Introduction
If you invest in the stock market or are planning to start your investment journey, you’ve probably heard about bonus shares & stock splits. These corporate actions often create excitement among investors because they can significantly impact the number of shares held in a portfolio. July 2026 is shaping up to be an important month for the Indian stock market, with several companies announcing bonus issues and stock splits.
I remember checking my portfolio one evening and noticing that one of my holdings had declared a stock split. At first, I was thrilled, assuming it meant my investment had instantly become more valuable. However, after learning how stock splits actually work, I realized their real purpose and what they truly mean for investors.
In this article, we’ll explore five companies that have announced bonus shares or stock splits in July 2026. You’ll learn what each company does, why these corporate actions matter, how they may affect your investment, and the important record dates you should know. If you’ve ever wondered whether bonus shares are really “free shares” or how a stock split benefits shareholders, this guide will explain everything in simple, easy-to-understand language.
What Are Bonus Shares and Stock Splits
Before we jump into the list, let’s quickly understand the basics. This part matters a lot, so stick with me.
If a company issues you new shares at no cost based on the shares you already hold, this is known as receiving bonus shares. So if a company announces a 2:1 bonus, you get two new shares for every one share you own. The money comes from the company’s own reserves, not from your pocket.
A stock split is a bit different. Here, the company just breaks one share into smaller pieces. Say a company does a 1:5 split, your one share of Rs 10 face value becomes five shares of Rs 2 each. Your total investment value stays almost the same, just spread across more shares.
In my experience, both actions are usually seen as a positive signal. They show the company feels confident about its business. But buddy, here is the honest part, neither bonus shares nor stock splits actually create new wealth on their own. Your total value in rupees does not jump up magically. What changes is liquidity, and shares become more affordable for small investors like us.
5 Stocks Declaring Bonus Shares and Stock Splits in July 2026
Now let’s get into the main list. These are the 5 stocks going ex-bonus or ex-split in July 2026, based on the latest corporate action announcements.
1. Divine Hira Jewellers – 2:1 Bonus Issue
First on our list is Divine Hira Jewellers. This company designs, manufactures, and trades gold jewellery, diamond jewellery, silver articles, and other precious metal products across India. It also deals in bullion and silver items.
The board has approved a 2:1 bonus issue, meaning two new fully paid shares of Rs 10 face value for every one share you already hold. This is the company’s first-ever bonus issue, which is a nice milestone. The record date has been revised to 2 July 2026.
On the financial side, the company’s revenue jumped from Rs 2,230 million in Q4 FY25 to Rs 3,830 million in Q4 FY26, a growth of nearly 72 percent. Net profit also grew by about 33 percent during the same period. The company is planning to expand its retail presence further, which sounds promising if you ask me.
2. Krishana Phoschem – 1:5 Stock Split
Next up is Krishana Phoschem, an NSE-listed manufacturer of phosphatic fertilisers, industrial chemicals, and dye intermediates. It’s part of the Ostwal Group and runs fully integrated manufacturing units in Meghnagar, Madhya Pradesh.
The board and shareholders have approved a 1:5 stock split. So each existing share of Rs 10 face value will now become five shares of Rs 2 each. The record date for this split is 3 July 2026.
The numbers here look strong too. Revenue grew close to 60 percent year on year to Rs 7,554.9 million in Q4 FY26, and net profit more than doubled, jumping over 152 percent to Rs 830.8 million. The company also has plans to expand manufacturing capacity going forward.
3. Madhya Bharat Agro Products – 1:5 Stock Split
Third on the list is Madhya Bharat Agro Products, an Indian agrochemical and fertiliser company that makes SSP, NPK, and DAP fertilisers. It’s also part of the Ostwal Group and focuses on turning raw materials like rock phosphate into finished agri nutrients.
This company has also approved a 1:5 stock split, where each Rs 10 face value share becomes five shares of Rs 2 each. The record date is 3 July 2026, the same day as Krishana Phoschem, an interesting coincidence since both belong to the same group.
Financially, revenue rose 33 percent year on year to Rs 3,947.2 million in Q4 FY26. What really stands out is the net profit, which came in at Rs 597.5 million, more than four times higher than last year’s Rs 142.5 million. Now let’s talk about the next one on our list.
4. Mangalam Worldwide – 1:10 Stock Split
Fourth is Mangalam Worldwide, a company that manufactures and trades stainless steel products like billets, bright bars, black bars, wire rods, and wires. It also offers consultancy services to industries such as oil and gas, chemicals, pharma, and infrastructure.
This one has the biggest split ratio on our list, a 1:10 stock split. That means each Rs 10 face value share will turn into 10 shares of Re 1 each. The record date is fixed for 10 July 2026.
The revenue picture is a bit mixed here, buddy. Revenue actually came down to Rs 2,649.5 million in Q4 FY26 from Rs 3,240.4 million a year earlier. However, net profit still grew by over 81 percent to Rs 153.8 million, up from Rs 84.8 million. So even with lower revenue, the company managed better margins, which is worth noting if you’re tracking this stock.
5. Indian Toners & Developers – 1:5 Stock Split
Last but not least is Indian Toners & Developers, India’s largest maker and exporter of compatible toners for laser printers, digital copiers, and multifunction printers. Founded way back in 1990, the company sells under its flagship brand ITDL-SUPREMO across India and abroad.
The company has announced a 1:5 stock split, where each Rs 10 face value share becomes five shares of Rs 2 each. The record date here is 17 July 2026, the last of our list chronologically.
On financials, total revenue for FY26 stood at Rs 470.9 million, up 11.5 percent year on year. Net profit came in at Rs 76.2 million. It’s a smaller company compared to others on this list, so if you think like I do, always check the size and liquidity of a stock before jumping in.
How Bonus Shares and Stock Splits Affect Your Portfolio
Now, here’s something I really want you to understand clearly. When a company announces a bonus or split, the stock price adjusts automatically on the ex-date. So if a stock was trading at Rs 500 and does a 1:5 split, it will start trading around Rs 100 after adjustment. Your total holding value stays roughly the same on that day.
However, here’s the honest truth, sometimes these actions do lead to price gains over time. Why? Because lower-priced shares attract more retail buyers, and increased demand can push the price up if the company’s business is genuinely doing well. But this is not guaranteed at all. If the fundamentals are weak, no bonus or split will save the stock from falling.
I have seen this happen with my own investments too. A few years back, I held a stock that split its shares, and I got excited thinking my portfolio would suddenly grow. It didn’t work that way instantly. The real growth came only after a year, once the company’s earnings actually improved. So don’t just chase a stock because of bonus shares and stock splits alone, buddy.
Should You Buy Before the Record Date
This is probably the question on your mind right now. Honestly, it depends on your goal. If you want to be eligible for the bonus shares or stock split, you need to buy the stock before the ex-date, not just the record date, since Indian markets follow a T+1 settlement cycle.
But should you buy purely because of the corporate action? In my experience, no. Look at the company’s fundamentals first. Check revenue growth, profit margins, and future expansion plans. All five companies we discussed today are showing decent to strong financial growth, which is a good sign. Still, do your own research or talk to your financial advisor before investing.
Conclusion:
So there you have it, buddy, 5 stocks declaring bonus shares and stock splits in July 2026. From Divine Hira Jewellers’ first bonus issue to Mangalam Worldwide’s big 1:10 split, this month has plenty of action for Indian investors to track. Just remember, bonus shares and stock splits improve liquidity and affordability, but they don’t change a company’s actual value overnight.
Keep an eye on the record dates, track the financials, and invest with a clear head, not just excitement. Happy investing, and take care of your money like it’s your own child.
FAQ's
What is the difference between bonus shares and stock split?
Answer: Bonus shares give you extra shares from company reserves at no cost. A stock split just divides your existing shares into smaller units without changing your total investment value.
Which stocks are giving bonus shares in July 2026?
Answer: Divine Hira Jewellers is issuing its first-ever bonus shares at a 2:1 ratio, with the record date fixed as 2 July 2026.
Which stocks are announcing stock splits in July 2026?
Answer: Krishana Phoschem, Madhya Bharat Agro Products, Mangalam Worldwide, and Indian Toners & Developers are all announcing stock splits in July 2026.
Does a stock split increase my investment value?
Answer: No, a stock split does not increase your total investment value instantly. It only increases the number of shares you hold while price adjusts proportionally.
What is the record date for bonus shares and stock splits?
Answer: The record date is the cutoff date set by the company to decide which shareholders are eligible for the bonus shares or stock split.
Should I buy a stock just because it announced a bonus issue?
Answer: Not just for that reason. Always check the company’s financial health, growth trend, and future plans before investing your money.