Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of IFL Enterprises Limited, ....
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The Board of Directors of IFL Enterprises Ltd, at its meeting on July 31, 2025, approved adding new clauses to the Main Objects of the Company's Memorandum of Association. The additions focus on two main areas: (1) entering the organic waste management business, including collection, segregation, treatment, and recycling of biodegradable waste into compost, bio-fertilizers, biogas, and other eco-friendly products, and (2) diversifying into environmentally sustainable sectors such as clean energy, green technologies, and resource recovery. The Company may raise funds via equity, debt, grants, or carbon credits and partner with public/private stakeholders to pursue these ventures. The amendment is subject to shareholder approval at a General Meeting.
This signals a potential business pivot toward waste management and green energy sectors, but no actual business activity or financials are confirmed yet. Shareholders will get a chance to approve or reject the expansion at an upcoming General Meeting.