Integrated Proteins Limited has approved a 1:10 sub-division of its equity shares, reducing the face value from ₹10 to Re 1 to enhance liquidity and affordability for retail investors. The Board of Directors approved the split at its meeting held on July 9, 2026, subject to shareholder and regulatory approvals. The record date for the sub-division will be intimated subsequently. The authorized share capital will be adjusted to ₹25,00,00,000 divided into 25,00,00,000 equity shares of Re 1 each.

Share Capital Structure

The following table outlines the share capital structure before and after the sub-division:

Promoter Reclassification

The board also approved the reclassification of certain promoter and promoter group shareholders to the 'Public' category, including Vinod Prabhulal Mehta, Amrish Vinod Mehta, and Jyoti Vinodchandra Mehta, subject to a No Objection Certificate from BSE Limited. Additionally, the board accepted the resignations of Mr. Priyansh Tejas Parekh (Independent Director), Ms. Neepa Praful Kothari (Director), and Mr. Vinod Prabhulal Mehta (Executive Director), effective July 9, 2026, citing professional commitments.

Board Reconstitution

To fill the vacancies, the board appointed Mr. Nitish Pratapray Mehta as an Additional Non-Executive Director categorized as an Executive Director, and Mr. Hiren Dhirajlal Shah as an Additional Executive Director. Mr. Sandeep Mahadik was appointed as an Additional Non-Executive Independent Director for a term of five years from July 9, 2026, to June 8, 2031, subject to shareholder approval. The board also reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee with effect from July 9, 2026. The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and confirmed by Shivangi Paliwal, Company Secretary and Compliance Officer.

Integrated Proteins Ltd board has approved the reclassification of ten shareholders from the 'Promoter & Promoter Group' category to the 'Public' category. The decision, taken on July 9, 2026, covers a total of 4,17,620 equity shares, representing 2.23% of the company's total paid-up share capital. The reclassification aims to align the status of these shareholders with their current lack of involvement in the company's affairs or decision-making processes.

The approval follows requests received from the shareholders on July 7, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The applicants provided undertakings confirming they do not hold more than 10% of the total voting rights, do not exercise control over the company's affairs, and have no special rights through formal or informal arrangements. They also affirmed they are not wilful defaulters or fugitive economic offenders.

Board Approval and Conditions

The Board of Directors unanimously passed the resolution to accept the requests, subject to necessary approvals from shareholders and BSE Ltd. The board noted that outgoing promoters, except Vinod Prabhulal Mehta, have no representation on the Board of Directors and are not involved in day-to-day affairs. The reclassification is contingent upon the applicants complying with conditions specified in Regulation 31A(3)(b) for a period of not less than three years from the date of reclassification.

Shareholding Details

The following table details the shareholding of the applicants seeking reclassification:

The company confirmed that it is compliant with the minimum public shareholding requirements under Regulation 22 of SEBI LODR Regulations and has no outstanding dues to SEBI, stock exchanges, or depositories. The reclassification will be effected in the shareholding pattern filed for the immediate succeeding quarter upon receiving all necessary approvals.