IFB Industries Limited has informed the Exchange about General Updates
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IFB Industries has appointed Mr. Raj Agarwal, a Chartered Accountant, as the new Internal Auditor of the company with effect from 29th July 2025. He replaces Mr. Rajeev Mundhra, who has been moved to a new responsibility within the company. The appointment was approved by the Board based on the recommendation of the Audit Committee. Mr. Raj Agarwal has been with IFB Industries since 2017 in the Internal Audit Department and brings over 8 years of internal audit experience. This is a routine internal auditor change with no impact on the statutory audit.
This is a routine internal management change with no material impact on shareholders or the stock. The new Internal Auditor is an internal promotion, suggesting continuity in audit practices.