IFL Enterprises Limited reported its unaudited financial results for the third quarter ended December 31, 2025, revealing a challenging quarter with zero revenue and a net loss, contrasting sharply with the previous year's performance. The Board of Directors approved these results on February 13, 2026, following a limited review by statutory auditors.

Quarterly Financial Performance

The company's standalone results for Q3FY26 showed a significant decline compared to the corresponding quarter of the previous year. The absence of revenue during the quarter resulted in operational challenges and a net loss.

The company incurred total expenses of ₹38.22 lakhs during Q3FY26, primarily comprising employee benefit expenses of ₹0.85 lakhs, depreciation and amortization expenses of ₹5.53 lakhs, and other expenses of ₹31.84 lakhs.

Year-to-Date Performance

Despite the quarterly challenges, IFL Enterprises demonstrated strong year-to-date performance for the nine-month period ended December 31, 2025. The company achieved substantial growth in profitability compared to the corresponding period in the previous year.

The remarkable year-to-date profit growth of 1,893% was driven by improved operational efficiency and significantly higher other income, which increased from ₹32.25 lakhs to ₹222.63 lakhs.

Consolidated Results

The consolidated financial results mirrored the standalone performance trends, showing quarterly losses but strong year-to-date profitability.

Capital Structure and Operations

The company's paid-up equity share capital increased significantly to ₹12,401.25 lakhs as of December 31, 2025, compared to ₹7,454.06 lakhs in the previous year, indicating a substantial capital expansion. IFL Enterprises operates exclusively in the agriculture segment, focusing on this single business vertical.

Auditor Observations

The statutory auditors, Chandabhoy & Jassoobhoy, issued a disclaimer of opinion for both standalone and consolidated results, citing several concerns:

• Lack of satisfactory supporting documents for sales, purchases, and inventory valuation
• Absence of fixed assets register affecting depreciation verification
• Unconfirmed trade receivables and payables
• Missing loan agreements for unsecured loans
• Non-compliance with MSME classification requirements

The auditors noted that these issues may have material impact on the financial statements' fair presentation, though they found no other matters requiring attention beyond the documented concerns.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026, with the company maintaining its operations from its registered office in Ahmedabad, Gujarat.

IFL Enterprises Limited has announced the resignation of Meet Sureshbhai Chhatrala from his position as Executive Director, effective from the close of business hours on December 13, 2025. The company informed BSE Limited about this development in compliance with Regulation 30 of the SEBI Listing Regulations, 2015.

Resignation Details

The key details of the executive departure are outlined below:

Official Communication

In his resignation letter dated December 13, 2025, Chhatrala formally tendered his resignation from the position of Executive Director with immediate effect. The resignation letter was addressed to the Board of Directors at the company's registered office in Ahmedabad, Gujarat. He requested the company to acknowledge receipt of his resignation and arrange to submit the necessary forms with the office of the Registrar of Companies.

Board Response

The Board of Directors of IFL Enterprises Limited has noted the resignation and placed on record its appreciation for the contribution made by Meet Sureshbhai Chhatrala during his tenure as a Board Member with the company. The company has confirmed that Chhatrala provided confirmation that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has provided all relevant details as required under the regulatory framework, including confirmation that the resigning director does not hold directorships in any other listed entities.