IFB Industries has commenced the remote e-voting process for its postal ballot to seek shareholder approval for the appointment of three directors to its Board. The voting period opened on May 27, 2026, at 9:00 a.m. IST and will conclude on June 29, 2026, at 5:00 p.m. IST. The company has published the notice in newspapers including 'Business Standard' and 'Aajkal' to inform members about the regulatory process under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company seeks ratification for Mr. Arup Das as Executive Director - Engineering Business, the appointment of Mr. Manoj Kumar Vijay as an Independent Director, and the appointment of Mr. Sandeep Joseph Abraham as Managing Director & CEO – Home Appliance Division. These resolutions are subject to the approval of members and compliance with the Companies Act, 2013, and SEBI regulations. The Board has appointed M. A. K. Lath, a Practicing Company Secretary and proprietor of M/s. A. K. Lath & Co., as the Scrutineer to supervise the e-voting process.

Proposed Appointments

Mr. Arup Das, inducted as an Additional Director on April 1, 2026, is proposed to be appointed as Executive Director - Engineering Business for one year. His remuneration is estimated at a Cost to Company (CTC) of approximately ₹1.20 Crores per annum. Mr. Manoj Kumar Vijay is proposed as an Independent Director for a two-year term effective from April 9, 2026. Mr. Sandeep Joseph Abraham is proposed as Managing Director & CEO – Home Appliance Division for five years effective from April 9, 2026, with an estimated annual CTC of ₹3.25 Crores.

Voting Schedule and Process

Members registered on the records of the company or depositories as of May 22, 2026, are eligible to participate. The company has engaged National Securities Depository Limited (NSDL) to facilitate the voting process. Shareholders can cast their votes through the NSDL e-voting system. The results of the postal ballot will be announced on or before June 29, 2026.

IFB Industries reported a consolidated net profit of ₹143.56 crore for the financial year ended March 31, 2026, a 20.7% increase from ₹118.91 crore in the previous year. Revenue from operations for FY26 stood at ₹5,619.48 crore, up 10.4% from ₹5,091.71 crore in FY25. The Board of Directors adopted the audited standalone and consolidated financial results at its meeting held on May 25, 2026.

Financial Performance

The company recorded a profit before tax of ₹192.45 crore for FY26, compared to ₹163.45 crore in the prior year. Basic earnings per share for the year increased to ₹35.43 from ₹29.35 in the previous year. For the quarter ended March 31, 2026, IFB Industries delivered a strong year-on-year performance across key metrics. The following table summarises the Q4 results against the prior year period:

Segment Results

The home appliances segment led the revenue with ₹4,481.23 crore for the year, followed by engineering at ₹1,007.44 crore. The total segment revenue for FY26 was ₹5,738.92 crore. Profit before interest and tax for the home appliances segment was ₹118.79 crore, while the engineering segment reported ₹114.02 crore.

Exceptional Items and Audit

The company recognised an exceptional item of ₹13.95 crore for the year, relating to an incremental liability due to the notification of four Labour Codes by the Government of India. Price Waterhouse & Co Chartered Accountants LLP issued an unmodified opinion on the standalone and consolidated financial results.

Financial Position

Total assets as of March 31, 2026, stood at ₹2,483.73 crore, an increase from ₹2,357.62 crore in the previous year. Total equity increased to ₹994.86 crore from ₹841.99 crore. Cash and cash equivalents for the year ended March 31, 2026, were ₹120.58 crore, compared to ₹109.26 crore in the prior year.