What does it mean by saying that "$g$ extends to a meromorphic function $f$"?
Does it means there another function $f$ which has a function $g$ as a term, (i.e., $\zeta(s)$ is present in that function) and that function is holomorphic - means it is complex differentiable, i.e., has derivative on complex plane - except some point(s)?
Is above understanding correct?
A "function", by definition, has three ingredients: a "domain of definition" $X$, a "domain of value" $Y$, and a rule that assigns to each $x\in X$ an element $y \in Y$.
When we say "$g$ extends to $f$", it basically means that $g$ is a priori defined only on a smaller set $X$ and $f$ is defined on a superset $X'$ containing $X$, such that the restriction of $f$ to $X$ coincides with $g$.
In your case, I guess $\Phi(s)$ is originally only defined for $\operatorname{Re}(s) > 1$, and then it extends to $\operatorname{Re}(s) > \frac{1}{2}$.