Le Merite Exports initiated a postal ballot seeking shareholder approval for a 1:5 stock split, subdividing ₹10 shares into ₹2 shares.
The company appointed CS Sunnykumar Narwani as scrutinizer and engaged Bigshare Services for remote e-voting from April 13 to May 12, 2026.
Approval is also sought to alter the capital clause in the Memorandum of Association to reflect the new authorized capital structure post-split.
The board stated the split aims to enhance share liquidity and encourage retail investor participation without altering shareholder rights.