Announced Mon, 31 Aug, 2026 · 13:22 IST

Board approves 1:2 stock split and appoints new Independent Director

Stock SplitCorporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹400.00

prior close

₹408.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+3.4% vs market

On the reaction day the stock moved 3.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

+0.4

15m

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30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+3.8+0.3+3.4

Next day

+2.8-0.7+3.4

+2.2-1.2+3.4

-0.5-0.7+0.2

+1.7+0.0+1.7

-3.2+0.4-3.7

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15d

-1.1-0.0-1.1

-5.3-0.8-4.5

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Meenakshi India Board approved a 1:2 stock split, turning each equity share of Rs 10 face value into two shares of Rs 5. Total shares will rise from 1.12 crore to 2.25 crore; paid-up capital stays at Rs 11.25 crore. The company says this will improve liquidity and broaden investor participation. The Board also appointed Mr. K. N. Mahesh Kumar as Independent Director for five years. Items await shareholder approval at AGM on September 28, 2026.

Likely market impact

Stock split doubles share count and halves face value to boost liquidity. A new Independent Director is also appointed for five years. Items await shareholder approval.