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 a key board change with the resignation of one of its Non-Executive Independent Directors. The company informed BSE Limited about this development in compliance with regulatory requirements under SEBI Listing Regulations.

Director Resignation Details

Mrs. Dimpleben Arajanbhai Makwana (DIN: 10745925) has tendered her resignation as Non-Executive Independent Director of the company. The resignation became effective from the close of business hours on December 13, 2025.

Regulatory Compliance

The resignation was communicated pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) 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.

Mrs. Makwana confirmed in her resignation letter that there are no material reasons for her resignation other than those mentioned, specifically citing preoccupation with other matters as the primary reason for her decision.

Board Acknowledgment

The Board of Directors has formally noted the resignation and placed on record its sincere appreciation for the contribution made by Mrs. Dimpleben Arajanbhai Makwana during her tenure as a Board Member with the company. The resignation letter was submitted with immediate effect from December 13, 2025.

Company Information

IFL Enterprises Limited operates with CIN: L74110GJ2009PLC151201 and maintains its registered office at Office No. 412, 4th Floor Shilp Zaveri, Samruddhi Soc., NR. Shyamal Cross Road, Satellite, Ahmedabad-380015. The company trades on BSE with scrip code 540377 and symbol IFL, with ISIN INE714U01024.