eClerx Services Stock Falls After Ex-Date for 1:1 Bonus Issue

eClerx Services shares dropped on Friday, March 13, after turning ex-date for a 1:1 bonus issue. The IT stock slid nearly 6% as the price adjusted for the extra shares. The move came as markets factored in the bonus entitlement for eligible shareholders on the record date.

On the BSE, the stock opened at Rs 1576.60 and later hit Rs 1483.10. That was a 5.93% fall from the previous close of Rs 1576.60. By 10:05 AM IST on March 13, 2026, eClerx Services traded at Rs 1,496.00 on the NSE, down 5.07%.

The trading levels reflected the normal ex-bonus adjustment on the effective date. Key reported prices from March 13 are summarised below for quick reference. These numbers capture the opening tone and the intraday low, along with the latest quoted NSE level at the stated time.

Item	Value
Previous close (BSE)	Rs 1576.60
Open (BSE)	Rs 1576.60
Intraday low (BSE)	Rs 1483.10
NSE price at 10:05 AM IST (March 13, 2026)	Rs 1,496.00
Decline at 10:05 AM IST (NSE)	5.07%

eClerx Services also set out the next steps for the bonus process. The company informed stock exchanges that Monday, March 16, 2026, would be the deemed date of allotment. The new bonus shares were expected to be available for trading on Tuesday, March 17, 2026, the next working day.

"This is in furtherance to our letter number eClerx/SECD/SE/2026/012 dated January 28, 2026, wherein we had informed that the Board of Directors had recommended issuance of Bonus Equity Shares in the proportion of 1 (one) new fully paid-up equity share of Rs. 10/- (Rupees Ten Only) each for every existing 1 (one) equity share of Rs. 10/- (Rupees Ten Only) each fully paid up each ranking pari-passu in all respects held by the members as on the record date subject to shareholders' approval obtained through Postal Ballot, the results for which were announced on March 6, 2026. Pursuant to Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the Company has fixed Friday, March 13, 2026, as the "Record Date" for determining the eligibility of shareholders for issuance and allotment of Bonus Shares," eClerx Services confirmed in a stock exchange statement.

Market Wizard’s Adib Noorani flagged mixed technical signals in the stock’s recent trade. "Technically, the stock is trading with weak RSI & MACD but strong buying volume. It has broken many bullish previous swing but still it is a very safe, debt-free bet for long-term investors. Short-term traders should be careful, as the whole IT sector is facing challenges of AI adoption," said Market Wizard's Adib Noorani.

eClerx provides business process management, automation, and analytics services to several Fortune 2000 companies. Its client base spans financial services, communications, retail, fashion, media and entertainment, manufacturing, travel and leisure, and technology. Incorporated in 2000, eClerx is listed on the BSE and NSE, with operations across multiple countries including India, the UK, and the USA.

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