Outcome of postal ballot
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Meera Industries Ltd conducted a postal ballot via remote e-voting (NSDL platform) from January 10, 2026 to February 8, 2026, with the results announced on February 9, 2026. Two ordinary resolutions were put to vote: (1) Sub-Division/Split of Equity Shares, and (2) consequent alteration of the Capital Clause of the Memorandum of Association. Out of 10,678,796 total outstanding shares, 7,323,508 shares (68.57%) were polled. Both resolutions passed with overwhelming support — 7,278,699 votes (99.39%) in favour and only 44,809 votes (0.61%) against. Promoters (holding 6,587,600 shares) voted 100% in favour, and among public non-institutional shareholders, 93.91% voted in favour (6.09% against).
Both resolutions have been approved, paving the way for a stock split (sub-division of equity shares) and related amendment to the company's MOA. This will increase the number of shares outstanding while reducing the price per share, making the stock more affordable and liquid for retail investors. The near-unanimous approval signals strong promoter and shareholder confidence.