IFB Industries Limited has announced the appointment of Mr. Arup Das as Additional Executive Director, following a Board meeting held on 28th March, 2026. The decision was made based on recommendations from the Nomination and Remuneration Committee and is subject to approval from the company's members.

Board Meeting Details

The Board of Directors convened on 28th March, 2026, with the meeting commencing at 11:30 a.m. and concluding at 03:00 p.m. The primary agenda item was the consideration and approval of Mr. Arup Das's appointment to the executive leadership team.

Executive Profile and Experience

Mr. Arup Das, aged about 64 years, brings extensive educational qualifications and professional experience to his new role. He holds a B.Sc. from Calcutta University, a bachelor of Engineering from AMIE, and a PGDBM from IBM R. His appointment comes with the Director Identification Number (DIN) 08417965.

Career Journey at IFB Industries

Das has demonstrated significant growth within IFB Industries over his three-decade association with the company. Throughout his tenure, he has held various leadership positions within the Engineering Division, serving as Head of departments across multiple critical functions.

His departmental leadership experience spans:

• Heat Treatment operations
• New product development initiatives
• Supply chain management
• Marketing and sales functions

Appointment Terms and Compliance

The appointment is structured as an interim arrangement, with Das serving until a new Chief Executive Officer or Managing Director is appointed to the company. The Board has confirmed that he is not debarred from holding directorial positions by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

Regulatory Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was formally communicated to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ensuring complete transparency with all stakeholders regarding this significant leadership appointment.

IFB Industries Limited has announced the resignation of its Managing Director Mr. Panamanna Hariharan Narayanan, effective April 1, 2026. The company disclosed this development on March 28, 2026, in compliance with regulatory requirements under SEBI listing obligations.

Resignation Details

The resignation was formally communicated through an email dated March 27, 2026, where Narayanan expressed his intention to retire from the position of Managing Director of the Engineering Division. The departure is attributed to personal commitments requiring his attention.

Regulatory Compliance

IFB Industries has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company submitted the required information to both BSE Limited and The National Stock Exchange of India Limited.

Leadership Transition

In his resignation email, Narayanan expressed gratitude for the opportunity to serve in the role and acknowledged the support received during his tenure. He described his time with the organization as a privilege, highlighting his contribution to the company's operations over the past 2.5 years.

The resignation represents a significant leadership change for IFB Industries' Engineering Division, as the company transitions from Narayanan's management approach. The formal documentation was signed by Company Secretary Ritesh Agarwal and submitted to the stock exchanges as per regulatory requirements.

Corporate Governance

The company has maintained transparency in its disclosure process, providing detailed information as mandated by SEBI regulations. The resignation follows proper corporate governance protocols, with all necessary documentation submitted to relevant authorities and stakeholders informed through appropriate channels.