Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Postal Ballot Notice ('Notice') of the Company ....
IFBIND · price
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IFB Industries Ltd is seeking shareholder approval via postal ballot for appointing three new directors. Mr. Arup Das (64 years, with IFB since 1992) is proposed as Executive Director - Engineering Business for 1 year at Rs. 1.20 Crores annual CTC. Mr. Manoj Kumar Vijay (60 years, ex-USHA Martin Group) is proposed as Independent Director for 2 years. Mr. Sandeep Joseph Abraham (57 years, IIM Ahmedabad graduate, ex-MRF VP) is proposed as Managing Director & CEO for the Home Appliance Division for 5 years at Rs. 3.25 Crores annual CTC. The e-voting period runs from 27th May to 25th June 2026, with results announced by 26th June 2026.
Shareholders should note that Mr. Sandeep Abraham's appointment as MD & CEO at Rs. 3.25 Crores marks a significant leadership change for the Home Appliance Division, and his compensation is notably higher than Mr. Das's package. The appointments will bring fresh external leadership experience to the company, particularly from Mr. Abraham's background managing large-scale businesses.