Le Merite Exports Limited has completed the sub-division of its equity shares, converting each share with a face value of Rs. 10 into five equity shares of Rs. 2 each. The corporate action was executed on May 30, 2026, with the sub-divided shares credited to shareholders under a new ISIN.

The company informed the National Stock Exchange of India that the credit confirmation was received from National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The new ISIN for the shares with a face value of Rs. 2 is INE0G1L01025, replacing the previous ISIN INE0G1L01017.

Share Credit Details

The depositories provided specific data regarding the debiting of old shares and the crediting of new shares. The following table summarizes the execution details provided by NSDL and CDSL.

According to the communication from CDSL, the file for the split was successfully processed. The depository recorded a total of 2,299 records, involving the credit of 112,935,410 new securities and the debit of 22,587,082 old securities under the respective ISINs on the effective date.

Le Merite Exports reported a consolidated net profit of ₹1,156.25 lakh for the financial year ended March 31, 2026, an increase from ₹622.73 lakh in the previous year. Revenue from operations for the year stood at ₹35,747.09 lakh. The statutory auditors, Nagori Nuwal & Co., issued an unmodified opinion on the standalone and consolidated financial results, which were approved by the Board of Directors on May 28, 2026.

Financial Performance

The company’s total income for FY26 was ₹36,756.12 lakh, up from ₹52,573.29 lakh in the prior year. Total expenditure for the period was ₹35,262.46 lakh. For the quarter ended March 31, 2026, the company reported a profit after tax of ₹86.45 lakh on a total income of ₹7,841.23 lakh.

On a standalone basis, net profit for FY26 was ₹1,100.79 lakh, compared to ₹466.29 lakh in FY25. Revenue from operations for the standalone entity was ₹35,591.60 lakh for the year.

Key Metrics

Corporate Developments

The Board of Directors approved the audited financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. During the quarter, the company acquired the remaining 49% stake in Le Merite Laxmi Spinning Private Limited, making it a wholly owned subsidiary. The transaction was accounted for as an equity transaction in accordance with Ind AS 110.

The company also noted that subsequent to the balance sheet date, there was a decline in the market value of investments amounting to approximately ₹12.50 crore. As the decline pertains to market movements after the reporting date, no adjustment was made in the financial results.