Board Meeting2 Sept 2026, 10:08 am
Meenakshi India Ltd Approves Stock Split and Director Appointment
AI Summary
Meenakshi India Ltd announced board meeting outcomes, including the approval of a sub-division (stock split) of equity shares from ₹10 to ₹5 face value, subject to shareholder approval. The board also approved the appointment of Mr. K. N. Mahesh Kumar as an Independent Director for a five-year term starting September 28, 2026. The 44th Annual General Meeting is scheduled for September 28, 2026, with the notice including these special business items. The stock split aims to improve investor participation and share liquidity.
Key Highlights
- Board approved sub-division of equity shares (₹10 to ₹5).
- Appointment of Mr. K. N. Mahesh Kumar as Independent Director approved.
- Director appointment term is five years, commencing Sept 28, 2026.
- 44th AGM scheduled for Sept 28, 2026, to seek shareholder approval.
- Stock split aims to enhance investor participation and liquidity.
Price Impact
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