IB Infotech Enterprises Limited's board approved a 1:10 share sub-division proposal, converting equity shares from Rs. 10 face value to Re. 1 each. The move aims to improve share liquidity and make investment more accessible to small investors. The company expects to complete the corporate action by May 31, 2026, subject to shareholder approval through postal ballot and regulatory clearances.

IB Infotech Enterprises Board Approves 1:10 Share Sub

IB Infotech Enterprises Limited's board of directors has approved a significant corporate restructuring move aimed at enhancing share accessibility and market liquidity. In a board meeting held on March 31, 2026, the company announced its decision to sub-divide equity shares, making them more affordable for retail investors.

Share Sub-division Details

The board approved the sub-division of equity shares in a 1:10 ratio, transforming the share structure significantly. Under this proposal, each existing equity share with a face value of Rs. 10 will be sub-divided into 10 equity shares with a face value of Re. 1 each.

Parameter: Pre Sub-division Post Sub-division Authorised Shares: 1,00,00,000 shares 10,00,00,000 shares Face Value: Rs. 10 per share Re. 1 per share Paid-up Shares: 12,80,721 shares 1,28,07,210 shares

Strategic Rationale

The company outlined clear objectives behind this corporate action. The primary rationale focuses on improving the liquidity of the company's shares in the market. Additionally, the move aims to make shares more affordable for small investors and broaden the investor base, potentially attracting more retail participation.

Regulatory Compliance and Timeline

The share sub-division proposal requires shareholder approval through postal ballot, as mandated by regulatory requirements. The board meeting, which commenced at 3:00 PM and concluded at 4:30 PM, addressed all necessary compliance aspects under Regulation 30 of SEBI Listing Regulations.

The company expects to complete the corporate action on or before May 31, 2026, subject to receiving necessary approvals from shareholders and regulatory authorities.

Additional Corporate Governance Measures

Alongside the share sub-division, the board considered and recommended several governance-related amendments:

Amendment to Clause V of the Memorandum of Association to reflect changes in share capital structure

Adoption of new Articles of Association aligned with the Companies Act, 2013

Compliance with SEBI Master Circular requirements for listing obligations

The proposal affects only equity shares, as IB Infotech Enterprises Limited has issued only one class of equity shares. All existing shareholders will receive the sub-divided shares in proportion to their current holdings, with no shareholders excluded from this corporate action.

IB Infotech Enterprises Limited has announced that its Board of Directors will convene on March 31, 2026, to deliberate on a significant corporate action involving the sub-division of the company's equity shares. The meeting has been scheduled in accordance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary focus of the upcoming board meeting will be to consider and approve a proposal for the sub-division of existing equity shares. The details of the proposed corporate action are outlined below:

Parameter: Details Meeting Date: March 31, 2026 Current Share Face Value: Rs. 10 per share Proposed Action: Sub-division/split of equity shares Required Approvals: Shareholder approval and regulatory clearances

Regulatory Compliance and Trading Window Closure

In adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct for Prevention of Insider Trading, IB Infotech Enterprises has implemented immediate measures to ensure compliance. The trading window for dealing in the company's securities has been closed for all designated persons and their immediate relatives with immediate effect.

The trading window closure will remain in place until 48 hours after the declaration of the board meeting outcome. This measure is designed to prevent any potential insider trading activities during the period when material information regarding the share sub-division proposal is being considered.

Corporate Communication

The company has formally communicated this development to BSE Limited through its listing compliance department. The notification, signed by Director Rita Singh on March 24, 2026, ensures that all stakeholders are informed about the upcoming board meeting and its implications for trading activities.

Next Steps

The board meeting outcome will determine whether the share sub-division proposal moves forward to the shareholder approval stage. If approved by the board, the company will need to seek approval from its shareholders and obtain necessary regulatory clearances before implementing the proposed sub-division of equity shares.

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