Split31 Aug 2026, 01:23 pm
Meenakshi India Ltd Approves Stock Split: Face Value ₹10 to ₹5
AI Summary
Meenakshi India Ltd's Board of Directors has approved a proposal to sub-divide its existing equity shares. The face value of each equity share will be reduced from ₹10 to ₹5, effectively splitting each share into two. This move aims to enhance investor participation and improve the liquidity and accessibility of the company's shares. The sub-division is subject to shareholder approval at the upcoming Annual General Meeting. Additionally, the board 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.
Key Highlights
- Board approved stock split of equity shares from ₹10 to ₹5 face value.
- Sub-division aims to increase investor participation and share liquidity.
- Appointment of Mr. K. N. Mahesh Kumar as Independent Director approved.
- Director appointment is for a five-year term starting September 28, 2026.
- Shareholder approval required for the stock split and director appointment.
Price Impact
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