1:2 Stock Split: Textile machine manufacturer receives an order worth Rs 2,03,00,000 from Indospun LLP
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The stock is up by 35 per cent from its 52-week low of Rs 54 per share.
MEERA Industries Limited, a prominent manufacturer of twisting and heat-setting machinery, has secured a domestic order valued at Rs 2,03,00,000 from Indospun LLP for the supply of a high-performance Filament Twister (Heavy Duty) featuring a Tangential Belt Spindle Drive. Based in Silvassa, India, this specialised equipment is designed for industrial thread manufacturing, specifically for producing twisted polypropylene (PP) sewing threads used in critical packaging applications such as FIBC, cement, and fertiliser bags. Scheduled for completion in the first quarter of F.Y. 2026-27, the project highlights MEERA's engineering focus on high-speed spindle systems that ensure process stability and repeatable yarn quality. The company expects this domestic momentum to be further bolstered by expanding trade frameworks like the India-UAE CEPA and the India-Australia ECTA, which are driving higher throughput requirements across the industrial sewing thread value chain.
The Company has also announced a sub-division of its equity shares, splitting each existing share with a face value of Rs 10 into two equity shares with a face value of Rs 5 each, fully paid-up. To determine shareholder eligibility for this split, the Company has fixed Friday, March 06, 2026, as the Record Date. This corporate action aims to enhance liquidity and make the shares more accessible to a broader range of investors.
About the Company
Meera Industries Limited is a globally recognised Indian company specialising in the manufacturing of advanced twisting, cabling, and heat-setting machines for the synthetic yarn industry. The company is renowned for its innovative engineering, consistently setting industry benchmarks in energy efficiency, automation, and yarn quality enhancement. Meera Industries primarily focuses on the Carpet Yarn Segment, where it holds a dominant market share of over 90 per cent in India and is actively expanding its presence in key global textile markets.
Meera Industries has a market cap of Rs 75 crore and the stock is trading below Rs 75 per share. The stock is up by 35 per cent from its 52-week low of Rs 54 per share.
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Add NowDisclaimer: The article is for informational purposes only and not investment advice.