Le Merite Exports Limited (LEMERITE) — Board Meeting | 23 June 2026

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📢 Key Event
Board approved acquisition of 14.5% stake in LMTDSPL from promoter.

🔄 What Changed
Added 14.5% equity stake in subsidiary, total consideration capped at Rs. 1,45,000.

🔮 What's Next
Completion within 60 days.

The board approved acquiring an additional 14.5% stake in its subsidiary Le Merite Tactical & Defence Solutions Private Limited from promoter Nand Nandan Sureka for up to Rs. 1,45,000, completing the transaction within 60 days via cash consideration.

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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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