{"url":"https://newsforagent.com/news/2026-10-17/meenakshi-india-share-sub-division-record-date","markdown_url":"https://newsforagent.com/news/2026-10-17/meenakshi-india-share-sub-division-record-date.md","title":"Meenakshi India Sets Rs 10 to Rs 5 Share Split","headline":"Meenakshi India Board Fixes October 30 Record Date for Rs 10 to Rs 5 Share Sub-Division","description":"Meenakshi India will split each Rs 10 share into two Rs 5 shares, with a record date of October 30, 2026, to widen its retail shareholder base.","section":"Dividends & Buybacks","published_at":"2026-10-17T08:16:39+00:00","modified_at":"2026-10-17T08:16:39+00:00","author":"News Desk","key_takeaways":["Meenakshi (India) Limited set October 30, 2026 as the record date for splitting each Rs 10 equity share into two Rs 5 shares.","The Chennai apparel maker began trading on the BSE on July 28, 2026 through a direct listing, opening at Rs 281.99.","Chairman and Managing Director Ashutosh Goenka said the split aims to make shares more accessible to retail investors."],"companies":[{"name":"Meenakshi India","is_primary":true,"profile_url":null,"website":"http://milgroup.net"}],"source":{"publisher":"Indian Economic Observer","title":"Meenakshi (India) Limited Announces Sub-Division of Equity Shares to Enhance Tradability","url":"https://www.indianeconomicobserver.com/news/meenakshi-india-limited-announces-sub-division-of-equity-shares-to-enhance-tradability20261017130553/"},"other_sources":[],"tags":["Dividends & Buybacks","Meenakshi India"],"body_markdown":"Meenakshi (India) Limited will sub-divide each equity share of face value Rs. 10 into two equity shares of face value Rs. 5, with a record date of October 30, 2026, the Indian Economic Observer [reported](https://www.indianeconomicobserver.com/news/meenakshi-india-limited-announces-sub-division-of-equity-shares-to-enhance-tradability20261017130553/). The Chennai-based apparel manufacturer and exporter announced the board's decision on October 17, 2026.\n\n## Meenakshi India's Rs 10 to Rs 5 Sub-Division\n\nThe board fixed Friday, October 30, 2026 as the record date for the sub-division, under which each fully paid-up equity share of Rs. 10 face value becomes two fully paid-up shares of Rs. 5 each. The company said the move is intended to make its shares more liquid and affordable, encourage greater participation from retail investors and widen its shareholder base. The board believes the sub-division is in the best interests of the company and its shareholders.\n\nShareholders on the record date will hold two shares for each share held before, so 100 shares of Rs. 10 face value become 200 shares of Rs. 5 face value. Face value per share moves from Rs. 10 to Rs. 5, while shareholders' proportionate ownership in the company is unchanged. Further details on implementation will be communicated through the stock exchanges as required.\n\nAshutosh Goenka, Chairman and Managing Director of Meenakshi India Limited, said, \"Meenakshi India has built a strong base of investors who share our long-term vision. This stock split is a step towards making our shares more accessible to a wider set of investors, especially retail shareholders. We believe it will improve liquidity in the stock and let more investors take part in the Company's growth journey.\"\n\nMeenakshi (India) Limited is an apparel manufacturer and exporter headquartered in Chennai, listed on the BSE and the Calcutta Stock Exchange. BSE approved its direct listing on the Main Board effective July 22, 2026, and trading began on July 28, 2026, with the stock opening at Rs. 281.99. The listing was a direct listing and not an IPO.\n\n## Earlier Meenakshi India Share and Capacity Moves\n\nMeenakshi India approved a share split of one share into two shares in September 2026, with the board approving the split for implementation at the company's discretion, AInvest reported. In August 2026, the company said it plans to more than double its manufacturing capacity to 38 lakh pieces by FY30 through phased investments of ₹40-50 crore, B2B Marketplace reported. BusinessLine reported in May 2026 that the Chennai-based apparel exporter, which supplies brands including Nordstrom, GANT and Lyle & Scott, was preparing for a direct listing on the BSE in June without raising fresh capital or diluting promoter stake.\n\n## What Follows the October 30 Record Date\n\nThe company said further details on implementation will be communicated through the stock exchanges as required. The company's own [announcement](http://milgroup.net) covers the sub-division.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}