MCX Stock Split, Avax Bonus: Key Corporate Actions in 2026

Market Buzzes with Corporate Actions

The Indian stock market is set for an active period, with several companies announcing significant corporate actions. Investors are closely watching developments related to stock splits, bonus issues, and dividend declarations. Key companies in focus include Multi Commodity Exchange of India (MCX), A-1 Ltd, and the recently listed Avax Apparels and Ornaments Ltd, each with important dates and decisions on the horizon.

Upcoming Splits, Bonuses, and Rights Issues

A number of companies are scheduled to trade ex-date for various corporate actions. These events are crucial for shareholders as they can impact stock liquidity, share price, and overall investment value. The week's calendar includes actions from a diverse set of firms, signaling dynamic capital management strategies across different sectors.

Here is a summary of the key corporate actions scheduled:

A-1 Ltd Announces Bonus Issue and Stock Split

Chemical manufacturer A-1 Ltd has confirmed two separate corporate actions. The company has fixed Wednesday, December 31, 2025, as the record date for a bonus share issue in a 3:1 ratio. This means eligible shareholders will receive three bonus shares for every one share they hold.

Additionally, A-1 Ltd is proceeding with a stock split to subdivide each equity share of face value ₹10 into ten shares of face value ₹1 each. The company has revised the record date for this stock split from December 31, 2025, to Thursday, January 8, 2026, to properly sequence the corporate actions.

MCX Sets Record Date for Stock Split

Multi Commodity Exchange of India (MCX) has finalized its stock split plans. The company has set Friday, January 2, 2026, as the record date for the subdivision of its equity shares. Each existing share with a face value of ₹10 will be split into five shares, each with a new face value of ₹2. This move is typically aimed at increasing the liquidity of the stock and making it more accessible to retail investors.

Spotlight: Avax Apparels and Ornaments

Avax Apparels and Ornaments Ltd, which listed on the BSE SME platform in early 2025, has informed the exchange of an upcoming board meeting. The meeting, scheduled for February 17, 2026, will consider proposals for a stock sub-division (split) and the issuance of bonus shares. This development comes just over a year after its successful Initial Public Offering (IPO).

The company operates in two distinct business segments: the wholesale trading of knitted fabrics and the online retail of silver ornaments. It sources fabrics directly from manufacturers and supplies them to garment makers, while its jewellery division focuses on affordable silver items with designs that often replicate popular gold patterns.

Avax Apparels' Financial Growth

The company's financials show significant growth in recent years. Its revenue and profit after tax have expanded substantially, providing context for its potential capital restructuring plans. The growth trajectory highlights the company's performance leading up to its IPO and beyond.

A Look at the Avax Apparels IPO

Avax Apparels launched its IPO in January 2025 to raise ₹1.92 crore. The issue was priced at ₹70 per share and was met with strong investor demand, recording a total subscription of 260.48 times. The funds were intended for meeting working capital requirements and general corporate purposes. The strong reception indicated high market interest in the company's business model and growth prospects at the time of its listing.

Broader Market Context

Beyond these specific actions, the market is also anticipating news from large-cap companies. IT major Tata Consultancy Services (TCS) has scheduled a board meeting for January 12, 2026. The board will consider its financial results for the December quarter and the declaration of a third interim dividend for shareholders. The record date for this potential dividend has been set for January 17, 2026.

Conclusion

The upcoming corporate actions from companies like MCX, A-1 Ltd, and Avax Apparels highlight a period of active capital management in the market. Stock splits and bonus issues are often viewed positively by investors as they can improve liquidity and signal management's confidence. As these events unfold, shareholders and potential investors will be watching closely to see how they impact share performance and market sentiment.