Integrated Proteins Ltd Announces Share Split and Key Directorship Changes

Integrated Proteins Ltd Announces Share Split and Key Directorship Changes​

Integrated Proteins Ltd (IPL) announced significant corporate updates following a Board meeting held on July 9, 2026. The company approved the sub-division of its equity shares, finalized several director resignations, and appointed multiple new directors and committee members as part of the restructuring process.

Share Capital Sub-division and Alteration​

The Board approved the sub-division (split) of existing Equity Shares, altering the capital structure of the company. The split involves converting one existing Equity Share with a face value of Rs 10 into ten Equity Shares, each with a face value of Re 1/-.

This move is intended to make the shares more affordable and attractive for retail investors while enhancing the liquidity of the company’s stock in the market.

The authorized capital structure before and after the sub-division is detailed below:


The Board further approved the alteration of the Capital Clause of the Memorandum of Association to effect this sub-division. The process is expected to be completed within two months of receiving all necessary shareholder and statutory approvals.

Personnel Changes and Appointments​

Resignations:
On July 9, 2026, the Board accepted multiple resignations citing increased professional commitments and personal reasons:

• Mr. Priyansh Tejas Parekh resigned from his position as Independent Director.
• Ms. Neepa Praful Kothari tendered her resignation from the company’s Board of Directors.
• Mr. Vinod Prabhulal Mehta stepped down as Executive Director.

Director Appointments:
The management approved several appointments to bolster its leadership team:

• Mr. Nitish Pratapray Mehta (DIN: 09555034) was appointed as an Additional Executive Director. Mr. Mehta has experience in finance, accounting, strategic planning, and corporate governance.
• Mr. Hiren Dhirajlal Shah (DIN: 09842161) was appointed as an Additional Executive Director. He holds degrees in BCA and LL.B. and possesses expertise in financial planning and regulatory compliance.
• Mr. Sandeep Mahadik (DIN: 11814050) was unanimously approved by the Nomination and Remuneration Committee and appointed as a Non-Executive Independent Director, effective from July 9, 2026.

Promoter Reclassification:
The Board also approved the reclassification requests submitted by certain Promoter and Promoter Group members seeking to move from the 'Promoter and Promoter Group' category to the 'Public' category, subject to obtaining the No Objection Certificate from the Stock Exchanges where the company is listed. A list of promoters involved in this process was attached for reference.

Committee Re-constitution​

Effective July 9, 2026, the Board approved and reconstituted the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee to ensure proper governance oversight.

The new composition of the committees includes:

Audit Committee:

• Kishan Kanjaria (Chairperson, Non-Executive - Independent Director)
• Jyoti Jashvantray Kataria (Member, Non-Executive - Independent Director)
• Hiren Dhirajlal Shah (Member, Additional Executive Director)

Nomination and Remuneration Committee:

• Jyoti Jashvantray Kataria (Chairperson, Non-Executive - Independent Director)
• Kishan Kanjaria (Member, Non-Executive - Independent Director)
• Sandeep Mahadik (Member, Additional Non-Executive - Independent Director)

Stakeholders Relationship Committee:

• Jyoti Jashvantray Kataria (Chairperson, Non-Executive - Independent Director)
• Kishan Kanjaria (Member, Non-Executive - Independent Director)
• Sandeep Mahadik (Member, Additional Non-Executive - Independent Director)

Stock Price Movement​

As of 11:12, shares of Integrated Proteins Ltd are edging higher, currently trading at ₹150.10, which is up 0.91%. The stock has seen movement today, fluctuating within an intraday range from a low of ₹150.10 to a high of ₹151.90.