IFL Enterprises Limited has announced a key board change with the resignation of one of its Non-Executive Independent Directors. The company informed BSE Limited about this development in compliance with regulatory requirements under SEBI Listing Regulations.

Director Resignation Details

Mrs. Dimpleben Arajanbhai Makwana (DIN: 10745925) has tendered her resignation as Non-Executive Independent Director of the company. The resignation became effective from the close of business hours on December 13, 2025.

Regulatory Compliance

The resignation was communicated pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) 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.

Mrs. Makwana confirmed in her resignation letter that there are no material reasons for her resignation other than those mentioned, specifically citing preoccupation with other matters as the primary reason for her decision.

Board Acknowledgment

The Board of Directors has formally noted the resignation and placed on record its sincere appreciation for the contribution made by Mrs. Dimpleben Arajanbhai Makwana during her tenure as a Board Member with the company. The resignation letter was submitted with immediate effect from December 13, 2025.

Company Information

IFL Enterprises Limited operates with CIN: L74110GJ2009PLC151201 and maintains its registered office at Office No. 412, 4th Floor Shilp Zaveri, Samruddhi Soc., NR. Shyamal Cross Road, Satellite, Ahmedabad-380015. The company trades on BSE with scrip code 540377 and symbol IFL, with ISIN INE714U01024.

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.