IFB Industries Limited announced comprehensive board restructuring following its meeting held on January 24, 2026, with multiple director appointments and committee reconstitution under Regulation 30 of SEBI Listing Obligations.

Key Director Appointments

The board approved several strategic appointments to strengthen its governance structure:

New Director Profiles

Mr. Saurav Adhikari brings four decades of global business expertise across technology, FMCG, and consumer durables sectors. The 67-year-old executive holds a B.A. (Honors) in Economics from Hindu College, Delhi University, MBA from JBIMS, Bombay University, and AMP from INSEAD. His notable experience includes over two decades with HCL (2000-2019) in multiple leadership roles, contributing to the company's growth from approximately ₹200 million revenue to ₹14 billion revenue. He currently serves as Founder & Senior Partner at Indus Tech Edge Fund and holds board positions with several listed companies including Goodricke Group Ltd., Accelya Solutions India Ltd., and Zee Entertainment Enterprises Ltd.

Mr. Subir Chakraborty, aged 68 years, is a Mechanical Engineer from IIT Madras with PGDM from IIM Calcutta. He brings over four decades of experience in marketing, sales, projects, and general management. His last assignment was as Managing Director of Exide Industries Limited, where he operated at board level for more than ten years across Indian and international subsidiaries until his retirement on April 30, 2024. He served as immediate past President of Bengal Chamber of Commerce & Industry and was a National Council Member of Confederation of Indian Industry for 2022-24.

Cost Auditor Appointment

The board appointed M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004) as Cost Auditor for Financial Year 2025-26:

The firm specializes in Cost Audit, Costing System implementation, Cost Ascertainment Projects, and Special Cost Studies, with partner Mr. Dinesh Sha carrying over 40 years of practice experience.

Board Committee Restructuring

The board reconstituted five key committees with new member compositions:

Audit Committee: Mr. Chacko Joseph (Chairman), Mr. Ashok Bhandari, Mr. Desh Raj Dogra, and Mrs. Sreedevi Pillai

Nomination and Remuneration Committee: Mr. Deshraj Dogra (Chairman), Mr. Sudip Banerjee, and Mrs. Sreedevi Pillai

Stakeholders Relationship Committee: Mr. Ashok Bhandari (Chairman), Mr. Desh Raj Dogra, and Mr. Amar Singh Negi

Corporate Social Responsibility Committee: Mr. Sudip Banerjee (Chairman), Mr. Ashok Bhandari, Mrs. Sreedevi Pillai, and Mr. Amar Singh Negi

Risk Management Committee: Mr. Chacko Joseph (Chairman), Mr. Sudip Banerjee, Mr. Desh Raj Dogra, Mr. P.H. Narayanan, and Mr. C.S. Govindaraj

All director appointments (Items 1-4) are subject to shareholder approval either at a General Meeting or through Postal Ballot. The company confirmed that none of the appointed directors are debarred from holding directorship by SEBI or any other regulatory authority.

IFB Industries has announced a significant expansion through its subsidiary operations, with GAAL launching a new fully owned unit in Switzerland. The development marks another milestone in the company's international growth strategy.

New Swiss Operations Launch

The subsidiary GAAL has successfully established 'Schmid Automotive & Appliances GmbH' as a fully owned unit based in Switzerland. This new entity represents a strategic expansion of the company's operations into the European market.

Strategic Expansion Initiative

The establishment of this Swiss unit demonstrates IFB Industries' commitment to strengthening its international presence through its subsidiary network. GAAL's launch of Schmid Automotive & Appliances GmbH positions the company to serve the European automotive and appliances market more effectively.

This expansion aligns with the company's broader strategy of establishing specialized units in key international markets. The Swiss location provides strategic advantages for serving European customers and accessing regional supply chains in the automotive and appliances sectors.