{
  "id": 11609246,
  "title": "Meenakshi India Announces 1:2 Stock Split, Record Date Set For October 30, 2026",
  "url": "https://urgent.news/2026/10/03/meenakshi-india-announces-1-2-stock-split-record-date-set-for-october",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T05:16:42.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/meenakshi-india-announces-12-stock-split-record-date-set-for-october-30-2026"
  },
  "original_language": "en",
  "account": "Mumbai: Meenakshi India Limited revealed on October 3, 2026, that it will split its shares into two for each existing share with a face value of ₹10, effectively reducing the face value to ₹5. The company set Friday, October 30, 2026, as the record date for this stock split. Share Split Details Each shareholder will receive two new shares for every share they hold before the record date. Share Price Effects The MCX share price for Meenakshi India surged to ₹2,220 following its first-ever 1:5 stock split, suggesting investors perceived a technical correction rather than an actual loss. Company's Rationale Meenakshi India explained that the sub-division aims to enhance the liquidity and affordability of its equity shares. The company anticipates this move will attract more retail investors and broaden its shareholder base. Management Insights Ashutosh Goenka, chairman and managing director of Meenakshi India Limited, stated that the stock split makes shares more accessible to a broader range of investors. The company believes this will improve liquidity and enable more investors to partake in its growth trajectory. Key Dates The proposal for the sub-division was disclosed on August 31, 2026, and approved by shareholders at the Annual General Meeting on Monday, September 28, 2026. The company informed stock exchanges on Wednesday, September 30, 2026. Recent Listing Meenakshi India was listed on the BSE Main Board on July 22, 2026, with trading beginning on July 28, 2026. The stock debuted at ₹281.99 on its listing day and continues to trade on the Calcutta Stock Exchange. Disclaimer: This report is based on company exchange filings and serves as an informational resource. Investors are advised to assess the risks before making investment decisions.",
  "summary": "Mumbai: Meenakshi India Limited announced on October 3, 2026, that its equity shares will undergo a sub-division, changing the face value from ₹10 to ₹5 per share. The company has set Friday, October 30, 2026, as the record date for this split. Share Split Details The sub-division will result in each existing equity share of ₹10 face value being split into two equity shares of ₹5 each, fully…",
  "key_points": [
    "Meenakshi India announces 1:2 stock split, reducing face value to ₹5",
    "Record date set for October 30, 2026, for eligible shareholders",
    "Share price surges to ₹2,220 after first-ever 1:5 split"
  ],
  "editors_take": "Meenakshi India's stock split aims to enhance liquidity and affordability, making shares more accessible to retail investors and potentially broadening its shareholder base, in line with management's growth strategy.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}