Integrated Proteins approves 1:10 share split, promoter reclassification, director resignations

Integrated Proteins Ltd announced that its Board of Directors has approved a sub-division (split) of equity shares, changing the face value from ₹10 to ₹1, resulting in a 1:10 split. This is subject to shareholder and regulatory approvals. The company also approved reclassification requests from promoters to the 'Public' category, pending stock exchange NOC. Additionally, the board accepted 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. The altered capital clause of the Memorandum of Association will reflect the increased authorized share capital post-split.