Cupid share price jumped 15% on Monday, March 9 as small-cap stock traded ex-bonus amid stock market crash. The firm revealed a bonus issue at a ratio of 4:1, indicating that shareholders will obtain four bonus shares for every one share they held as of the record date on March 9.
“….we wish to inform you that the deemed date of allotment would be next working day i.e. Tuesday, March 10, 2026, for allotment of 1 07,57,28,560 fully paid-up Bonus Equity Shares of Re 1/- each in the proportion of 4:1 i.e. 4 (four) new fully paid-up equity shares of Re 1/- (Rupee One only) for every 1 (One) existing fully paid-up equity share of Re 1/-(Rupee One only) to the eligible shareholders as on the record date,” said the company in an exchange filing.
For instance, if an investor holds 1,000 shares of Cupid, they will be granted 4,000 additional bonus shares, resulting in a total of 5,000 shares after the 4:1 bonus distribution.
A bonus share is an additional share that a company provides to its current shareholders at no cost, typically drawn from its retained earnings, as a way to reward investors.
The key domestic stock indices, Nifty 50 and Sensex, plummeted on Monday as rising crude oil prices were perceived to add strain to the economy of the South Asian nation, raising concerns about growth and inflation while increasing import expenses for the world’s third-largest oil importer.
