Macter International board recommends 5-for-1 share split

Macter International Limited has proposed a five-for-one subdivision of its ordinary shares, according to Mettis Global. Under the proposal, each ordinary share of Rs10 face value would be replaced by five ordinary shares of Rs2 each, subject to regulatory approvals. The board considered the move on September 22, 2026 and recommended it for shareholder approval.

The share count would rise from 45,811,018 to 229,055,090, with each new share carrying a face value of Rs2. Total paid-up capital would remain unchanged, and the Memorandum and Articles of Association would be updated to reflect the change.

The stated goals are more trading liquidity, easier access for investors and a share price better matched to broader participation in the market. Completion needs shareholder approval at the upcoming Annual General Meeting under Section 85(1)(c) of the Companies Act, 2017.