IFCI Limited (IFCI), a Government of India undertaking, has announced a significant change in its board composition. The company has appointed Shailesh Kumar as a new Director, following a nomination by the Government of India.

Key Details of the Appointment

• New Director: Shailesh Kumar, Deputy Secretary at the Department of Financial Services, Ministry of Finance
• Effective Date: July 29, 2025
• Replacing: Surjith Karthikeyan, who ceased to be a Director on the same date
• Appointment Basis: Nominated under Article 124(i) of IFCI's Articles of Association

Government Nomination and Transition

The appointment comes as a result of a directive from the Government of India, specifically the Ministry of Finance's Department of Financial Services. The nomination was made through a letter dated July 24, 2025, and received by IFCI on July 29, 2025.

Immediate Effect and Tenure

Shailesh Kumar's appointment is effective immediately from July 29, 2025, and will continue until further orders from the government. This swift transition ensures continuity in the company's governance structure.

Regulatory Compliance

IFCI Limited has promptly disclosed this change in directorship in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. This transparency aligns with the company's commitment to keeping shareholders and the market informed of significant corporate developments.

About IFCI Limited

IFCI Limited, established in 1948, is one of India's oldest financial institutions. As a government undertaking, it plays a crucial role in the country's financial landscape, focusing on infrastructure financing and development-oriented activities.

This change in directorship represents the government's ongoing involvement in IFCI's governance and may bring fresh perspectives to the company's strategic direction.

IFCI Limited , a prominent financial institution in India, has reported a significant increase in its net profit for the first quarter of the fiscal year. The company's performance shows a remarkable improvement compared to the same period last year.

Financial Highlights

• Net Profit: IFCI's net profit for Q1 stood at ₹260.4 crore, marking a substantial increase of 65.54% compared to ₹157.3 crore in the same quarter of the previous year.
• Revenue: The company reported a revenue of ₹415.9 crore for the quarter.
• EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) reached ₹494.5 crore, showing a significant improvement of 11.42% from ₹443.8 crore in the corresponding quarter last year.
• Operating Profit: IFCI's operating profit saw a remarkable increase to ₹492.2 crore, up by 46.18% from ₹336.7 crore in the same period last year.
• Earnings Per Share (EPS): The company's EPS for the quarter was ₹0.87, representing a substantial growth of 61.11% from ₹0.54 in the previous year's corresponding quarter.

Operational Performance

IFCI has demonstrated strong operational efficiency in the first quarter. The company's Operating Profit Margin (OPM) improved significantly to 118.99%, up from 55.62% in the same quarter last year, indicating better cost management and operational effectiveness.

Key Financial Metrics

Market Position

It's worth noting that IFCI and its unit collectively hold a 5% stake in the National Stock Exchange (NSE), which recently reported a net profit of ₹29 billion in Q1, up from ₹26 billion in the same period last year. This investment may contribute positively to IFCI's overall financial position.

Outlook

The substantial increase in net profit and improved operational metrics suggest that IFCI is on a positive growth trajectory. The company's ability to enhance its profitability despite a slight decrease in revenue demonstrates effective cost management and operational optimization.

As IFCI continues to navigate the dynamic financial landscape, investors and stakeholders will be keenly watching its performance in the coming quarters to see if this upward trend can be sustained.