Meenakshi (India) Limited Announces Equity Share Sub-Division
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What happened
Meenakshi (India) Limited announced that its Board of Directors has set October 30, 2026, as the record date for a sub-division of its equity shares. Under the plan, each equity share with a face value of Rs 10 will be split into two equity shares, each with a face value of Rs 5. The company had previously completed a direct listing on the Main Board, with trading starting on July 28, 2026.
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Why it matters
The sub-division is intended to make the company's equity shares more affordable and increase their liquidity. The company stated this move aims to encourage greater participation from retail investors and widen its shareholder base.
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Who's involved
- companyThe company undergoing the equity share sub-division
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