IFB Agro Industries Limited has informed the Exchange regarding 'Notice of Annual General Meeting & Annual Report for the F.Y. 2024-2025'.
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IFB Agro Industries has sent out the notice for its 43rd AGM scheduled for July 30, 2025, at 12:30 PM in Kolkata. Shareholders will consider adopting the audited standalone and consolidated financial statements, re-appointing Mr. Arup Kumar Banerjee as Executive Vice Chairman for 2 years at a consolidated salary of Rs. 1.80 crore per annum, and appointing M/s. LABH & LABH Associates as Secretarial Auditor for 5 years (FY26–FY30). The accompanying Annual Report highlights FY25 standalone net operational revenue of Rs. 1,059 crore, up 14% year-on-year, with EBITDA jumping to Rs. 59.24 crore from Rs. 8.58 crore in FY24. The Board has approved the acquisition of Cargill India's shrimp and freshwater fish feed business (annual turnover of Rs. 353 crore, plants in Andhra Pradesh) on a slump sale basis, expected to close by July 31, 2025. The company ended FY25 net debt-free with Rs. 187 crore in cash and just Rs. 5 crore of debt.
The Cargill aqua-feed acquisition could meaningfully expand IFB Agro's fish and shrimp feed business, while the strong cash position and net debt-free status provide flexibility. However, the distillery and IML businesses continue to face disruption from West Bengal excise authorities, which remains a key operational risk for shareholders.