Shareholders Give Nod For Stock Split Of Equity Shares Of IRB Infra

The shareholders of the infrastructure Highways Developer IRB Infrastructure Developers Limited have given a nod to the proposed stock split of equity shares with majority.

In a postal ballot process conducted after the Company Board approved the split of equity shares of Rs.10 face value into 10 equity shares of Re.1 face value each, 99.99 per cent shareholders of the Company favoured the resolution.

The shareholders’ go ahead to the company accorded through the postal ballot will now enable the company to initiate further necessary steps to bring the split into reality and credit the appropriate numbers of shares to the Demat Accounts of the eligible shareholders.

According to an official statement by the company, as on 4th January 2023, i.e., cut-off date for exercising postal ballot, the company’s shareholders strength was 1,55,282. Total 54,32,87,734 votes polled of which, 99.99 per cent votes were in favour of the Resolutions.