Indian Toners & Developers Ltd Announces Share Sub-division: Equity Shares Split from Rs 10 to Rs 2
Indian Toners & Developers Ltd has completed the sub-division of its equity shares, aiming to enhance liquidity and encourage wider participation among small investors. The company's Board approved the action following a meeting held on June 13, 2026. This move involves splitting one Equity Share with a face value of Rs 10/- into five Equity Shares each, each having a face value of Rs 2/-.The sub-division required consequential amendments to the Memorandum of Association (MOA). The action was recommended by the Board of Directors in their meeting on May 11, 2026.
Share Capital Restructure Details
The changes impact both the authorized and paid up share capital structure of Indian Toners & Developers Ltd. The company's authorized and subscribed share capital details are as follows:| Type of Capital | Pre-Split Structure | Post-Split Structure |
|---|---|---|
| Authorized Share Capital No. | 2,08,00,000 | 10,40,00,000 |
| Authorized Face Value | Rs 10/- | Rs 2/- |
| Paid up Equity Shares No. | 1,03,91,732 | 5,19,58,660 |
| Paid up Share Capital Amount | Rs 10,39,17,320 | Rs 10,39,17,320 |
The total authorized share capital of the company is now reported at No. 80,00,00,000 (Rupees Eighty Crore Eighty Lakh), divided into 10,40,00,000 Equity Shares of face value Rs 2/- each.
Voting Results on Resolution
The resolution concerning the sub-division/split of equity shares was put to members via Postal Ballot and E-voting process. The Scrutinizer submitted a report detailing the results after receiving votes from the members.The voting outcomes, which determined that the resolution was passed with requisite majority, are summarized below:
| Voting Type | Status | Members Voted | Shares Involved | % of Votes Cast |
|---|---|---|---|---|
| Electronic Means | Favourably | 41 | 72,49,870 | 99.9896% |
| Electronic Means | Against | 2 | 754 | 0.0104% |
| Postal Ballot Form | Favourably | 0 | 0 | 0% |
| Postal Ballot Form | Against | 0 | 0 | 0% |
No invalid votes were recorded in either the Electronic Means or Postal Ballot forms. The successful passing of the Ordinary Resolution means that the company will proceed with the sub-division/split as planned.
Stock Price Movement
Indian Toners & Developers Ltd. settled at ₹282.40 in the post-market session, edging up 1.55% on Tuesday. The shares traded through a wide intraday range, registering lows of ₹279.95 and highs near ₹289.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.