IFB Agro Industries Limited , a prominent player in the Indian agro-industry sector, has made significant strides in its corporate governance efforts. The company recently held its 43rd Annual General Meeting (AGM) where shareholders approved key resolutions.

Re-appointment of Executive Vice Chairman

At the AGM, shareholders approved the re-appointment of Mr. Arup Kumar Banerjee as Executive Vice Chairman for a two-year term. Mr. Banerjee, 73, brings a wealth of experience to the role with his expertise in Business Management, Administration, Planning, Strategic Decision Making, and Marketing. He holds a B.Com (Hons.) degree and a Diploma in Business Management from IIM Calcutta.

The company confirmed that Mr. Banerjee, who holds DIN 00336225, meets all regulatory requirements and is not debarred from holding the position of Executive Vice Chairman.

Other Key Developments

Secretarial Auditor Appointment

The shareholders approved the appointment of M/s. LABH & LABH Associates as the Secretarial Auditor for a five-year term.

Financial Statements Adoption

The AGM also saw the adoption of both standalone and consolidated audited financial statements.

AGM Details

The 43rd AGM was well-attended, with 184 shareholders participating, including 7 from the promoter and promoter group and 177 from the public. The meeting, held at Raajkutir Rangmanch in Kolkata, started at 12:30 PM and concluded at 2:50 PM.

IFB Agro Industries' latest moves, particularly the re-appointment of Mr. Banerjee, signal the company's commitment to experienced leadership and continuity in its management. With strategic decisions and governance measures in place, the company appears well-positioned for its future endeavors in the agro-industry sector.

IFB Agro Industries Limited , a prominent player in the agro and spirits industry, has announced a significant change in its internal audit leadership. The company has appointed Mr. Rajat Purkayastha, a Chartered Accountant, as its new Internal Auditor with immediate effect.

Board Approval and Appointment Details

The appointment was approved by the Board of Directors on July 28, 2025, following a recommendation from the Audit Committee. Mr. Purkayastha takes over from Mr. Rajit Chatterjee, who has resigned to pursue other opportunities.

Extensive Experience Within IFB Agro

Mr. Purkayastha brings a wealth of experience to his new role, having been with IFB Agro Industries since 2006. His career with the company spans nearly two decades, during which he has held several key positions:

• Head of Finance & Accounts at NoorPur Distillery
• Roles in the IMFL (Indian Made Foreign Liquor) Division
• Positions in the Marine Division
• CFO of the IFB Steel Division

Appointment Details

The appointment is permanent and took effect on July 28, 2025.

Company's Regulatory Compliance

IFB Agro Industries Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also stated that this information will be available on its official website.

About IFB Agro Industries Limited

IFB Agro Industries Limited is known for its diverse portfolio in the agro-industrial sector, with significant operations in spirit, spirituous beverages, and marine products.

This strategic appointment of Mr. Rajat Purkayastha as the Internal Auditor is expected to contribute to IFB Agro's continued commitment to maintaining robust internal controls and financial oversight.