
F Mec International to hold EGM for 1:5 stock split
F Mec International Financial Services Ltd will convene its 1st Extra-Ordinary General Meeting (EGM) on May 4, 2026, via video conferencing to seek shareholder approval for a significant corporate action. The company proposes to sub-divide its equity shares, changing each existing share with a nominal face value of ₹10 into five equity shares, each with a nominal face value of ₹2. This split will also lead to a consequential alteration in the Capital Clause of the Memorandum of Association, adjusting the authorized share capital to ₹15,00,00,000 divided into 7,50,00,000 equity shares of ₹2 each. The record date for determining eligible members for e-voting is April 3, 2026, with the remote e-voting period scheduled from May 1 to May 3, 2026. Voting results are anticipated by May 7, 2026.
Key Highlights
- EGM scheduled for May 4, 2026, to approve stock split.
- Each ₹10 face value share to split into five ₹2 shares.
- Authorized share capital to be adjusted post-split.
- Remote e-voting available from May 1 to May 3, 2026.
- Record date for e-voting eligibility is April 3, 2026.