Sub-division of equity shares from face value of Rs.10/- to Rs.5/- each; record date fixed as October 30, 2026

Meenakshi India Ltd has fixed Friday, October 30, 2026 as the record date to sub-divide its equity shares — each ₹10 face value share into two ₹5 shares, fully paid-up.

Sat 3 Oct 2026

Record Date

Friday, October 30, 2026

Sub-division Ratio

each ₹10 face value share into two ₹5 shares, fully paid-up

Face Value Change

from ₹10 to ₹5 each

Shareholder Approval

approved at the AGM on September 28, 2026

Exchange Intimation

intimated the stock exchanges on September 30, 2026

What the company has decided

Meenakshi (India) Limited has fixed the record date for sub-dividing its equity shares as Friday, October 30, 2026. Under the sub-division, each equity share of face value ₹10 will be split into two equity shares of face value ₹5 each, fully paid-up.

What this means for shareholders

• More shares: every shareholder on the record date will hold two shares for each share held before. For example, 100 shares of ₹10 face value become 200 shares of ₹5 face value.
• Lower face value: face value per share moves from ₹10 to ₹5.
• Same ownership: shareholders' proportionate ownership in the Company is unchanged.

How the decision was taken

The Board of Directors fixed the record date. Shareholders approved the proposal at the Annual General Meeting held on September 28, 2026, and the Company intimated the stock exchanges on September 30, 2026.

Why the company says it is doing this

The sub-division is intended to make the Company's equity shares more liquid and affordable, encouraging greater participation from retail investors and widening the Company's shareholder base. The Board believes the sub-division is in the best interests of the Company and its shareholders.

Management comment

Mr. Ashutosh Goenka, Chairman & Managing Director, said: "Meenakshi India has built a strong base of investors who share our long-term vision. This stock split is a step towards making our shares more accessible to a wider set of investors, especially retail shareholders. We believe it will improve liquidity in the stock and let more investors take part in the Company's growth journey."

Background

BSE approved the Company's direct listing on the Main Board effective July 22, 2026, and trading began on July 28, 2026. The stock opened at ₹281.99, and the Company remains listed on the Calcutta Stock Exchange. The listing was a direct listing and not an IPO.

Other details

The Company is an apparel manufacturer and exporter headquartered in Chennai, listed on BSE (Scrip Code 544831) and the Calcutta Stock Exchange (Scrip Code 23128). Further details on implementation will be communicated through the stock exchanges as required. The press release states it is for information purposes only and does not constitute an offer to buy or sell securities.

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