The SMC Global Securities Ltd (SMCGLOBAL) board has announced a 1:1 bonus issue, meaning shareholders will receive 1 additional share for every 1 share they already hold. The record date for this bonus issue is November 14, 2025. You can check the announcement from the company here.
Bonus issue details:
| Particulars | Details |
|---|---|
| Company | SMC Global Securities Ltd (SMCGLOBAL) |
| Bonus Ratio | 1:1 |
| Record Date | November 14, 2025 |
| Ex-Date | November 14, 2025 |
| Eligibility | Shareholders holding or buying shares on or before the cum-date (November 13, 2025) |
| Credit Timeline | Within 2 trading days from the record date (November 14, 2025) |
What is a Bonus Issue?
A bonus issue is a way for a company to reward its shareholders by giving them additional shares at no extra cost. However, the value of your investment remains the same.
When a company issues bonus shares, the number of shares increases, but the investment value remains the same. The stock price is adjusted according to the bonus ratio; this should not be mistaken for a correction or a fall in stock price.
Example:
If you held 10 shares of SMC Global Securities Ltd (SMCGLOBAL) priced at ₹137 each, and the company announces a 1:1 bonus, you’ll receive 10 additional shares.
Your total holdings will now be 20 shares, and the share price will adjust to approximately ₹68.5.
However, your overall investment value remains unchanged at ₹1,370.
Who is eligible for the bonus issue?
Shareholders who hold or buy SMC Global Securities Ltd (SMCGLOBAL) shares on or before the ex-date (November 13, 2025) will be eligible to receive the bonus shares.
To qualify, the shares must be credited to your demat account by the record date (November 14, 2025).
When will the bonus shares reflect in my demat account?
The bonus shares are typically credited within 2 trading days from the record date (November 14, 2025).
They may appear under a temporary ISIN initially and will take an additional 4–5 working days to get a permanent ISIN. Once assigned, they will appear in Kite and be available for trading.
What happens to my holdings and P&L on Kite and Console after the ex-date?
After the ex-date, the share price will be adjusted for the bonus issue, which may temporarily show a drop in your P&L on Kite and Console.
Once the bonus shares are credited, your holdings will update with the new quantity. The buy average price will also be recalculated and updated within a couple of days.
Kite also adjusts OHLC data and charts for corporate actions like bonuses, splits, and rights issues.
Why has my average price dropped after the bonus issue?
Bonus shares are credited at no cost, and their value is considered zero. When these shares are added to your demat account, the average price is recalculated by spreading the original investment over the increased number of shares, reducing the average.
Example:
If you held 10 shares at ₹137 each and received 10 bonus shares, your total holdings become 20 shares.
Your new average price becomes:
₹1,370 ÷ 20 = ₹68.5 per share.
Can I sell my shares before the bonus shares are credited?
Yes, you can sell your shares normally if you wish. This will not affect your trades or P&L, as the bonus shares are allotted based on your holdings as of the record date (November 14, 2025).
Click here to learn more about how bonus issues affect your holdings.