Announced Wed, 2 Sept · 10:07 IST
Board approves 1:2 stock split and appoints new Independent Director
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹411.00
prior close
₹409.05
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———-1.0-3.2-1.0-5.8-1.9-3.2-5.1————
Up moveDown movePending
AI summary
Meenakshi India Limited's Board approved a 1:2 stock split, sub-dividing each equity share of face value Rs.10 into two shares of face value Rs.5 to improve liquidity and accessibility. The split needs shareholder approval at the 44th AGM on September 28, 2026. The Board also appointed Mr. K.N. Mahesh Kumar, a qualified cost accountant with over 50 years of experience, as Independent Director for five years from September 28, 2026.
Likely market impact
Stock split makes shares more affordable for retail investors without changing company value. Effective post AGM approval on Sept 28, 2026.