Ammendment to MOA Capital clause
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Meera Industries Limited has announced the results of a Postal Ballot conducted via remote e-voting from January 10, 2026 to February 8, 2026, with a cut-off date of January 2, 2026. Two ordinary resolutions were put to vote: (1) Sub-Division/Split of Equity Shares, and (2) Alteration of the Capital Clause of the Memorandum of Association. Both resolutions were passed with overwhelming majority - 7,278,699 votes (99.39%) in favour versus 44,809 votes (0.61%) against, out of 7,323,508 votes polled (68.57% of total 10,678,796 shares). The Postal Ballot notice was dispatched to 4,499 members via email on January 9, 2026, with voting facilitated through NSDL's e-voting platform. The Scrutinizer, CS Mehul Amareliya, certified the voting process as fair and transparent.
Shareholders have approved the stock split, which is likely to improve liquidity and make shares more affordable for retail investors. The MOA capital clause amendment is a procedural requirement to reflect the post-split share structure. Investors should watch for the company's subsequent announcement regarding the split ratio and the record date.