Multi Commodity Exchange of India (MCX) board has announced a 5:1 stock split, reducing the face value of its equity shares from 10 to 2. Shareholders will receive five shares for every one share they hold. The record date for this stock split is January 02, 2026. You can check the announcement from the company here.
Stock Split Details
| Field | Information |
|---|---|
| Company | Multi Commodity Exchange of India (MCX) |
| Split Ratio | 5:1 |
| Record Date | January 02, 2026 |
| Ex-Date | January 02, 2026 |
| Eligibility | Shareholders holding or buying shares on or before the cum-date (January 01, 2026) |
| Credit Timeline | Within 2 - 3 trading days from the record date (January 02, 2026) |
What is a stock split?
A stock split is when a company increases the number of shares by reducing the face value per share.
What does the 1:5 stock split mean for Multi Commodity Exchange of India?
Each share with a face value of 10 will be subdivided into shares with a face value of 2. For every one share held, shareholders will receive five shares, effectively increasing the number of shares by five times.
Example:
Before Split: 100 shares at 10,172 each = 10,17,200
After Split: 500 shares at 2,034.40 each = 10,17,200
The overall investment value remains unchanged; only the number of shares and price per share adjust proportionately.
Also, we adjust the OHLC data and charts on Kite for corporate actions like bonuses, stock splits, and rights issues. We’ve explained it here.
Who is eligible to receive the split shares?
Shareholders who hold or purchase shares of Multi Commodity Exchange of India on or before the cum-date (January 01, 2026) will be eligible to receive the split shares. To qualify, the shares must be credited to the demat account by the record date (January 02, 2026).
How long does it take for the split shares to reflect?
When a stock undergoes a split, it takes up to 2–3 working days from the ex-date or record date for the new shares to be credited to the demat account. During this period, the shares may not be visible in your holdings.
The P&L may show an artificial decrease in profits or an increase in losses until the new shares are credited. This will be automatically adjusted once the holdings are updated.
Can I sell my shares before the split shares are credited?
Yes, you can sell your shares even before the split shares are credited to your demat account. The shares sold will be adjusted for the stock split, and the remaining entitlement will be credited to your demat account within 2–3 working days after the record date. There will be no impact on your P&L.
What happens if a stock split results in fractional shares?
If a stock split results in fractional shares, these cannot be traded in the market. The company appoints a trustee to buy back the fractional shares, and the proceeds are credited to the shareholder’s primary bank account, typically within 45 days.