IB Infotech Enterprises' board has approved a share sub-division, splitting one equity share of Rs. 10 face value into ten equity shares of Re.

1 face value.

This aims to enhance share liquidity, make the stock more accessible for small investors, and broaden the investor base.

The company also approved changes to its Memorandum of Association to reflect the capital alteration and adopted new Articles of Association aligning with the Companies Act.

These strategic actions are contingent on shareholder approval.