Pursuant to the requirements of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") this is to inform you that Board of Directors ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of IB Infotech Enterprises, held on 31st March 2026, approved a sub-division (stock split) of equity shares in the ratio of 1:10 — each equity share of face value Rs. 10 will be split into 10 equity shares of face value Re. 1 each. Post-split, the paid-up equity share count will increase from 12,80,721 shares to 1,28,07,210 shares, while authorised capital will rise from 1 crore shares to 10 crore shares (at Re. 1 each). The rationale stated is to improve share liquidity and make it more affordable for small retail investors, thereby broadening the investor base. The move is subject to shareholder approval via postal ballot and is expected to be completed on or before 31st May 2026. The Board also approved amendments to the Capital Clause of the Memorandum of Association and adoption of a new set of Articles of Association to reflect these changes.
The stock split makes shares significantly more affordable for retail investors and should improve trading liquidity, though it does not change the underlying value of an investor's holding. Shareholders should expect a proportionate increase in the number of shares held and a corresponding reduction in the per-share price post the record date (yet to be announced).