Postal Ballot voting result pursuant to regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with scrutinizer''s report.
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IB Infotech Enterprises Limited has announced the results of its postal ballot voting held between April 7 and May 6, 2026. All four resolutions were passed with overwhelming majority (99.99% in favour). The key resolutions include: (1) appointment of Mr. Chinmay Shukla as Independent Director for 5 years effective October 28, 2025; (2) sub-division of equity shares of the company; (3) alteration of the Capital Clause in the Memorandum of Association; and (4) alteration of the Articles of Association. Out of 1,280,721 total shares, 843,851 votes (65.89%) were polled. Promoters voted 100% in favour while public shareholders showed only 0.11% participation with 79.8% in favour and 20.2% against.
The share split will increase the number of shares outstanding while maintaining the same total value, potentially improving liquidity. The appointment of a new independent director strengthens board governance. Shareholders should monitor for further announcements on the share split ratio and implementation timeline.