Indian Toners & Developers Ltd assigns new ISIN for share split

1 min read     Updated on 13 Jul 2026, 04:42 PM
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Indian Toners & Developers Ltd has assigned a new ISIN for its equity shares following a sub-division. The split converts each existing Rs 10 share into five Rs 2 shares, effective July 17, 2026. Confirmation was received from NSDL and CDSL.

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Indian Toners & Developers Ltd has assigned a new International Securities Identification Number (ISIN) for its equity shares following the sub-division of its share capital. The split converts each existing fully paid-up equity share with a face value of Rs 10 into five fully paid-up equity shares of Rs 2 each. The new ISIN, INE826B01026, will be effective from the record date of July 17, 2026.

The company received confirmation regarding the new ISIN from both depositories, National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Central Depository Services (India) Limited activated the ISIN in its system on July 9, 2026. The sub-division of shares will take effect under this new ISIN starting July 17, 2026.

Details of the Sub-Division

The corporate action modifies the face value of the company's equity shares to increase liquidity. The following table outlines the specific details of the new ISIN and the share structure:

ISIN Particulars
INE826B01026 FULLY PAID-UP EQUITY SHARES WITH
FACE VALUE Rs. 2/- AFTER SUB-DIVISION

Vishesh Chaturvedi, Company Secretary & Compliance Officer, confirmed the development in a filing to BSE Limited. The record date of July 17, 2026, determines the eligibility of shareholders for the sub-divided shares.

Historical Stock Returns for Indian Toners & Developers

1 Day5 Days1 Month6 Months1 Year5 Years
-8.73%-8.91%-8.65%-8.65%-8.65%-8.65%

How will the increased liquidity from the share split impact the trading volume and volatility of Indian Toners & Developers Ltd?

What strategic initiatives might the company pursue following the share sub-division to enhance shareholder value?

How are institutional investors likely to react to the reduced face value and new ISIN structure?

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Indian Toners fixes July 17 record date for share split

2 min read     Updated on 23 Jun 2026, 04:17 PM
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Indian Toners & Developers has fixed July 17, 2026, as the record date for splitting each equity share of ₹10 into five shares of ₹2. The resolution was passed via postal ballot with 99.99% approval, receiving 7,249,870 votes in favour and 754 against. The company has advised physical shareholders to dematerialize their holdings before the record date to facilitate the credit of new shares.

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Indian Toners & Developers has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for the sub-division of equity shares. The Board approved this date following shareholder authorization via postal ballot on June 12, 2026. This corporate action will increase the number of shares held by investors while reducing the face value, potentially enhancing liquidity in the stock.

The approved scheme involves splitting each existing equity share with a face value of ₹10 into five equity shares of ₹2 each fully paid-up. The resolution received overwhelming support during the voting process, which was conducted via remote e-voting from May 14, 2026, to June 12, 2026.

Voting Results

The detailed voting outcomes disclosed to BSE Limited under Regulation 44 of the SEBI (LODR) Regulations, 2015, are summarised below:

Category Shares Held Votes Polled Votes In Favour Votes Against % In Favour
Promoter and Promoter Group 7,196,638 7,196,638 7,196,638 0 100.00
Public - Non-Institutions 3,195,094 53,986 53,232 754 98.60
Total 10,391,732 7,250,624 7,249,870 754 99.99

Scrutinizer's Report

Varanasi Hari, Proprietor of V. Hari & Co., was appointed as the scrutinizer to oversee the postal ballot and e-voting process. The report confirmed that the resolution was passed with the requisite majority. The scrutinizer unblocked the electronic votes in the presence of two witnesses not employed by the company to ensure transparency.

The company had dispatched the postal ballot notice on May 13, 2026, to members whose names appeared on the register of members as on the cut-off date of May 8, 2026. The notice was also made available on the company's website and the stock exchange's platform to facilitate shareholder participation.

Intimation to Physical Shareholders

Pursuant to Regulation 39(2A) of the SEBI (LODR) Regulations, 2015, the company has informed shareholders holding equity shares in physical form that the sub-divided shares of face value ₹2 will be issued, credited, and maintained only in dematerialized form. These shares will be held in a separate Demat Suspense Account in compliance with prevailing laws.

The company has requested physical shareholders to convert their holdings into dematerialized form before the record date of July 17, 2026, to enable direct credit of the split shares into their respective demat accounts. Corresponding physical share certificates will stand cancelled and rendered void upon issuance of the demat shares. Shareholders may contact the company's Registrar and Transfer Agent, Alankit Assignments Limited, for assistance with the conversion process.

Historical Stock Returns for Indian Toners & Developers

1 Day5 Days1 Month6 Months1 Year5 Years
-8.73%-8.91%-8.65%-8.65%-8.65%-8.65%

How will the increased number of outstanding shares impact the stock's liquidity and trading volume post-split?

What is the expected timeline for the new shares to be credited to demat accounts after the record date?

Could the reduced face value make the stock more attractive to retail investors, potentially driving up demand?

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1 Year Returns:-8.65%