Integrated Proteins has consolidated its leadership structure by approving the re-designation of Hiren Dhirajlal Shah as Chairman and Managing Director (CMD). The Board of Directors sanctioned the change during a meeting held on July 24, 2026, at the company’s registered office in Jamnagar, Gujarat. This strategic shift elevates Shah from his previous role as Additional Executive Director, signaling a focused approach to corporate governance and executive oversight for the listed protein products manufacturer. The appointment is subject to ratification by shareholders at an Extra-Ordinary General Meeting (EGM).

The Board scheduled the EGM for August 20, 2026, to be conducted via Video Conferencing or Other Audio Visual Means (OAVM). Shareholders holding shares as of the cut-off date of August 13, 2026, will be eligible to vote. The e-voting window opens on August 17, 2026, at 9:00 AM and closes on August 19, 2026, at 5:00 PM. Mrs. Ankita Tejas Shah, a Practicing Company Secretary (Membership No: A43289), has been appointed as the scrutinizer for the e-voting process.

Shah’s tenure as CMD will span five years, commencing on July 24, 2026, and concluding on July 23, 2031. The Board’s decision aligns with Sections 196, 197, and 203 of the Companies Act, 2013, read with Schedule V, and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The filing confirms that Shah is not debarred from holding directorial office by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The company filed the details with BSE Limited, where it is listed under Scrip Code 519606.

Key Details of the Appointment

Leadership Profile

Hiren Dhirajlal Shah brings a multidisciplinary background to the top leadership role. He holds a Bachelor of Computer Applications (BCA) and a Bachelor of Laws (LL.B.) degree from Saurashtra University. His professional expertise spans finance, accounting, business administration, and corporate management. Over the years, Shah has been actively involved in financial planning, regulatory compliance, and strategic decision-making, providing Integrated Proteins with experienced oversight in both operational and legal domains. The Board noted no relationship disclosures between directors regarding this appointment.

Integrated Proteins Ltd has applied to BSE Ltd for a no-objection certificate to reclassify ten shareholders from the 'Promoter & Promoter Group' category to the 'Public' category. The application, submitted on July 14, 2026, follows requests received from the shareholders on July 7, 2026, under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reclassification covers a total of 4,17,620 equity shares, representing 2.23% of the company's total paid-up share capital, and aims to align the status of these shareholders with their current lack of involvement in the company's affairs.

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. The Board of Directors noted that outgoing promoters, except Vinod Prabhulal Mehta, have no representation on the Board 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.