IFL Enterprises Limited has announced the resignation of Meet Sureshbhai Chhatrala from his position as Executive Director, effective from the close of business hours on December 13, 2025. The company informed BSE Limited about this development in compliance with Regulation 30 of the SEBI Listing Regulations, 2015.

Resignation Details

The key details of the executive departure are outlined below:

Official Communication

In his resignation letter dated December 13, 2025, Chhatrala formally tendered his resignation from the position of Executive Director with immediate effect. The resignation letter was addressed to the Board of Directors at the company's registered office in Ahmedabad, Gujarat. He requested the company to acknowledge receipt of his resignation and arrange to submit the necessary forms with the office of the Registrar of Companies.

Board Response

The Board of Directors of IFL Enterprises Limited has noted the resignation and placed on record its appreciation for the contribution made by Meet Sureshbhai Chhatrala during his tenure as a Board Member with the company. The company has confirmed that Chhatrala provided confirmation that there are no material reasons for his resignation other than those mentioned in his resignation letter.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company has provided all relevant details as required under the regulatory framework, including confirmation that the resigning director does not hold directorships in any other listed entities.

IFL Enterprises Limited has announced the appointment of Mr. Ashish Jashvantbhai Shukla as Additional Executive Director, effective December 13, 2025. The appointment was approved through a board resolution passed during a meeting held on December 13, 2025, following recommendations from the Nomination and Remuneration Committee.

Director Appointment Details

The board has formally appointed Mr. Ashish Jashvantbhai Shukla to strengthen its executive leadership structure. The appointment is subject to shareholder approval as per regulatory requirements.

Professional Background

Mr. Ashish Jashvantbhai Shukla brings valuable qualifications to his new role as Additional Executive Director. He is a commerce graduate with a strong academic background from Gujarat University, contributing analytical thinking, financial understanding, and disciplined professionalism to the company's leadership team.

Regulatory Compliance

The appointment has been made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The company has formally communicated this development to BSE Limited with all required disclosures.

Mr. Shukla has been declared free from any debarment orders by SEBI or other regulatory authorities, meeting all requirements for the directorship position. The appointment reflects IFL Enterprises' commitment to strengthening its board composition with qualified professionals who can contribute to strategic decision-making and corporate governance.