Integrated Proteins Ltd

EGM overview

• EGM held on 20 Aug 2026 via VC/OAVM to approve share subdivision.
• Resolutions include MOA alterations and key director appointments.
• Total four resolutions passed with 100% voting in favour.
• Promoter group had no interest in the agenda.

Resolution 1 – Share subdivision

• Type: Ordinary; sub-division of equity shares from Rs 10 to Rs 1.
• Promoter interest: No promoter group interested.
• Outcome: Approved; 100% assent.
• Impact: Share count increases; ownership and control unchanged.

Resolution 2 – MOA alteration

• Type: Ordinary; MOA capital clause altered for subdivision.
• Promoter interest: No.
• Outcome: Approved; 100% assent.

Resolution 3 – NED appointment

• Type: Ordinary; Appoints Nitish Pratapray Mehta as Non-Executive Independent Director.
• Promoter interest: No.
• Outcome: Approved; 100% assent.

Resolution 4 – MD/Chairman appointment

• Type: Special; Appoints Hiren Dhirajlal Shah as Chairman and Managing Director.
• Promoter interest: No.
• Outcome: Approved; 100% assent.

Voting & attendance

• Total voters: 12; total shares voted: 7,022,335.
• Remote e-voting and EGM results: all resolutions passed.
• Promoter group participation: none in voting.
• Share-subdivision impact: no change in control.

Governance impact

• MD/Chairman appointment and NED appointment enhance governance structure.

Record date and split details

• Sub-division of equity shares from ₹10 to ₹1, ratio 1:10, fully paid.
• Record date fixed as Friday, 4 September 2026.
• Approved by members at the Extraordinary General Meeting on 20 August 2026.
• Security: equity shares; post-split face value ₹1.

Resolutions proposed

• Resolution 1 (Ordinary): Sub-division of ₹10 shares into 10×₹1 each.
• Resolution 2 (Ordinary): Alteration of Capital Clause due to subdivision.
• Resolution 3 (Ordinary): Regularisation of Nitesh Pratapray Mehta as Non-Executive Director.
• Resolution 4 (Special): Re-appointment of Hiren Shah as CMD for five years (24 Jul 2026–23 Jul 2031).

Financial results

• Board approved unaudited standalone results for quarter ended 30-06-2026; Limited Review Report attached
• Revenue from operations ₹1,054.73 lakh; Other income ₹1.65 lakh; Total ₹1,056.38 lakh
• Total expenses ₹1,007.93 lakh; Profit before tax ₹48.45 lakh; Tax ₹12.19 lakh; Net profit ₹36.26 lakh
• Earnings per share: Basic ₹0.19; Diluted ₹0.19; Paid-up equity capital ₹1,871.36 lakh
• Audit Committee reviewed results; Board approved and release dated 14 August 2026
• Notes: Standalone results; IND AS 34; segment information disclosed per IND AS 108

Auditors' remarks

• Independent Auditor's Review Report states no material misstatement; no audit opinion issued

Governance / approvals

• Meeting held at Jamnagar; Managing Director Hiren Shah signed on behalf of the company
• Date: 14 August 2026; results released under Regulation 33 SEBI LODR
• No material director or auditor changes disclosed

Meeting Details

• Date: August 14, 2026.
• Location: Registered Office, Office No. 218, Manek Centre, Pandit Nehru Marg, Jamnagar, Gujarat.

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended June 30, 2026, with Limited Review Report.
• Any other item with permission of Chair and majority of directors.

Other Notes

• No additional material items beyond the stated agenda.

Resolution 1: Share sub-division

• Ordinary; sub-divide equity shares 10:1, record date to be fixed, listing approvals required.

Resolution 2: Capital clause alteration

• Ordinary; alter authorized capital to Rs25 crore, Rs1 per share, increasing share count to 25,00,00,000 shares.

Resolution 3: Regularize Nitish Mehta as NED

• Ordinary; regularize Nitish Mehta as Non-Executive Director; appointed as additional director on 9 July 2026.

Resolution 4: CMD appointment

• Special; reappoint Hiren Shah as CMD for five years (Jul 2026–Jul 2031) with approved remuneration.

Appointments/Resignations

• Shivangi Paliwal resigned as Company Secretary and Compliance Officer; effective 27 July 2026; due to personal reasons.

Director designation change

• Re-designation of Hiren D. Shah from Additional Executive Director to Chairman and Managing Director.
• Effective 24 July 2026 for a five-year term until 23 July 2031.
• Subject to shareholders' approval at the general meeting.
• Profile: BCA and LL.B from Saurashtra University; extensive finance and corporate management experience.
• Not debarred from holding office by SEBI or any authority.
• Relationship with other directors: None disclosed.