 | 400 |
| 4:1 | 100 | 400 | 500 |
| 5:7 | 700 | 500 | 1,200 |
Full guide: What Is a Bonus Issue in India →
Pashupati Cotspin Split (Apr 17) — A 10× Split
A ₹10 → ₹1 split means the share count increases 10 times. This is one of the more aggressive split ratios — typically used when the share price has risen to a level that reduces retail liquidity. After a 10× split, each share is priced at one-tenth of the pre-split price.
What Corporate Actions Don't Change
Both splits and bonus issues are value-neutral at the moment of execution. They do not:
- Change the company's earnings
- Change the company's market capitalisation
- Create new value for shareholders
What they may affect:
- Liquidity: Lower per-share price after split/bonus increases retail accessibility
- Sentiment signal: A bonus issue requires the company to have sufficient free reserves — companies with weak balance sheets cannot do them
- Post-event performance: Studies on Indian markets show minor positive drift post-bonus, but this is a sentiment effect, not a fundamental change
May 2026 Preview
May 2026 currently has just 2 corporate actions recorded:
- May 8: Alka India Ltd — Bonus issue 6:1 (6 new shares per 1 held)
- May 15: Biogen Pharmachem Industries Ltd — Bonus issue 1:6
This list will grow as Q4 FY26 board meetings conclude and more companies announce year-end capital return actions.
May 2026 Splits & Bonus Issues →
Related Articles
- What Is a Stock Split in India — Complete Guide
- Stock Split vs Bonus Issue — Key Differences
- What Is a Bonus Issue in India
- April 2026 Dividend Calendar
Disclaimer: Corporate action data from NSE/BSE announcements. Board meeting outcomes (Trent, City Union Bank) TBA. Verify on BSE/NSE before any trading decisions. Not financial advice.