Meenakshi (India) Limited has fixed Friday, October 30, 2026 as the record date for the sub-division of its equity shares. The corporate action aims to enhance tradability while maintaining market value stability.

The company’s members approved the sub-division during the Annual General Meeting held on September 28, 2026. This decision follows earlier disclosures made by the board on August 31, 2026 regarding the proposed split.

Split ratio and mechanics

Under the approved plan, every one existing equity share with a face value of ₹10 will be subdivided into two equity shares with a face value of ₹5 each. Shareholders holding shares as of the record date will receive the additional shares in their demat accounts.

Regulatory compliance

The intimation was filed in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both BSE Limited and The Calcutta Stock Exchange Limited about the record date to ascertain shareholder eligibility for the benefit.

Meenakshi India Limited has appointed Kedarisetty Naga Mahesh Kumar as a Non-Executive Independent Director for a term of five consecutive years, commencing September 28, 2026. The appointment was approved by shareholders during the company's 44th Annual General Meeting (AGM) held on the same date.

The appointment follows the recommendation of the Nomination and Remuneration Committee and the Board of Directors. Kumar is not liable to retire by rotation and will serve until September 27, 2031. The shareholders also approved his continuation in office beyond the age of 75 without further member approval, as permitted under Regulation 17(1A) of SEBI Listing Regulations.

Appointment details and profile

Kedarisetty Naga Mahesh Kumar (DIN: 00176969) brings over 50 years of professional experience in finance, taxation, legal, and corporate governance. He holds a B.Com degree from KBN College, Vijayawada, is a Qualified Cost Accountant from ICMAI, and possesses an MBA in Finance from Osmania University.

His career includes a tenure of more than 30 years with the RPG and RPSG groups, where he served as Chief Financial Officer of Spencer & Company Limited. He has handled diverse functions including direct and indirect tax matters, business reorganisations, and internal audit strengthening. Prior to this appointment, he served various group companies as an Independent Director and board advisor. He is not related to any other director of Meenakshi India Limited and satisfies all criteria for independence under the Companies Act, 2013, and SEBI Listing Regulations.

AGM voting results

The appointment was part of five resolutions passed unanimously at the AGM. According to the scrutinizer's report, all resolutions received 100% of the valid votes cast. A total of 60 members participated in the remote e-voting process, casting 8,483,699 valid votes representing the paid-up equity share capital as on the cut-off date of September 18, 2026.

Procedural compliance

The AGM was conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The remote e-voting facility was open from September 25, 2026, at 9:00 am until September 27, 2026, at 5:00 pm. No members cast votes during the live e-voting session at the meeting itself.

The scrutinizer, Jagdish Prasad Mundhara of Mundhara & Co, confirmed that the requisite quorum was present and the voting process complied with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014. Ms. Kanchan Rathi, Company Secretary and Compliance Officer, oversaw the procedural guidelines, while Ashutosh Goenka chaired the session.