Integrated Proteins Board Approves 1:10 Share Split
The Board of Directors of Integrated Proteins Ltd approved a 1:10 equity share split, changing the face value from ₹10 to ₹1, subject to shareholder and regulatory approvals. The board also approved the reclassification of certain promoters to the 'Public' category, pending a 'No Objection Certificate' from stock exchanges. Additionally, Mr. Priyansh Tejas Parekh (Independent Director), Ms. Neepa Praful Kothari (Director), and Mr. Vinod Prabhulal Mehta (Executive Director) resigned from their respective positions due to increased professional commitments and personal reasons.
Key Highlights
- Board approved 1:10 equity share split, changing face value from ₹10 to ₹1.
- Share split is subject to shareholder and regulatory approvals.
- Promoter reclassification to 'Public' category approved, pending stock exchange NOC.
- Three directors, including an Independent and an Executive Director, resigned.
- Record date for the share split will be intimated in due course.
Price Impact
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