Le Merite Exports Limited has informed the Exchange regarding Notice of Postal Ballot
LEMERITE · price
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Le Merite Exports Limited is seeking shareholder approval via postal ballot for a stock split (sub-division) of its equity shares. Each fully paid-up equity share with face value of Rs. 10 will be split into 5 equity shares with face value of Rs. 2 each. The split is intended to enhance liquidity and encourage greater retail investor participation by making shares more affordable. There will be no change in the total authorised, subscribed, issued or paid-up share capital of the company. Outstanding convertible warrants will have their conversion price and/or number of shares adjusted accordingly. Remote e-voting runs from April 13, 2026 to May 12, 2026, with record date set as April 3, 2026. The resolutions require ordinary majority approval.
The stock split is a positive signal for liquidity and retail accessibility. Shareholders will hold 5 times more shares at 1/5th the face value, with no dilution to their percentage holdings or total investment value. This is a routine corporate action that could attract more retail participation.