Metropolis Healthcare Ltd. is set to disburse bonus shares to its stakeholders this week. To be eligible for a bonus issue, investors should pay attention to the record date, which is used to determine eligible shareholders.
The company announces this date in advance, and only those who hold the shares in their demat account as of this record date will be eligible for the bonus allotment. Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible.
Therefore, purchases made on the record date itself will not reflect in the demat account in time.
Metropolis Healthcare has fixed March 20, 2026, as the record date for issuing bonus equity shares in the ratio of 3:1. This means shareholders holding equity shares on this date will be eligible for the bonus issue. The bonus shares will be allotted on March 23, 2026.
The company had earlier announced the bonus issue, which was approved by shareholders via postal ballot. The bonus issue is of 3 new equity shares for every 1 existing equity share, with a face value of Rs 2 each.
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