IB Infotech Enterprises Limited has issued an official postal ballot notice seeking shareholder approval for its previously announced 1:10 share sub-division and other corporate governance measures. The company filed the notice with BSE Limited under scrip code 519463 on April 6, 2026.

Postal Ballot Resolutions

The postal ballot notice dated March 31, 2026, presents four key resolutions for member consideration through remote e-voting:

E-Voting Timeline and Process

The remote e-voting period will commence at 09:00 hrs (IST) on Tuesday, April 7, 2026, and conclude at 17:00 hrs (IST) on Wednesday, May 6, 2026. Central Depository Services (India) Limited (CDSL) will manage the electronic voting platform, with the module being disabled after the specified timeline.

The cut-off date for determining eligible voters has been set as Friday, April 3, 2026. Only members whose names appear in the Register of Members or List of Beneficial Owners as of this date will be entitled to vote.

Share Sub-division Details

The board has recommended sub-dividing each existing equity share with a face value of Rs. 10 into 10 equity shares with a face value of Re. 1 each. This corporate action aims to improve share liquidity and make shares more affordable for retail investors.

Director Appointment

The company seeks approval for appointing Mr. Chinmay Shukla (DIN: 05124432) as an Independent Director for five consecutive years effective from October 28, 2025. Mr. Shukla, who holds an M.Com degree from the University of Mumbai, brings over 15 years of experience in financial accounts and tax planning.

Governance Amendments

The postal ballot also includes proposals to align the company's governance framework with the Companies Act, 2013. This involves updating the Memorandum of Association's capital clause to reflect the new share structure and adopting revised Articles of Association compliant with current regulatory requirements.

Results Declaration

Mr. Harshvardhan Nikhil Tarkas (Membership No. ACS 30701, CP No. 24169), a practicing Company Secretary, has been appointed as the Scrutinizer for the postal ballot process. Results, along with the Scrutinizer's Report, will be announced within two working days of the voting conclusion and made available on the company's website www.ibinfotech.net.in and BSE's platform.

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:

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.