Pursuant to the requirements of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that Board of Directors of the Company at ....
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The Board of Directors of IB Infotech Enterprises Ltd, at a meeting held on 31st March 2026, approved the sub-division of 1 equity share of face value Rs. 10 each into 10 equity shares of face value Re. 1 each. The move is aimed at improving share liquidity, making shares more affordable for small investors, and broadening the investor base. Post-split, the company's paid-up share count will rise from 12,80,721 to 1,28,07,210 equity shares, while authorised capital will increase from 1,00,00,000 shares to 10,00,00,000 shares. The proposal is subject to shareholder approval through a Postal Ballot, and the corporate action is expected to be completed on or before 31st May 2026. The Board also approved related amendments to the Capital Clause of the Memorandum of Association and adoption of a new set of Articles of Association.
The stock split will reduce the per-share price roughly 10-fold, making the stock more accessible to retail investors and potentially boosting trading liquidity. This is a cosmetic change with no impact on the company's overall market capitalisation or fundamentals.