Indian Toners fixes July 17 record date for share split
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.
*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.79% | -0.71% | +18.23% | +16.12% | +14.99% | +58.14% |
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?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
