IFB Industries Limited has announced changes to its board composition, with the completion of one independent director's term and the appointment of a new independent director in his place.

Board Transition Details

The company disclosed that Mr. Biswadip Gupta's term as Independent Director concluded on February 9, 2026, marking the end of his tenure with the organization. Following this transition, the Board of Directors approved the appointment of Mr. Tarun Kumar Daga as his replacement through a circular resolution passed on February 10, 2026.

New Director Profile

Mr. Tarun Kumar Daga, aged 60 years, brings extensive experience to the board with more than 35 years of professional expertise across various capacities in marketing, sales, operations, and general management. His recent leadership role included serving as President & CEO of Tata Steel Thailand, Bangkok, from December 2022 to January 2026.

Professional Background

Mr. Daga's career highlights include significant leadership positions within the Tata Group:

• Managing Director of Tata Steel Utilities & Infrastructure Services Limited for 4 years
• Managing Director of The Tinplate Company of India Limited for 9 years
• Led multi-location operations in India and Thailand

His expertise encompasses driving sustainable growth, operational excellence, and market leadership. He has demonstrated particular interest in performance improvement through Total Quality Management, Business Excellence, and Total Plant Maintenance (TPM), while holding various industry leadership positions.

Regulatory Compliance

The appointment follows recommendations from the company's Nomination and Remuneration Committee and complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment remains subject to approval by the company's members.

Mr. Daga is not related to any existing director of the company and has not been debarred from holding directorial positions by SEBI or any other regulatory authority. This board transition ensures continuity in the company's governance structure while bringing fresh expertise to guide strategic initiatives.

IFB Agro Industries has released its Q3 consolidated financial results, presenting a mixed performance characterized by revenue growth and improved EBITDA alongside a notable decline in net profitability. The company's financial metrics reflect both operational improvements and profitability challenges faced during the quarter.

Comprehensive Financial Performance

The company's Q3 consolidated results demonstrate contrasting trends across different financial parameters, with operational efficiency showing improvement while bottom-line profitability faced pressure.

Operational Efficiency Improvements

IFB Agro Industries demonstrated improved operational performance with EBITDA rising to ₹182 million compared to ₹160 million in the corresponding quarter of the previous year, marking a growth of 13.8%. The company's EBITDA margin also showed improvement, expanding to 3.87% from 3.80% year-on-year, indicating better operational efficiency and cost management.

The revenue performance remained robust with consolidated revenue reaching ₹4.70 billion, representing an increase of ₹500 million or 11.9% compared to ₹4.20 billion in the same quarter of the previous year. This revenue growth demonstrates the company's ability to expand its business operations and market reach.

Profitability Challenges Persist

Despite operational improvements, the company's consolidated net profit declined substantially to ₹73 million from ₹113 million year-on-year, marking a decrease of ₹40 million or 35.4%. This significant profit decline suggests that while the company improved its operational efficiency, other factors such as higher depreciation, interest costs, or tax expenses may have impacted the bottom line.

Performance Analysis

The financial results present a nuanced picture where IFB Agro Industries achieved both revenue growth and EBITDA improvement, yet faced challenges at the net profit level. The positive EBITDA growth of 13.8% coupled with margin expansion indicates effective operational management, while the substantial decline in net profit highlights the impact of below-EBITDA expenses on overall profitability during the quarter.