Why are the bonus shares not visible in my holdings even though the company has issued it?
You will be eligible for Bonus shares only if you’ve held shares on the Ex-date, or sold shares on the Ex date (due to the T+2 settlement cycle).
For Ex: if the ex-date for Bonus is 10th April, you need to buy the stock on or before 9th of April to be eligible for the Bonus. The same concept applies to Dividends as well.
If you are eligible for Bonus shares, for it to be credited to your DEMAT account, generally takes 15 days from the record date, but this depends on the RTA (Registrar & Share Transfer Agents). You will receive an SMS from CDSL when your bonus shares are credited to your DEMAT.
Until the bonus shares are credited to your DEMAT, your holdings in Kite/Console will show an artificial drop in P&L. Once the bonus shares are credited to your DEMAT, your P&L will be restored to its correct value. Although this isn't always the case, check out this article to learn more.
You can keep track of all the current and upcoming corporate actions on Zerodha Pulse & Zerodha Bulletin.
If it has been more than 15 days from the record date and you still haven't received the bonus shares even though you are eligible for it, raise a ticket below and our customer support representative will get back to you shortly.