Notice of Postal Ballot
Price
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Awaiting price reaction for this filing.
Meera Industries Limited has issued a Postal Ballot Notice seeking shareholder approval to sub-divide (split) its equity shares. The proposal is to split 1 equity share of face value Rs. 10 each into 2 equity shares of face value Rs. 5 each. This will increase the issued shares from 1,06,78,796 to 2,13,57,592, while the total paid-up capital stays the same at Rs. 10,67,87,960. A second resolution seeks to amend the Capital Clause of the Memorandum of Association to reflect the new face value. The Board cites improved liquidity and wider retail investor participation as the rationale. E-voting runs from January 10, 2026 to February 8, 2026, with the cut-off date set as January 2, 2026.
If approved, each existing share will be converted into two shares at half the face value, typically making the stock more affordable and improving liquidity. The stock price is expected to adjust downward roughly in line with the split ratio, with no real change in the company's overall valuation.