Meera Industries Limited Issues Postal Ballot Notice for Equity Share Subdivision and Capital Clause Amendment

Meera Industries Limited has issued a postal ballot notice dated January 02, 2026, seeking shareholder approval for significant corporate restructuring initiatives. The company has proposed two key resolutions that require member consent through the remote e-voting process.

Proposed Share Subdivision Details

The primary proposal involves subdividing the company's equity shares to enhance liquidity and encourage broader retail investor participation. The Board of Directors approved this recommendation at their meeting held on January 02, 2026.

Parameter	Pre-Subdivision	Post-Subdivision
Face Value per Share	₹10.00	₹5.00
Authorized Shares	1,60,00,000	3,20,00,000
Issued & Paid-up Shares	1,06,78,796	2,13,57,592
Total Share Capital	₹16,00,00,000	₹16,00,00,000

Under the proposed subdivision, each existing equity share with face value of ₹10.00 will be split into two equity shares of ₹5.00 each. The total authorized share capital will remain unchanged at ₹16,00,00,000, while the number of authorized shares will double from 1,60,00,000 to 3,20,00,000.

Capital Clause Amendment

The second resolution seeks approval for altering Clause 5 of the company's Memorandum of Association to reflect the new share structure. The proposed amendment will substitute the existing capital clause with: "The Authorised Share Capital of the Company is ₹16,00,00,000 (Rupees Sixteen Crores Only) divided into 3,20,00,000 (Three Crore Twenty Lakh) Equity Shares of ₹5.00 (Rupees Five Only) each."

E-Voting Process and Timeline

The company has appointed CS Mehul Amareliya, proprietor of M/s. Amareliya & Associates, as the scrutinizer for conducting the postal ballot process. National Securities Depository Limited (NSDL) will provide the remote e-voting facility to enable electronic voting by shareholders.

Key Dates	Details
Cut-off Date	January 02, 2026
E-voting Commencement	January 10, 2026, 9:00 AM IST
E-voting Conclusion	February 08, 2026, 5:00 PM IST
Result Declaration	Within 2 working days from conclusion

Only shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of January 02, 2026, will be eligible to participate in the voting process. The voting rights will be proportionate to the paid-up equity shares held by each member.

Corporate Background and Rationale

Meera Industries Limited was incorporated in 2006 under the Companies Act, 1956, and subsequently converted to a public limited company in 2017. The company's equity shares were listed on BSE Limited in 2019. The Board cited the company's steady operational growth and improved market valuation as key factors supporting the share subdivision proposal.

The postal ballot notice will be distributed electronically to shareholders whose email addresses are registered with the company's Registrar and Share Transfer Agent, KFin Technologies Private Limited, and the depositories NSDL and CDSL. Both resolutions are proposed as ordinary resolutions and will be deemed passed if approved by the requisite majority on February 08, 2026.

Compliance and Documentation

The company has ensured full compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The postal ballot notice and related documents are available on the company's website at www.meeraind.com and will be communicated to BSE Limited following the conclusion of the voting process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.41%	+0.94%	-1.81%	-10.73%	-13.91%	-10.88%

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.

Parameter	Pre-Split	Post-Split
Face Value per Share	₹10.00	₹5.00
Number of Equity Shares	1,06,78,796	2,13,57,592
Paid-up Share Capital	₹10,67,87,960	₹10,67,87,960
Authorized Share Capital	₹16.00 crore	₹16.00 crore
Authorized Shares Count	1,60,00,000	3,20,00,000

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.