Meenakshi India approves share split to ₹5, reappoints Ashutosh Goenka
- Meenakshi India Limited approved splitting equity share face value from ₹10 to ₹5
- Ashutosh Goenka reappointed as director following retirement by rotation
- Kedarisetty Naga Mahesh Kumar appointed as Independent Director via special resolution
- Meeting held virtually on September 28, 2026, with remote e-voting options available
*this image is generated using AI for illustrative purposes only.
Meenakshi India Limited approved a sub-division of its equity shares from a face value of ₹10 to ₹5 per share during its 44th Annual General Meeting (AGM) held on September 28, 2026. The company also passed resolutions for the reappointment of director Ashutosh Goenka and the appointment of a new independent director.
The meeting was conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI guidelines. The session commenced at 12:00 pm and concluded at 12:55 pm, including time allotted for e-voting.
Key resolutions passed
Shareholders adopted the audited financial statements for FY26 along with reports from the Directors and Statutory Auditors. The following specific business items were transacted:
| Agenda Item | Type of Business | Resolution Type |
|---|---|---|
| Adoption of audited financial statements for FY26 | Ordinary Business | Ordinary Resolution |
| Reappointment of Ashutosh Goenka (DIN: 00181026) | Ordinary Business | Ordinary Resolution |
| Sub-division of face value from ₹10 to ₹5 | Special Business | Ordinary Resolution |
| Approval of director remuneration exceeding 11% of net profits | Special Business | Special Resolution |
| Appointment of Kedarisetty Naga Mahesh Kumar (DIN: 00176969) as Independent Director | Special Business | Special Resolution |
Voting and proceedings
The company provided remote e-voting facilities from September 25, 2026, at 9:00 am until September 27, 2026, at 5:00 pm. Members who did not vote remotely were permitted to cast their votes during the live meeting through the CDSL e-voting system.
Ms. Kanchan Rathi, Company Secretary and Compliance Officer, welcomed members and outlined the procedural guidelines. Mr. Ashutosh Goenka chaired the meeting, while Mr. Vineet Mundhara from Mundhara & Co served as the scrutinizer, confirming the requisite quorum was present.
No speakers registered prior to the meeting, and no queries were raised by members during the session. The Chairman concluded the meeting with a vote of thanks.
Historical Stock Returns for Meenakshi
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.66% | -4.10% | -4.69% | +30.37% | +30.37% | +30.37% |
How might the sub-division of equity shares from ₹10 to ₹5 impact Meenakshi India Limited's stock liquidity and retail investor participation in the coming quarters?
What strategic rationale lies behind approving director remuneration exceeding 11% of net profits, and how might this affect the company's future dividend payout capacity?
In what ways could the appointment of new independent director Kedarisetty Naga Mahesh Kumar influence the company's governance standards and long-term strategic direction?
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