ITD Files Newspaper Clippings for Stock Split Vote
Indian Toners & Developers submitted newspaper clippings to BSE regarding the postal ballot notice for a 1:5 stock split approved on May 11, 2026. The split reduces the face value from Rs. 10 to Rs. 2 to enhance liquidity. E-voting is open from May 14 to June 12, 2026, for shareholders as of May 8.
*this image is generated using AI for illustrative purposes only.
Indian Toners & Developers Limited has submitted clippings of newspaper advertisements to BSE Limited regarding the postal ballot notice for its proposed stock split. The clippings, dated May 14, 2026, were published in Financial Express and Jansatta to inform shareholders about the notice for sending the Postal Ballot Notice and Form. This filing was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
The company is seeking shareholder approval for the sub-division of its equity shares in the ratio of 1:5. The Board of Directors approved this proposal at its meeting held on May 11, 2026. The split involves sub-dividing 1 equity share with a face value of Rs. 10/- each into 5 equity shares with a face value of Rs. 2/- each. The corporate action aims to enhance liquidity and encourage wider participation from small investors.
| Parameter | Details |
|---|---|
| Split Ratio | 1 equity share into 5 equity shares |
| Pre-Split Face Value | Rs. 10/- per share |
| Post-Split Face Value | Rs. 2/- per share |
| Class of Shares | Equity Shares |
Consequent to the sub-division, the authorized share capital will be adjusted to 10,40,00,000 equity shares of Rs. 2/- each. The issued, paid-up, and subscribed capital will be adjusted to 5,19,58,660 equity shares of Rs. 2/- each. This change will also require a consequential amendment to the capital clause of the Memorandum of Association.
The remote e-voting period commenced at 9:00 A.M. (IST) on Thursday, May 14, 2026, and will conclude at 5:00 P.M. (IST) on Friday, June 12, 2026. Shareholders holding shares as of the cut-off date of May 8, 2026, are eligible to vote. The company has appointed M/s V. Hari & Co., Practicing Company Secretary, as the Scrutinizer for the process. Results will be announced within 48 hours of the voting conclusion.
Historical Stock Returns for Indian Toners & Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.33% | -0.10% | +5.63% | -3.70% | -4.48% | +30.11% |
How might the 5:1 share split impact Indian Toners & Developers' stock liquidity and retail investor participation in the months following the split's execution?
Given the company's net profit of ₹2,723.30 lakh for FY2026, could the enhanced retail accessibility from the share split attract increased institutional or foreign portfolio investor interest?
Will the broader participation of small investors following the share split translate into higher trading volumes, and how might this affect the stock's price discovery mechanism?
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