Integrated Proteins Board Approves Promoter Reclassification to Public

Integrated Proteins Limited's Board of Directors has approved requests from several promoter and promoter group shareholders to reclassify their status to 'Public' category. This decision aligns with SEBI LODR Regulations, specifically Regulation 31A, provided the outgoing promoters meet all stipulated conditions. These conditions include not controlling company affairs, lacking special rights, not having board representation (except for Vinod Prabhulal Mehta), not acting as key managerial persons, and not being willful defaulters or fugitive economic offenders. The reclassification is subject to shareholder and stock exchange approvals. The board unanimously passed the resolution, with only Vinod Prabhulal Mehta having some interest due to his continued role.