Two companies have announced bonus issues with April 1 as the record date. Triton Valves has declared a 3:1 bonus issue, while IRB Infrastructure Developers has announced a 1:1 bonus issue. Both companies have set April 1 (Wednesday) as the record date for their respective bonus issue of shares. According to reports from The Economic Times, investors must own the shares of the companies in their demat accounts on Wednesday to be eligible to receive the bonus shares.
Markets will remain closed on March 31 (Tuesday) due to Shri Mahavir Jayanti. This means that shares must be bought latest by March 30 so that they are credited to the shareholders' accounts by April 1, as per the T+1 settlement norm. As reported by The Economic Times, investors have until March 30 to purchase shares to be eligible for the bonus issue. The stock effectively turned ex-date for the bonus issue today (ex-date usually occurs one business day before the record date). According to Moneycontrol, March 27 was the last trading day for investors to hold shares to be eligible for the bonus issue.
IRB Infrastructure shares surged 9% to trade at ₹22.25 on Monday, March 30, as the stock began trading adjusted for the bonus issue. The stock opened at ₹20.56 and touched an intraday high of ₹22.70 before settling at ₹22.25, representing an 8.70% increase from the adjusted previous close of ₹40.93. The company has fixed April 1, 2026 as the record date for determining shareholders eligible for the bonus equity shares. According to Moneycontrol, the stock opened at ₹20.56 on the NSE and later rose about 11.45% to ₹22.70 during the session. The company currently has a market capitalisation of ₹26,813.16 crore with a free float market cap of ₹8,802.94 crore.
IRB Infrastructure Developers reported robust operational metrics with gross toll collections growing 22% year-on-year to ₹746 crore for February 2026, compared to ₹613.8 crore collected in February last year. As reported by The Economic Times, "Robust traffic growth across our assets and the corresponding rise in toll revenue, including the full-month contribution from the newly added IRB Harihara Corridor (TOT-17), are encouraging. Collection trends for TOT-17 are in line with our bid estimates. Toll collection growth has strengthened from about 15% last month to around 22% in the current month." The company's asset base spans approximately ₹80,000 crore across 12 states, positioning it as an integrated private toll roads and highways infrastructure developer.
IRB Infrastructure's 1:1 bonus issue was approved by the company on February 13, 2026, marking the company's first bonus issue in its history. Under the 1:1 structure, eligible shareholders receive one additional share for every share held. As per The Hindu BusinessLine, a shareholder with 100 shares as on the record date will hold 200 shares post-allotment, with the share price adjusting proportionately downward. The company had previously carried out a stock split in February 2023, converting one share of ₹10 face value into ten shares of ₹1 each. The stock's 52-week high is ₹27.14, hit on June 10, 2025, while its 52-week low is ₹19.15, recorded on March 2, 2026. According to Moneycontrol, this is the company's first bonus issue, with investors holding shares as of March 27 being eligible for the bonus shares.
IRB Infrastructure reported mixed financial results for Q3 FY26. The construction engineering company posted a 96.5% year-on-year decline in consolidated net profit at ₹210.71 crore during the quarter, compared to ₹6,026.11 crore in Q3 FY25. However, profit after tax before exceptional items surged 14% YoY to ₹253 crore for the December quarter, as against ₹222 crore in the year-ago period. Total revenue from operations slumped 7.6% YoY to ₹1,871.17 crore, compared to ₹2,025.44 crore in Q3 FY25. The company's EBITDA stood at ₹1,063 crore, advancing 1.33% YoY from ₹1,049 crore in Q3 FY25. Additionally, the board declared a third interim dividend of ₹0.07 per equity share for FY26.
