The company, listed on the BSE under code 544831 and symbol MEEIND, and on the Calcutta Stock Exchange under code 23128, announced the decision following its Board of Directors' approval of the record date for the proposed stock split.
The sub-division is aimed at improving the liquidity of the company's equity shares and making them more affordable, potentially encouraging greater participation from retail investors and expanding its shareholder base. The Board believes the move is in the best interests of the company and its shareholders.
Under the arrangement, shareholders holding shares on the record date will receive two shares for every share held before the sub-division. For instance, an investor holding 100 equity shares with a face value of Rs. 10 each will hold 200 equity shares with a face value of Rs. 5 each after the split. The number of shares will increase, while the face value per share will decrease from Rs. 10 to Rs. 5. Shareholders' proportionate ownership in the company will remain unchanged.
The announcement follows the company's recent listing on the BSE Main Board. The BSE approved Meenakshi (India) Limited's direct listing with effect from July 22, 2026, and trading commenced on July 28, 2026. The stock opened at Rs. 281.99. The company continues to be listed on the Calcutta Stock Exchange. The BSE listing was a direct listing and not an initial public offering (IPO).
The company disclosed the stock-split proposal on August 31, 2026. Shareholders approved the proposal at the Annual General Meeting held on Monday, September 28, 2026. The company subsequently informed the stock exchanges on Wednesday, September 30, 2026, before fixing Friday, October 30, 2026, as the record date.
Further details regarding the implementation of the sub-division will be communicated through the stock exchanges as required.
Commenting on the development, Ashutosh Goenka, Chairman and Managing Director of Meenakshi India Limited, 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.”
Meenakshi (India) Limited, incorporated under CIN L74300TN1987PLC014678, is an apparel manufacturer and exporter headquartered in Chennai. The company is listed on the BSE and the Calcutta Stock Exchange and is committed to delivering value to its shareholders and maintaining transparent communication with the investment community.
Further information is available on the company's website, www.milgroup.in.
Investor-related queries may be directed to Kanchan Rathi, Company Secretary and Compliance Officer, Meenakshi (India) Limited, at New No. 29/16, Whites Road, Royapettah, Chennai – 600 014. The contact numbers are +91-44-4263 6795 and +91-44-2858 2862, and the email address is investor.relations@milgroup.in.
The company clarified that the press release is for information purposes only and does not constitute an offer to buy or sell securities. The announcement is based on the company's regulatory intimation dated September 30, 2026.
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