On Friday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.85 per cent to 24,166.60. Amid the broader market strength, Integrated Proteins share price traded at Rs 150.10, up 0.91 per cent, after the company announced a 1:10 Stock Split along with promoter reclassification and multiple board-level changes.
Integrated Proteins Board Approves 1:10 Stock Split
The Board of Directors approved a 1:10 stock split, under which every one equity share of Rs 10 face value will be split into ten equity shares of Re 1 each, subject to shareholders’ approval. Following the subdivision, the company’s authorised share capital will remain unchanged at Rs 25 crore, divided into 25 crore equity shares of Re 1 each. The record date for the stock split will be announced separately after the necessary approvals are received.
Promoter Reclassification Approved
The board also approved requests from certain members of the promoter and promoter group seeking reclassification from the ‘Promoter and Promoter Group’ category to the ‘Public’ category, subject to approvals from the stock exchanges. The list includes Vinod Prabhulal Mehta, Amrish Vinod Mehta, Jyoti Vinodchandra Mehta, Piyush Chimanlal Vora and Purnimaben Piyushbhai Vora, among others.
Promoter Holding Declines Sharply
The company’s shareholding pattern reflects a significant decline in promoter ownership over the past year. Promoter holding stood at 46.29 per cent until September 2024 before falling to 22.40 per cent in December 2024, 13.04 per cent in March 2025 and further to 2.23 per cent as of March 2026. Correspondingly, public shareholding increased to 97.77 per cent, indicating a substantial shift in the company’s ownership structure.
Integrated Proteins Board and Management Changes
Alongside the corporate actions, the company announced the resignation of Vinod Prabhulal Mehta (Executive Director), Neepa Praful Kothari (Director), and Priyansh Tejas Parekh (Independent Director), all citing personal reasons and professional commitments. The Board also approved the appointment of Nitish Pratapray Mehta and Hiren Dhirajlal Shah as Additional Executive Directors, while Sandeep Mahadik was appointed as an Additional Independent Director for a five-year term, subject to shareholders’ approval. The company also reconstituted its Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee with effect from July 9, 2026.
About Integrated Proteins
Integrated Proteins Ltd is engaged in the business of edible oils, agro products and allied commodities. The company operates from Gujarat and is focused on expanding its business while undertaking corporate restructuring initiatives aimed at improving governance, enhancing liquidity and broadening shareholder participation. Further company has delivered a multibagger return of 241 per cent over the past one year
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