Intimation of Record date for Split Issue
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Meera Industries Ltd has fixed Friday, March 6, 2026 as the record date for its proposed sub-division (stock split) of equity shares. Under this split, every 1 equity share with a face value of ₹10 will be divided into 2 equity shares with a face value of ₹5 each, fully paid-up. The split was approved by shareholders through a postal ballot on February 9, 2026. This is a follow-up to the Board's earlier approval communicated on January 2, 2026.
The split will double the number of shares held by each shareholder while halving the face value per share, making the stock more affordable and potentially improving liquidity. The total value of holdings remains unchanged, so this is a neutral event for long-term investors but may attract more retail participation.