AGM/EGM29 Sept 2026, 01:02 pm
Meenakshi India Ltd Approves Share Split, Face Value Reduced to ₹5
AI Summary
Meenakshi India Ltd announced that its members have approved an alteration to the Memorandum of Association (MOA) by changing Clause V, the Capital Clause. This alteration, passed via a special resolution at the Annual General Meeting held on September 28, 2026, involves a subdivision/split of shares. The face value of each share has been reduced from ₹10 to ₹5. Consequently, the authorized share capital remains ₹15,00,00,000, but it is now divided into 3,00,00,000 Equity Shares of ₹5 each. This change is in compliance with SEBI (LODR) Regulations, 2015, and the amended MOA will be uploaded to the company's website.
Key Highlights
- Shareholders approved MOA alteration via special resolution.
- Face value of shares split from ₹10 to ₹5.
- Authorized capital remains ₹15 Cr, now in 3 Cr shares of ₹5.
- Change approved at AGM held on September 28, 2026.
- Company website to host amended MOA.
Price Impact
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