Split3 Oct 2026, 11:00 am
Meenakshi India Sub-divides Equity Shares: ₹10 to ₹5
AI Summary
Meenakshi India Limited announced the sub-division of its equity shares from a face value of ₹10 to ₹5 each. The record date for this corporate action has been set for Friday, October 30, 2026. This move, approved by shareholders at the AGM on September 28, 2026, aims to enhance share liquidity and affordability, encouraging broader retail investor participation. Each shareholder will hold double the number of shares post-sub-division, with their proportionate ownership remaining unchanged. The company recently listed on the BSE Main Board on July 28, 2026.
Key Highlights
- Equity shares to be sub-divided from ₹10 face value to ₹5.
- Record date for sub-division fixed as October 30, 2026.
- Aims to increase share liquidity and attract retail investors.
- Shareholders will hold twice the number of shares post-split.
- Proportionate ownership in the company remains unchanged.
Price Impact
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