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.

IFB Industries Limited has expanded its international presence through the formation of a new subsidiary in Switzerland. The company informed stock exchanges on December 12, 2025, about this strategic development under Regulation 30 of SEBI listing obligations.

Subsidiary Formation Details

Global Automotive Appliances Pte. Ltd. (GAAL), a wholly-owned subsidiary of IFB Industries Limited, has established Schmid Automotive Appliances GmbH as its wholly-owned subsidiary in Switzerland on December 10, 2025. The parent company received intimation of this formation on December 12, 2025, and has duly informed the Asian Development Bank and Reserve Bank of India about this development.

Business Objectives and Strategic Purpose

Schmid Automotive Appliances GmbH has been incorporated as a step-down subsidiary of GAAL to carry out specialized engineering activities. The subsidiary will focus on design and drawing services, planning and development of machine tools, and fine blanking tool development to augment the engineering capabilities of the parent company.

The subsidiary operates in the automotive and appliances industry, aligning with IFB Industries' core business segments. As a newly incorporated entity, Schmid Automotive Appliances GmbH is yet to commence business operations and currently reports no turnover.

Regulatory Compliance and Disclosure

The formation does not fall within related party transactions, and no promoter or group companies have any interest in the newly established entity. The subsidiary formation does not require specific governmental or regulatory approvals beyond standard incorporation procedures. IFB Industries has fulfilled all disclosure requirements under SEBI regulations and informed relevant banking authorities about this international expansion.

This strategic move represents IFB Industries' continued focus on strengthening its engineering capabilities through international subsidiaries, particularly in specialized manufacturing and tool development sectors.