Indian Toners & Developers Limited 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 Rs 10 into five equity shares of Rs 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:

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 Rs 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.

Indian Toners & Developers Ltd reported a 21.34% rise in profit after tax to Rs 27.23 crore for the financial year ended March 31, 2026, compared to Rs 22.44 crore in the previous year. Revenue from operations increased by 8.38% to Rs 165.81 crore from Rs 152.99 crore in FY25, supported by domestic sales growth while exports faced geopolitical headwinds.

The Board of Directors has recommended an interim dividend of Rs 6.00 per equity share, which will be treated as the final dividend for the year. The company’s total income for the year stood at Rs 171.49 crore, up from Rs 159.09 crore in the previous year. The profit before tax rose by 3.57% to Rs 34.70 crore.

Financial Performance

The company achieved a turnover of Rs 165.81 crore, with 16% of revenue derived from exports and the remainder from domestic sales. Domestic sales grew by 10.26% in value, whereas export sales decreased by 0.47% due to adverse geopolitical conditions and sluggish demand in international markets. The operating gross profit was higher by Rs 99 lakh compared to the previous year.

Operational Highlights

During the year, the company expanded its solar capacity, commissioning an additional 320 KWP in FY26, bringing the total installed capacity to approximately 1.5 MWP. The production capacity was increased to 5400 MT in the previous financial year. The company also incurred Rs 65.94 lakh on research and development under revenue heads and Rs 7.25 lakh on capital investments.

Corporate Governance

The Board has appointed M/s B.K. Shroff & Co., Chartered Accountants, as Statutory Auditors. The company has also appointed M/s Mukesh Agarwal & Co., Company Secretaries, as Secretarial Auditors. The Board met four times during the financial year. The company remains debt-free, with a net debt to equity ratio of nil.

The Annual General Meeting is scheduled for July 13, 2026, to transact business including the adoption of financial statements and the re-appointment of directors.