Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of IFL Enterprises ....
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IFL Enterprises' board met on September 8, 2025 and approved the notice for the 16th Annual General Meeting along with the Director's Report for FY ended March 31, 2025. Mr. Didawala Akshay Kumar Shailendra (DIN: 11121864) was appointed as Additional Director in the capacity of Managing Director and also as the Chief Financial Officer of the company. Mr. Didawala has over 3 years of experience as a commission agent at an agricultural produce market committee (APMC), with expertise in agri-commodity trading and client management. The board also appointed M/s. Divya Mohta & Associates as Secretarial Auditor for a five-year term covering FY2025-26 to FY2029-30, subject to shareholder approval at the upcoming AGM. A scrutinizer was appointed for the remote e-voting process.
The consolidation of both MD and CFO roles on a single new appointee with relatively limited corporate experience may raise governance concerns among shareholders. The new appointments and AGM notice are routine compliance items and are unlikely to have an immediate material impact on the stock price, though the MD/CFO dual-role structure warrants close monitoring.