IFB Industries Limited has informed the Exchange regarding 'Re-constitution of Committees'.
IFBIND · price
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IFB Industries Limited's Board of Directors met on 25th May, 2026 and approved two key items. First, M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004) was appointed as the Cost Auditor for Financial Year 2026-27 at a remuneration of ₹9 lakhs (excluding taxes), subject to shareholder approval. The firm has over 50 years of experience and 6 partners. Second, the Risk Management Committee was re-constituted with Mr. Chacko Joseph as Chairman and 5 other members. The Project Review Committee was also re-constituted with Mr. Ashok Bhandari as Chairman and 5 other members. The document is compliant with SEBI Listing Regulation 30 disclosure requirements.
The re-constitution of board committees and appointment of a new cost auditor is routine corporate governance maintenance with no immediate shareholder impact. The stock is unlikely to see any significant movement based on this filing.