Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, (SEBI Listing ....
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IFL Enterprises Ltd has received board approval for a Rights Issue of Rs. 49.14 crore, comprising 49,14,76,620 equity shares at Rs. 1 per share. The issue opens on June 19, 2025 and closes on June 30, 2025, with a record date of June 13, 2025. Existing shareholders can subscribe in the ratio of 60 rights shares for every 91 fully paid-up shares held, with the last date for on-market renunciation being June 24, 2025. The funds will be used to strengthen the company's financial position and for general corporate purposes. The company reported strong FY25 results, with revenue surging over 13x to Rs. 120.60 crore and net profit rising 254% YoY to Rs. 2.99 crore. A new Managing Director, Mr. Abhishek Pratapkumar Thakkar, has been appointed to drive operational efficiency and expansion.
Shareholders as on the record date (June 13, 2025) can subscribe to the rights shares at a low price of Rs. 1 per share to increase their stake, though the large entitlement ratio (60:91) means significant capital commitment. The rights issue may lead to short-term share price pressure due to dilution, but the company's strong FY25 earnings growth and clear use of funds for expansion could support long-term value.