Intimation for Credit Confirmation of shares received from Depositories with regard to Split/ Sub-division of equity shares of the company.
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Meera Industries has completed the sub-division (stock split) of its equity shares, where each Rs. 10 face value share has been split into 2 equity shares of Rs. 5 face value each. The new shares were credited to shareholder demat accounts via NSDL (5,131,906 shares credited under new ISIN INE343X01026) and CDSL (16,225,686 shares credited), with the execution date being March 7, 2026. The total paid-up share capital remains unchanged at Rs. 10,67,87,960, but the number of outstanding shares has doubled from 1,06,78,796 to 2,13,57,592. The authorized capital also stays at Rs. 16,00,00,000 with share count rising from 1.60 crore to 3.20 crore. This is a follow-up intimation to the company's earlier communication dated January 9, 2026 about the split.
The stock split makes shares more affordable and improves liquidity for retail investors, though it does not change the company's market capitalisation or fundamentals. Shareholders will see double the number of shares in their demat accounts at half the per-share price.