Mumbai, October 7, 2026: Meenakshi (India) Limited has announced a sub-division of its equity shares, splitting each ₹10 share into two shares of ₹5 face value. The company has set October 30, 2026 as the record date for the stock split.
The move comes soon after Meenakshi (India) Limited’s direct listing on the BSE Main Board in July 2026, with trading commencing on July 28 at an opening price of ₹281.99 per share. The company remains listed on the Calcutta Stock Exchange as well.
Stock split aims to boost liquidity
According to the company, the stock split is intended to improve tradability and liquidity of its shares. The proportionate ownership of shareholders will remain unchanged following the split, with each existing ₹10 equity share being divided into two ₹5 shares.
Focus on retail investor accessibility
Meenakshi (India) Limited stated that lowering the face value of its shares could make the stock more accessible to retail investors and potentially broaden its shareholder base. The company views the split as a step towards enabling wider investor participation in its growth.
Chairman highlights growth outlook
Ashutosh Goenka, Chairman and Managing Director of Meenakshi (India) Limited, is available to discuss the rationale behind the stock split, the recent BSE listing, and the company’s outlook on investor participation and growth.
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