Intimation of Notice of Postal Ballot under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
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IB Infotech Enterprises Ltd is seeking shareholder approval through postal ballot for four resolutions. First, appointment of Mr. Chinmay Shukla as an Independent Director for 5 years effective 28th October 2025 - he was previously appointed as Additional Director on the same date and the nomination committee has recommended his appointment. Second, sub-division of equity shares from Rs. 10/- face value to Re. 1/- each, effectively a 10-for-1 stock split to improve liquidity and make shares more affordable for smaller investors. Third, amendment to Capital Clause of Memorandum of Association to reflect the share subdivision. Fourth, replacement of Articles of Association to align with Companies Act 2013 provisions instead of the outdated Companies Act 1956 framework. The e-voting period runs from 7th April 2026 to 6th May 2026, with results to be announced by 8th May 2026.
Shareholders should vote on these proposals by the deadline. The proposed stock split will increase share count 10-fold while maintaining total value, potentially improving liquidity and accessibility for retail investors. The AOA update represents routine modernization of governance documents to comply with current company law.