Le Merite Exports Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
LEMERITE · price
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Le Merite Exports Limited has announced the results of its postal ballot voting conducted between April 13, 2026 and May 12, 2026. Two resolutions were passed with 100% shareholder approval: (1) Sub-division/Stock Split of Equity Shares, and (2) Alteration of Capital Clause of Memorandum of Association. A total of 14,941,444 votes (59.69% of outstanding shares) were cast by 12 shareholders, with zero votes against or abstentions. Promoter and promoter group accounted for 14,911,800 votes (99.85% of their holding), while public non-institutions contributed 29,637 votes.
The stock split will increase the number of shares outstanding, making them more affordable for retail investors and potentially improving liquidity. The unanimous approval indicates strong promoter backing for the corporate restructuring. Shareholders should expect the company to update its capital structure and face value accordingly.