Meenakshi India Ltd Sets October 30 Record Date For 1:2 Stock Split

Record Date: October 30, 2026 | Split Ratio: 1:2 (Rs 10 to Rs 5 face value)

Reader Takeaway: Stock split improves liquidity; physical holders must dematerialize shares now to avoid a suspense account process.

What just happened

Meenakshi India Ltd has officially announced the timeline for its previously approved stock split. Following the Annual General Meeting held on September 28, 2026, the company has set Friday, October 30, 2026, as the record date. On this date, existing equity shares with a face value of Rs 10 will be subdivided into two shares with a face value of Rs 5 each.

Why this matters

A stock split is a corporate action that increases the number of shares outstanding while reducing the price per share proportionally. This change is intended to improve market liquidity and make shares more accessible to retail investors by lowering the price per individual unit.

Shareholder Action Required

The company has issued specific instructions regarding physical shareholdings. In line with SEBI regulations, all new subdivided shares will be issued exclusively in dematerialized (demat) form. Shareholders holding physical certificates are advised to complete their dematerialization process before the record date to ensure the automatic credit of the split shares to their demat accounts.

If physical shares remain pending after the record date, the company will credit the subdivided shares into a Demat Suspense Account. Retrieving these shares later will involve additional administrative steps and verification processes.

What to track next

For queries regarding the conversion process, shareholders can reach out to the Registrar and Transfer Agent, Cameo Corporate Services Limited, located in Chennai. Investors should monitor their brokerage accounts post-record date to see the updated share balance reflecting the new 1:2 ratio.