IFB Industries Limited announced significant leadership changes following its Board of Directors meeting held on April 9, 2026. The board approved the appointment of two key directors to strengthen the company's management structure and governance framework.

Key Board Appointments

The board made two strategic appointments during the meeting that commenced at 5:25 p.m. and concluded at 5:45 p.m.:

Profile of New Managing Director

Mr. Sandeep Joseph Abraham, aged 57 years, brings extensive leadership experience to IFB Industries. He holds a Bachelor's degree in Mechanical Engineering from REC Tiruchirapalli and completed his Post Graduate Diploma in Management from IIM Ahmedabad.

Key highlights of his professional background include:

• Over 30 years of experience driving growth across diverse B2B and B2C industries
• Experience managing business operations close to ₹20,000 crore
• Track record of leading teams to market leadership positions
• Expertise in product innovation, market development, and operational excellence
• Previous roles with prominent companies including TAFE, GSK Consumer Healthcare, SIFY, Trident Hotels, and Vodafone
• Most recently served as Vice President – Business Development at MRF for more than 11 years

Independent Director Appointment

Mr. Manoj Kumar Vijay, aged 60 years, has been appointed as Non-Executive Independent Director. He is a Bachelor of Commerce from Calcutta University with a Diploma in Multimedia design.

His professional credentials include:

• Over 36 years of experience with the USHA Martin Group
• Expertise across accounts and finance, business management, administration, human resources, and legal matters
• Current independent board member of Usha Martin Education & Solutions Limited (Listed) and Peterhouse Investments India Limited
• Director positions at RW Ropeways Private Limited, KGVK Agro Limited, and Redtech Network India Private Limited
• Currently working as consultant with Usha Breco Limited after superannuation

Regulatory Compliance

Both appointments require shareholder approval, which will be sought either at a General Meeting or through Postal Ballot. The company confirmed that neither director is debarred from holding directorship by SEBI or any other regulatory authority. Additionally, both appointees are not related to any existing directors of the company, ensuring independence in governance structure.

The appointments were made based on recommendations from the Nomination and Remuneration Committee and comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.