Indiabulls Enterprises Limited (IEL) held a significant board meeting on July 25, 2025, making several key decisions that could shape the company's future direction. The meeting, which lasted from 4:30 PM to 5:30 PM, addressed important matters including financial results approval and changes in leadership.

Q1 Financial Results Approved

The board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These results, reviewed by the company's statutory auditors M/s Agarwal Prakash & Co., Chartered Accountants, will be published in newspapers as per regulatory requirements.

Leadership Changes

New Executive Director Appointed

In a significant move, the board recommended the appointment of Mr. Riyaz Javed Khan as Whole-time Director and Key Managerial Personnel, designated as Executive Director. Mr. Khan's appointment, subject to shareholder approval at the upcoming 7th Annual General Meeting, is for a five-year term effective July 25, 2025.

Mr. Khan, 41, brings a wealth of experience to his new role:

• Mechanical Engineer with a Diploma in HVAC
• 20 years of experience in managing high-value infrastructure and industrial assets
• 14-year tenure with the Indiabulls Group in diverse roles
• Expertise in project planning, plant & machinery operations, and facility management services

Resignation of Previous Executive Director

Mr. Vijay Kumar Agrawal, the previous Whole-Time Director & Key Managerial Personnel designated as Executive Director, has resigned from the board due to personal reasons, effective July 25, 2025.

New Secretarial Auditor

The board also recommended the appointment of M/s. Sukesh & Co., Practicing Company Secretaries, as the company's Secretarial Auditor. This appointment, pending shareholder approval, is for a three-year term covering fiscal years 2025-26 to 2027-28.

M/s. Sukesh & Co. brings to the table:

• Expertise in Corporate Laws, Foreign Exchange Laws, FEMA matters, EXIM Policies, and SEBI Regulations
• Experience in Non-Banking Finance (NBFC) matters, Compliance Audit, and Secretarial Audit
• A network of connections with reputed Chartered Accountants and Legal professionals

Looking Ahead

These decisions, particularly the leadership change and the approval of the latest financial results, mark a significant moment for Indiabulls Enterprises Limited. As the company moves forward with a new Executive Director at the helm, shareholders and market watchers will be keen to see how these changes influence the company's strategy and performance in the coming quarters.

The upcoming 7th Annual General Meeting will be a crucial event, where shareholders will have the opportunity to approve these board recommendations and potentially shape the future direction of the company.

Indiabulls Enterprises Limited (IEL) has announced significant changes in its leadership and approved its financial results for the first quarter of the fiscal year 2025-26. The company's Board of Directors made these decisions during a meeting held on July 25, 2025.

Financial Results Approval

The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These results, along with Limited Review Reports issued by M/s Agarwal Prakash & Co., Chartered Accountants, the company's Statutory Auditors, will be published in newspapers as per regulatory requirements.

Leadership Changes

New Executive Director Appointment

In a key leadership change, the Board has recommended the appointment of Mr. Riyaz Javed Khan as a Whole-time Director and Key Managerial Personnel, designated as Executive Director. Mr. Khan's appointment, subject to shareholder approval at the upcoming 7th Annual General Meeting, will be for a period of five years, effective July 25, 2025.

Mr. Khan, aged 41, brings a wealth of experience to his new role:

• Mechanical Engineer with a Diploma in HVAC
• 20 years of experience in managing high-value infrastructure and industrial assets
• 14 years of diverse roles within the Indiabulls Group
• Expertise in leading cross-functional teams for turnkey solutions in project planning, plant & machinery operations, and facility management services

It's worth noting that Mr. Khan does not hold any shares in the company and is not related to any other Director of Indiabulls Enterprises Limited.

Resignation of Previous Executive Director

Mr. Vijay Kumar Agrawal, the previous Whole-Time Director & Key Managerial Personnel designated as Executive Director, has resigned from the Board due to personal reasons, effective July 25, 2025.

Appointment of Secretarial Auditor

The Board has also recommended the appointment of M/s. Sukesh & Co., Practicing Company Secretaries, as the Secretarial Auditor of Indiabulls Enterprises Limited. This appointment, pending shareholder approval, will be for a period of three years, covering fiscal years 2025-26 to 2027-28.

M/s. Sukesh & Co. brings to the table:

• Rich industry experience in Corporate Laws, Foreign Exchange Laws, FEMA matters, EXIM Policies, SEBI Regulations, and Non-Banking Finance matters
• Expertise in Compliance Audit and Secretarial Audit
• A network of connections with reputed Chartered Accountants and Legal professionals

These changes and approvals reflect Indiabulls Enterprises Limited's commitment to maintaining strong corporate governance and adapting to evolving business needs. Shareholders will have the opportunity to vote on these recommendations at the upcoming Annual General Meeting.