MEERA Industries Limited announced a significant business development with its Plastic Division securing a substantial order worth ₹4.34 crore for clear packaging films. The order, awarded by Kiran Syntex Ltd, reinforces the company's position as a trusted supplier of packaging film solutions across multiple end-use industries.

Order Details and Execution Timeline

The comprehensive order details reveal the scope and strategic importance of this business win:

The order specifically involves clear films used in packaging applications, manufactured by MEERA's Plastic Division which specializes in CPP Films and flexible packaging films. The execution timeline spans across two financial years, indicating a substantial and sustained engagement with the client.

Strategic Business Impact

MEERA Industries views this order as an encouraging indicator of multiple positive business developments. The company highlighted that this win demonstrates strengthening customer confidence in MEERA's packaging film capabilities and reflects sustained momentum in flexible packaging demand across industries. Additionally, the order provides improved visibility for the Plastic Division's order pipeline and capacity utilization.

The company emphasized that this order reflects continued demand for high-performance, reliable, and scalable packaging materials. The Plastic Division continues to serve diverse sectors through a focus on consistent quality, process discipline, and application-led innovation in flexible packaging.

Growth Positioning and Market Outlook

MEERA believes the Plastic Division is positioned for a positive growth trajectory, supported by several market trends. The company identified increasing adoption of modern, high-clarity packaging solutions across FMCG, food, and consumer categories as a key growth driver. There is also rising preference for efficient packaging films that enhance shelf appeal, protection, and supply-chain performance.

The company expressed its intent to pursue technology upgrades, product development, and value-added film offerings aligned with evolving market requirements. A company spokesperson stated that MEERA Industries Limited remains committed to building a future-ready Plastic Division that can scale with customer needs and deliver consistent value through quality, reliability, and innovation.

About the Plastic Division

MEERA Industries Limited's Plastic Division manufactures CPP Films and flexible packaging films, delivering innovative packaging solutions designed to meet performance requirements across varied industries. The Division focuses on product consistency, process excellence, and customer-centric development to support long-term partnerships. The company operates as an ISO 9001:2015 certified organization with an in-house R&D center, emphasizing its commitment to quality and innovation in the packaging films sector.

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.

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.

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.