Le Merite Exports Limited (LEMERITE) — Corporate Action

📢 Key Event
Board approved 1:5 stock split to subdivide ₹10 face value shares into ₹2 face value shares.

🔄 What Changed
Issued share capital quantity increases 5x to 12.51 crore shares; face value per share reduces to ₹2; authorized capital also increases proportionally to 17.50 crore shares.

🔮 What's Next
Record Date to be intimated in due course; postal ballot notice to be filed with stock exchanges; completion expected within 2 months from member approval.

💡 Investor Takeaway
Existing shareholders will hold 5 times more shares at one-fifth the price per share, improving affordability and liquidity without changing ownership percentage or total value.

Le Merite Exports Limited's Board approved a 1:5 stock split on April 8, 2026, subdividing each equity share of ₹10 face value into 5 shares of ₹2 face value each. This increases issued shares from 2.50 crore to 12.51 crore. The split aims to enhance liquidity and attract retail investors by reducing share affordability. Completion is expected within 2 months following member approval via postal ballot.

📄 View Original Announcement (PDF)

📊 Stock Analysis — LEMERITE ✨ Ask AI About This