IB Infotech Enterprises Limited has officially notified BSE Limited regarding its non-applicability for Large Corporate (LC) status for the financial year ended March 31, 2026. The formal disclosure was submitted on April 10, 2026, in compliance with multiple SEBI circulars governing the classification and regulatory requirements for Large Corporates in India's securities market.

Regulatory Framework and Compliance

The company's notification references three key SEBI circulars that establish the framework for Large Corporate identification and compliance requirements:

These regulations require entities classified as Large Corporates to comply with specific frameworks for fund raising through debt securities issuance and submit mandatory disclosures to stock exchanges.

Exemption from Disclosure Requirements

Based on its non-LC status confirmation, IB Infotech Enterprises Limited is exempt from several regulatory submission requirements. The company has clarified that it will not be required to submit specific documentation under the SEBI framework:

Corporate Communication Details

The formal notification was signed by Divya Trivedi, Company Secretary and Compliance Officer (Membership No.: A36075), and submitted to BSE's Department of Corporate Relationship. The communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai. The company has requested BSE to update its records accordingly and noted that this disclosure serves information, dissemination, and record-keeping purposes.

Company Information

IB Infotech Enterprises Limited operates from its registered office at 428, Kailash Plaza, Vallabh Baug Lane, Ghatkopar (E), Mumbai 400075. The company maintains communication through telephone number (022) 6670 9800 and email ID iielimited@yahoo.in . The company trades on BSE under scrip code 519463 and maintains its corporate identification number as L30006MH1987PLC045529.

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.