Meenakshi (India) Limited (BSE: 544831, Symbol: MEEIND; Calcutta Stock Exchange: 23128) today announced that its Board of Directors has fixed Friday, October 30, 2026 as the record date for the sub-division of the Company’s equity sharesUnder the sub-division, each equity share of face value Rs10 will be split into two equity shares of face value Rs5 each, fully paid-up.
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MrAshutosh Goenka, Chairman & Managing Director, Meenakshi India Limited
Background: recent BSE listing
BSE approved the Company’s direct listing on the Main Board effective July 22, 2026, and trading began on July 28, 2026The stock opened at Rs281.99, and the Company remains listed on the Calcutta Stock ExchangeThe listing was a direct listing and not an IPO.
Rationale
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 baseThe Board believes that the sub-division is in the best interests of the Company and its shareholders.
What it means for shareholders
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More shares: Every shareholder on the record date will hold two shares for each share held beforeFor example, 100 shares of Rs10 face value become 200 shares of Rs5 face value. -
Lower face value: Face value per share moves from Rs10 to Rs5. -
Same ownership: Shareholders’ proportionate ownership in the Company is unchanged.
Key dates
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Further details on implementation will be communicated through the stock exchanges as required.
Management Comment
Commenting on the development, MrAshutosh Goenka, Chairman & Managing Director, Meenakshi India Limited, said, “Meenakshi India has built a strong base of investors who share our long-term visionThis stock split is a step towards making our shares more accessible to a wider set of investors, especially retail shareholdersWe believe it will improve liquidity in the stock and let more investors take part in the Company’s growth journey.”
About Meenakshi (India) Limited
Meenakshi (India) Limited (CIN: L74300TN1987PLC014678) is an apparel manufacturer and exporter headquartered in Chennai and listed on BSE and the Calcutta Stock ExchangeThe Company is committed to delivering value to its shareholders and to transparent communication with the investment community.
For more information, please visit the Company’s website at www.milgroup.in.
Investor Contact
Kanchan Rathi
Company Secretary & Compliance Officer
Meenakshi (India) Limited
New No29/16, Whites Road, Royapettah, Chennai – 600 014
Phone: +91-44-4263 6795 / +91-44-2858 2862
Email: [email protected]
This press release is for information purposes only and does not constitute an offer to buy or sell securitiesIt is based on the Company’s regulatory intimation dated September 30, 2026.
