IB Infotech Enterprises Limited has announced the resignation of Mr. Jasmin Parekh from his position as Director of the company. The resignation became effective from the close of business hours on March 11, 2026.

Resignation Details

The company submitted the resignation intimation to BSE Limited in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements, 2015. The formal communication was signed by Rita Singh, Director of IB Infotech Enterprises Limited.

Regulatory Compliance

The resignation disclosure was made pursuant to multiple regulatory requirements including Regulation 30 read with Para A, Part A of Schedule III of SEBI Listing Regulations, 2015. The company also referenced the SEBI Master Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its compliance framework.

Official Documentation

The resignation letter submitted by Mr. Parekh expressed gratitude to the Board members for their continuous support and cooperation during his tenure as Director. The company provided comprehensive annexure details as required under the regulatory framework, ensuring complete transparency in the directorial change process.

Company Information

IB Infotech Enterprises Limited operates from its registered office at 428, Kailash Plaza, Vallabh Baug Lane, Ghatkopar East, Mumbai 400 075. The company maintains its listing on BSE with scrip code 519463 and continues its business operations following the directorial change.

IB Infotech Enterprises Limited has announced a significant inter-se transfer of equity shares between immediate relatives of promoter and promoter group members. The transaction, disclosed under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, involves the transfer of 190,874 shares representing 14.90% of the company's total share capital.

Transaction Details

The share transfer will see Mr. Rajkumar Singh, the company's promoter, transferring shares to four immediate relatives who are part of the promoter group. The distribution and current shareholding structure are outlined below:

Mr. Rajkumar Singh's shareholding will reduce from 191,514 shares (14.95%) to 640 shares (0.05%) following the transaction.

Valuation and Pricing

An independent valuation conducted by IBBI Registered Valuer Bhavin R. Patel has determined the fair value of shares at INR 404.02 per equity share as of January 30, 2026. The valuation employed multiple methodologies:

The shares will be acquired at prevailing market price in accordance with Regulation 10(1)(a) of the SEBI SAST Regulations, with the acquisition price not exceeding 25% above the computed fair value.

Regulatory Compliance

The transaction is structured under Regulation 10(1)(a)(i) of the SEBI SAST Regulations, which provides exemption from making an open offer for inter-se transfers between immediate relatives of promoters. The company has confirmed compliance with all applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011.

Key regulatory aspects include:

• Transaction timing: Anytime after 4 working days from February 2, 2026
• Exemption basis: Inter-se transfer within immediate relative/promoter group
• Price determination: Based on independent valuation for infrequently traded shares
• Regulatory filings: Submitted to BSE Limited and SEBI

Company Background

IB Infotech Enterprises Limited is an information technology company incorporated on December 7, 1987, with CIN L30006MH1987PLC045529. The company's registered office is located at 428, Kailash Plaza, Vallabh Baug Lane, Ghatkopar East, Mumbai. The company provides information technology enabled services and is listed on the Bombay Stock Exchange with scrip code 519463.

The transaction represents a strategic reorganization within the promoter group while maintaining overall control and compliance with regulatory requirements. The independent valuation ensures fair pricing for the inter-se transfer, protecting minority shareholder interests.

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