Integrated Proteins approves 1:10 split as board reshuffles
Nano-cap board approves stock split to boost liquidity; three directors resign, new appointments follow. Promoter reclassification also approved.
— 3 earlier stories on Integrated Proteins Ltd. →What's new
- Board approved 1:10 stock split, subdividing ₹10 face value to Re 1.
- Three directors resigned, including executive director Vinod Mehta.
- Three new directors appointed; committees reconstituted.
Why this matters
For a ₹279-cr nano-cap with a P/E of 1233 and trailing revenue down 73.5%, a stock split is a liquidity move. But the simultaneous departure of an executive director and promoter reclassification add governance flux after last month's MD exit.
What we're watching
- Shareholder and regulatory approvals for the split and record date.
- Whether the new directors bring stability after recent MD exit.
- Any impact on control from promoter reclassification to public status.
The full read
Integrated Proteins approved a 1:10 stock split. Each ₹10 share becomes ten Re 1. Goal: liquidity. But fundamentals are weak — trailing revenue down 73.5%, latest quarterly sales ₹6 cr, zero net profit, P/E 1233. Three directors resigned, including executive director Vinod Mehta. Immediate replacements appointed. Promoter reclassification okayed. Hardly a growth story. For a company with ₹0 cr net profit in the March quarter, the split is a liquidity tool, not a value signal. The board churn follows last month's MD exit. The new directors must show stability quickly.
Questions answered
- What is the 1:10 stock split?
- Each ₹10 share will be subdivided into ten shares of Re 1 each. The split is subject to shareholder and regulatory approvals; the record date will be set later.
- Who resigned from the board?
- Three directors resigned: Priyansh Tejas Parekh (Independent Director), Neepa Praful Kothari (Non-Executive Director), and Vinod Prabhulal Mehta (Executive Director). All cited professional commitments and personal reasons.
- Who were appointed as new directors?
- Nitesh Pratapray Mehta and Hiren Dhirajlal Shah as Additional Executive Directors, and Sandeep Mahadik as Additional Independent Director for a five-year term.
- What is the promoter reclassification?
- Ten individuals, including Vinod Prabhulal Mehta (1.72% stake), requested reclassification from promoter to public status. The board approved it, subject to BSE's no-objection certificate.
- Why is the stock split significant for this company?
- Integrated Proteins has a market cap of ₹279 cr with low liquidity. A stock split typically makes shares more affordable for retail investors, potentially improving trading volumes.
Integrated Proteins Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on INTEGFD →- 9 Jul 2026 · 8:44 PM IST Integrated Proteins approves 1:10 split as board reshuffles
- 10d ago Integrated Proteins board to consider stock split on July 3
- 11d ago Integrated Proteins loses MD with immediate effect
- 45d ago Integrated Proteins revenue drops 54% in FY26