
Split23 Jun 2026, 03:48 pm
Indian Toners shareholders approve 1:5 stock split
AI Summary
Indian Toners & Developers Ltd announced the outcome of a postal ballot and e-voting process held on June 13, 2026. Shareholders approved an ordinary resolution to sub-divide the face value of equity shares from ₹10 to ₹2, effectively a 1:5 stock split. The resolution passed with an overwhelming majority, with 99.9896% of votes cast in favor. The voting period for the postal ballot and e-voting was from May 14, 2026, to June 12, 2026. The company appointed Mr. Varanasi Hari as the scrutinizer for the process.
Key Highlights
- Shareholders approved a 1:5 stock split of equity shares.
- Face value reduced from ₹10 to ₹2 per share.
- Resolution passed with 99.9896% votes in favor.
- Postal ballot and e-voting process concluded on June 12, 2026.
Price Impact
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