Le Merite Exports Limited has informed the Exchange that the Board of Directors at its meeting held on April 08, 2026, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 5 equity shares of Rs. 2 each.
LEMERITE · price
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Le Merite Exports Limited's Board has approved a stock split (sub-division) where 1 equity share of Rs. 10 face value will be split into 5 equity shares of Rs. 2 face value. The authorized share capital will increase from 3.5 crore shares to 17.5 crore shares, while issued and paid-up capital will increase from 2.5 crore shares to 12.5 crore shares. The rationale stated is to enhance liquidity and make shares more affordable for retail investors. The split is subject to shareholder approval via postal ballot and regulatory approvals, expected to complete within 2 months.
The stock split increases the number of shares 5-fold while reducing the face value proportionally, making the shares more accessible to retail investors. This typically improves liquidity and may attract a broader investor base, though it does not change the company's fundamental value.