Media Release - Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Awaiting price reaction for this filing.
IFL Enterprises' board has approved a proposal from Singapore-based UNIQUBE Global Managed Services PTE. LTD. to acquire up to 12% equity stake at ₹2 per share, which would help institutionalize shareholding and fund expansion into Organic Waste Management and Recycling. The investment route could be a preferential allotment, QIP, or Rights Issue, subject to RBI (FEMA) and SEBI approvals. The company posted strong Q1FY26 results with revenue from operations of ₹33.41 crore, up 118.5% year-on-year, and consolidated net profit of ₹5.15 crore versus just ₹0.03 crore a year ago, translating to an EPS of ₹0.93. Separately, four Foreign Portfolio Investors — Minerva Venture Fund, Nautilus Private Capital, Al Maha Investment Fund, and Nova Global Opportunities Fund — have together acquired a 16.08% stake (4.02% each), reflecting rising foreign institutional interest. The company recently completed a ₹49.14 crore Rights Issue at ₹1 per share that was oversubscribed 1.03 times and listed on July 9, 2025.
The proposed investment and FPI buying point to growing institutional confidence, which could support the stock, but the ₹2/share offer price is materially below current market levels, and the deal still requires regulatory approvals before any price benefit reaches existing shareholders.