Le Merite Exports Limited (LEMERITE) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
Record date set for 1-for-5 equity share split
🔄 What Changed
1-for-5 split ratio, record date May 29, 2026, shareholder approval May 12, 2026
💡 Investor Takeaway
Shareholders will receive four additional shares for each holding, increasing share quantity while maintaining total value.

Le Merite Exports announced a 1-for-5 equity share split effective May 29, 2026, with a record date of May 29, 2026, following shareholder approval via postal ballot on May 12, 2026. The split reduces face value from Rs. 10 to Rs. 2 per share, resulting in five new shares for each existing share. Shareholders will receive four additional shares per holding, maintaining the same total value but increasing share quantity. This action enhances liquidity and makes shares more accessible to retail investors without altering market capitalization.

📄 View Original Announcement (PDF)

About Le Merite Exports Limited (LEMERITE)

Textiles · Textiles & Apparels · Listed on NSE

Market Cap: ₹1,176.7 Cr

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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