IRB Infrastructure Developers Limited has informed the Exchange that Record date for the issue of Bonus equity shares is 01-Apr-2026.
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IRB Infrastructure Developers has fixed April 1, 2026, as the record date for issuing bonus equity shares in a 1:1 ratio, meaning one new Re.1 share for every one existing Re.1 share held. This bonus issue was approved by shareholders through a postal ballot on March 23, 2026, following the company's earlier disclosure on February 13, 2026. The deemed date of allotment is April 2, 2026, and the bonus shares will be available for trading from the next working day. Existing shareholders will see their shareholding double once the bonus shares are allotted.
This is a positive signal for shareholders as the 1:1 bonus doubles their share count without any cost, though the share price typically adjusts downward proportionally on the ex-date. It reflects management's confidence in the business and improves liquidity by increasing the number of outstanding shares.