StockWatch
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Edible Oil
Split9 Jul 2026, 09:00 pm

Integrated Proteins Approves 1:10 Equity Share Split, Promoter Reclassification

AI Summary

Integrated Proteins Limited announced a significant board meeting outcome, approving a 1:10 sub-division (split) of its equity shares, subject to shareholder and regulatory approvals. The face value of each equity share will change from ₹10 to ₹1. Additionally, the board approved reclassification requests from the Promoter and Promoter Group to the 'Public' category, pending 'No Objection Certificates' from stock exchanges. The company also noted the resignations of Mr. Priyansh Tejas Parekh (Independent Director), Ms. Neepa Praful Kothari (Director), and Mr. Vinod Prabhulal Mehta (Executive Director), all citing professional and personal reasons.

Key Highlights

  • Board approves 1:10 equity share split, pending shareholder approval.
  • Promoter and Promoter Group seek reclassification to 'Public' category.
  • Three directors, including an Independent Director, have resigned.
  • Alteration of MOA's capital clause approved for share split.
  • Reclassification subject to stock exchange 'No Objection Certificates'.