Meera Industries Limited is going to split its shares. The company has shared this information with the stock exchanges.
According to the filing, the shares will be split into two parts. The company has announced the record date for this stock split, which falls after Holi.
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Which Day is the Record Date?
In its filing with the stock exchange, Meera Industries Limited stated that a share with a face value of ₹10 will be split into two parts. After the stock split, the face value of the company’s shares will decrease from ₹10 to ₹5 per share.
The company has fixed March 6, 2026 as the record date for the stock split.
Meera Industries issued bonus shares in 2020. At that time, the company offered 7 bonus shares for every 5 shares held. According to BSE data, this was the first and last bonus issue by the company.
Company Paying Dividends Consistently
The company issued a dividend to investors for the first time in 2025. Last year, it paid a dividend of ₹0.50 per share. Before that, the company had issued bonus shares in 2024.
The share price of Meera Industries Limited closed at ₹72.24 on BSE on Friday, falling marginally by 0.04 percent.
In the last one month, the company’s shares have risen by 19.90 percent. Over the past one year, the stock has delivered a return of 11 percent to positional investors. During the same period, the BSE Sensex has gained 8.52 percent.
The 52-week high of Meera Industries Limited is ₹103.46, while the 52-week low is ₹54. The company’s market capitalization stands at ₹77.14 crore.
Over the past two years, the company’s shares have surged by 39 percent. In three years, the stock has gained 68 percent.
As per the December quarter shareholding pattern, promoters hold 61.69 percent stake in the company, while public shareholders own 38.31 percent.