StockWatch
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Specialty Chemicals
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.