IFL Enterprises Limited has announced significant changes to its leadership and corporate governance structure following a board meeting held on September 8, 2025. The company, which specializes in trading paper products and securities, has made key appointments and set the stage for its upcoming Annual General Meeting (AGM).

New Leadership Appointments

The Board of Directors has appointed Mr. Didawala Akshay Kumar Shailendra as an Additional Director in the capacity of Managing Director and Chief Financial Officer (CFO) of the company. Mr. Shailendra brings over three years of experience as a Commission Agent at the Agriculture Produce Market Committee (APMC), with expertise in agricultural commodity trading and market operations.

Annual General Meeting Preparations

IFL Enterprises has approved the notice for its 16th AGM, along with the Director's Report and accompanying annexures for the financial year ended March 31, 2025. The company has also appointed M/s. Amit Saxena & Associates, Practicing Company Secretaries, as the scrutinizer for the remote e-voting process to be conducted for the upcoming AGM.

Corporate Governance Enhancement

In a move to strengthen its corporate governance practices, the Board has approved the appointment of M/s. Divya Mohta & Associates as the Secretarial Auditor for a term of five consecutive years, subject to shareholder approval at the AGM. This appointment covers the financial years from 2025-26 to 2029-30.

AGM Details

The 16th Annual General Meeting of IFL Enterprises Limited is scheduled to be held on Tuesday, September 30, 2025, at 1:30 P.M. (IST) through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company has set September 23, 2025, as the cut-off date for determining shareholder eligibility for e-voting.

E-Voting Information

Shareholders will have the opportunity to cast their votes electronically, with the remote e-voting period commencing on September 27, 2025, at 9:00 A.M. and concluding on September 29, 2025, at 5:00 P.M. The e-voting facility will be provided by Central Depository Services (India) Limited (CDSL).

IFL Enterprises Limited (BSE: 540377) has announced a significant change in its shareholding structure following approval from the BSE Limited for the reclassification of a key promoter.

Reclassification Details

The company received approval from BSE Limited on August 6, 2025, to reclassify Mr. Nishant Gandhi from the 'Promoter' category to the 'Public' category. This approval comes in response to an application submitted by IFL Enterprises on March 4, 2025, seeking the reclassification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The reclassification process adheres to the regulatory framework set by the Securities and Exchange Board of India (SEBI). IFL Enterprises Limited ensured compliance with the necessary procedures, including:

• Submission of the reclassification application to BSE Limited
• Obtaining approval from the stock exchange
• Timely disclosure of the reclassification to shareholders and the public

Impact on Shareholding Structure

This reclassification affects Mr. Nishant Gandhi's status within the company's shareholding structure. While previously categorized as a 'Promoter', Mr. Gandhi will now be classified under the 'Public' category. This change may have implications for the company's promoter holding percentage and public float.

Management Statement

Meet Sureshbhai Chhatrala, Director of IFL Enterprises Limited, confirmed the receipt of the approval letter from BSE Limited. The company has duly informed the stock exchange about this development, ensuring transparency in its corporate actions.

About IFL Enterprises Limited

IFL Enterprises Limited, with its registered office in Ahmedabad, Gujarat, is listed on the BSE with the scrip code 540377. The company operates under the CIN: L74110GJ2009PLC151201 and maintains its commitment to adhering to regulatory requirements and maintaining transparent communication with its stakeholders.

Investors and stakeholders are advised to take note of this change in the company's promoter structure. As always, it is recommended to conduct thorough research and consult financial advisors before making investment decisions based on corporate actions such as promoter reclassifications.