Meera Industries Limited's board of directors has approved a significant corporate action to enhance share liquidity and broaden retail investor participation. The board meeting held on January 2, 2026, concluded with key decisions regarding equity share restructuring and shareholder approval processes.

Share Split Details

The board approved the subdivision of existing equity shares in a 1:2 ratio, transforming each ₹10 face value share into two ₹5 face value shares. This corporate action is subject to shareholder approval through postal ballot.

Strategic Rationale

The company stated that the share split aims to enhance liquidity of equity shares by encouraging participation of retail investors. The subdivision will make shares more affordable to invest, potentially broadening the investor base and improving trading volumes.

Approval Process and Timeline

The board approved a postal ballot notice for obtaining shareholder consent for the share split and consequential amendments to the Memorandum of Association. Key details of the approval process include:

• Cut-off Date: January 2, 2026
• Eligible Voters: Shareholders holding shares as on cut-off date
• Communication Method: Email notifications to registered email addresses
• Scrutinizer: CS Mehul Amareliya, Practicing Company Secretary (COP:24321)

Corporate Governance Actions

The board also approved alteration of the Capital Clause in the company's Memorandum of Association to reflect the new share structure. The amendment will change the authorized capital description from 1,60,00,000 equity shares of ₹10 each to 3,20,00,000 equity shares of ₹5 each, while maintaining the total authorized capital at ₹16.00 crore.

Implementation Timeline

The company indicated that the share split will be completed within prescribed regulatory timelines. The record date for the subdivision will be decided after obtaining shareholder approval and will be communicated separately to stakeholders.

This corporate action represents Meera Industries' effort to make its shares more accessible to a broader range of investors while maintaining its capital structure integrity.

Meera Industries Limited , a leading textile machinery manufacturer, has released its investor presentation for the quarter and half-year ended September 30, 2025, highlighting its financial performance and strategic initiatives.

Financial Performance

The company's financial results for Q2 FY26 show a slight decline in revenue compared to the previous quarters:

Despite the quarter-on-quarter decrease, the company maintains a positive outlook, focusing on its diversification and expansion strategies.

Strategic Initiatives

Global Expansion

Meera Industries has established a global presence, exporting to 39 countries across six continents. The company has set up a subsidiary in the United States, located at 1938 West Green Drive, High Point, North Carolina, to strengthen its position in advanced markets.

Diversification into CPP Films

Meera Industries is diversifying into the flexible packaging sector with Cast Polypropylene (CPP) films. This strategic initiative aims to cater to the food, FMCG, and pharmaceutical packaging industries. Key highlights of this venture include:

• Estimated FY26 Revenue: ₹20-25 crore at full capacity
• Installed Capacity: 300 tonnes/month (target operational: 250 TPM)
• Potential Expansion: Scalable to 600 tonnes/month
• Realization Rate: ₹135 per kg
• Investment Requirement: ₹10 crore (Phase I); ₹35 crore (full capacity) – no dilution required
• Current Order Book: ₹20 crore

Company Overview

With a 19-year track record in textile machinery manufacturing, Meera Industries has established itself as a key player in the industry. The company boasts:

• 14+ advanced machinery lines
• A DSIR-recognized R&D unit
• Over 1,000 customers globally
• Patented TPRS technology (Twisting, Plying, and Reverse Twisting in One Step)
• More than 1 million spindles sold
• ISO 9001 certification and CE-compliant machinery

Market Outlook

The textile machinery market shows promising growth potential, with spinning machines holding a 44.4% share in 2024. The Asia-Pacific region dominates the market with a 55.56% share, while the Middle East & Africa are projected to record one of the fastest regional growth rates at 6.47% CAGR.

As Meera Industries continues to navigate the challenges of high CapEx and raw material volatility, its focus on innovation, global expansion, and diversification into CPP films positions the company for potential growth in the evolving textile and packaging industries.