Integrated Proteins Ltd Approves Share Split, Appoints New Directors Amid Executive Changes
Integrated Proteins Ltd announced several significant corporate decisions following a Board meeting held on July 9, 2026. Key actions approved included the sub-division (split) of its equity shares, the appointment of three new directors, and the approval of reclassification requests by promoter groups. The board also noted the resignations of three senior members.Equity Share Sub-Division Approved
The Board accorded approval for the sub-division (split) of the company's equity shares. Previously, one fully paid-up equity share with a face value of Rs. 10 was divided into ten equity shares, each having a face value of Re. 1/-. This change is subject to subsequent shareholder and statutory approvals.The move aims to make the shares more affordable and attractive for retail investors while enhancing the market liquidity of the company's shares. The alteration affects the authorized share capital and structure:
| Particular | Pre-Split Status | Post-Split Status |
|---|---|---|
| Authorized Share Capital | Rs. 25,00,00,000 divided into 2,50,00,000 Equity Shares of Rs. 10/- each. | Rs. 25,00,00,000 divided into 25,00,00,000 Equity Shares of Re. 1/- each. |
| Issued Capital | 1,87,13,600 Equity Shares with a face value of Rs. 10/-, totaling Rs. 18,71,36,000. | 18,71,36,000 Equity Shares with a face value of Re. 1/-, totaling Rs. 18,71,36,000. |
Director Appointments and Departures
The Board meeting saw the appointment of three new directors and the resignation of three existing senior members.New Appointments:
Three individuals were approved for appointments as additional directors:
| Name | Designation | Effective Date | Term |
|---|---|---|---|
| Nitish Pratapray Mehta (DIN: 09555034) | Additional Executive Director | July 9, 2026 | 5 years |
| Hiren Dhirajlal Shah (DIN: 09842161) | Additional Executive Director | July 9, 2026 | 5 years |
| Sandeep Mahadik (DIN: 11814050) | Additional Non-Executive Independent Director | July 9, 2026 | 5 years (Subject to EGM approval) |
Mr. Sandeep Mahadik was appointed as an Additional Director, designated as a Non-Executive Independent Director, and is not related to any of the company's Directors or Key Managerial Personnel. His appointment is subject to shareholder approval at the ensuing General Meeting.
Resignations:
The Board noted the resignations tendered by three senior members, effective from July 9, 2026:
- Mr. Priyansh Tejas Parekh (DIN: 10780868) resigned as an Independent Director due to increased professional commitments and personal reasons.
- Ms. Neepa Praful Kothari (DIN: 02461588) resigned as a Director citing increased professional commitments and personal reasons.
- Mr. Vinod Prabhulal Mehta (DIN: 00094718) resigned as an Executive Director due to increased professional commitments and personal reasons.
Promoter Reclassification and Committee Re-constitution
The board considered and approved the requests from various promoter and promoter group entities seeking reclassification from 'Promoter and Promoter Group' status to the 'Public' category, contingent upon receiving a No Objection Certificate from BSE Limited.The promoter groups seeking reclassification, along with their shareholdings, are detailed below:
| Name of the Promoter / Promoter Group | Category | Number of Shares Held | Percentage of Shares Held |
|---|---|---|---|
| Vinod Prabhulal Mehta | Promoter | 4,17,620 | 1.72% |
| Amrish Vinod Mehta | Promoter Group | 53,300 | 0.28% |
| Jyoti Vinodchandra Mehta | Promoter Group | 30,500 | 0.16% |
| Piyush Chimanlal Vora | Promoter | 10,010 | 0.05% |
| Purnimaben Piyushbhai Vora | Promoter Group | 1,510 | 0.01% |
Furthermore, the Board approved and reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee as of July 9, 2026. The new committee compositions are structured as follows:
Committee Restructuring:
| Committee Name | Chairperson | Key Members |
|---|---|---|
| Audit Committee | Kishan Kanjaria (Non-Executive - Independent Director) | Jyoti Jashvantray Kataria, Hiren Dhirajlal Shah |
| Nomination and Remuneration Committee | Jyoti Jashvantray Kataria (Non-Executive - Independent Director) | Kishan Kanjaria, Sandeep Mahadik |
| Stakeholders Relationship Committee | Jyoti Jashvantray Kataria (Non-Executive - Independent Director) | Kishan Kanjaria, Sandeep Mahadik |
Stock Price Movement
Integrated Proteins Ltd shares settled at ₹148.75 at Thursday's close, following a 0.97% dip. The stock saw fluctuations during the trading day, having tested a low of ₹148.75 and reaching a high of ₹149.45.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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