Indian Toners & Developers Ltd. Approves Share Split and Board Managements
Indian Toners & Developers Ltd. held its Board of Directors meeting on May 11, 2026, approving crucial corporate governance changes, the audited financial statements, and a plan to split its existing equity shares.The board meeting also finalized the structure for the company's 36th Annual General Meeting, scheduled for July 13, 2026.
Financial Approvals and Governance Changes
During the meeting, the company approved the Audited Financial Results for the quarter and the year ended March 31, 2026. Furthermore, the board approved the Audited Annual Financial Statements for the fiscal year 2025-2026.In governance matters, several key appointments and remuneration increases were ratified:
- Remuneration Increases: The board approved increased remuneration for Chairman Sushil Jain, Managing Director Akshat Jain, and Whole-time Director Satyendra Paroothi, effective April 1, 2026.
- Reappointments: Sushil Jain was re-appointed as Chairman for a further period of three years, effective August 16, 2026. Satyendra Paroothi was re-appointed as Whole-time Director for two years, effective May 27, 2026. Sanjay Gupta was also re-appointed as Non-executive Independent Director for a second consecutive term of five years, effective June 22, 2026.
- Audit Appointment: K.N. Gutgutia & Co., Chartered Accountants, were approved as the Internal Auditor of the Company for the year 2026-27.
Details of Proposed Share Split
The board also approved the plan for the sub-division of existing shares. The company decided to split every one existing equity share, which had a face value of ₹10 (Rupees Ten only), into five equity shares, each carrying a face value of ₹2 (Rupees Two only).The rationale provided for the share split was to enhance the liquidity of the Company's shares in the market, widen the shareholders' base, and make the shares more affordable to small investors.
The financial implications of the proposed split are detailed below:
| Metric | Before Split | After Split |
|---|---|---|
| Authorized Share Capital | 2,08,00,000 | 10,40,00,000 |
| Issued, Paid-up & Subscribed Capital | 1,03,91,732 | 10,39,17,32 |
| Face Value per Share | ₹10 | ₹2 |
The company expects the split process to be completed approximately within two months from the date of approval by the members and the completion of necessary statutory requirements.
Stock Price Movement
As of 14:59, Indian Toners & Developers Ltd shares are dipping, currently trading at ₹267.50, marking a 0.30% decline. The stock has seen a broad move today, having ranged from a low of ₹260.30 up to an intraday high of ₹272.50.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.
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