Meeting Details

  • Date: Wednesday, 29th July, 2026
  • Time: Commenced at 10:30 A.M. (IST) and concluded at 12:40 P.M. (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Type: Annual General Meeting
  • Total Shareholders on record date: 35,734 (as of cut-off date Wednesday, 22nd July, 2026)

Attendance Details

  • Total shareholders attended: 92 members
  • Promoters and Promoter Group attended: 14 members
  • Public shareholders attended: 78 members
  • No physical meeting or proxy arrangement was made as the meeting was conducted entirely through VC/OAVM
  • The meeting was webcast live

Resolutions Considered

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for year ended 31st March, 2026, including Balance Sheet, Statement of Profit and Loss, and reports of Board of Directors and Auditors

2. Adoption of Audited Consolidated Financial Statements for year ended 31st March, 2026 and Report of Auditors

3. Re-appointment of Mr. Collegal Srinivasan Govindaraj (DIN: 10149022) who retires by rotation

4. Re-appointment of Mr. Sudip Banerjee (DIN: 05245757) who retires by rotation

Special Business

5. Ratification of remuneration of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004) as Cost Auditors for financial year ending 31st March, 2027

Voting Process

  • E-voting was conducted prior to and during the AGM
  • Mr. S. K. Patnaik, partner of M/s. Patnaik and Patnaik, Company Secretaries was appointed as scrutinizer
  • The scrutinizer was responsible for scrutinizing the e-voting process in a fair and transparent manner
  • E-voting facility remained open for 15 minutes after the meeting concluded

Voting Outcomes

  • All resolutions were passed with requisite majority
  • Consolidated voting results were to be disseminated to stock exchanges within two working days from meeting conclusion
  • Results were to be made available on company website (www.ifbindustries.com) and NSDL website (www.evoting@nsdl.com)

Compliance and Legal Framework

  • Meeting conducted in conformity with provisions of Companies Act, 2013 and Rules thereunder
  • Conducted in accordance with Circulars issued by Ministry of Corporate Affairs, Government of India and SEBI
  • Statutory Registers and relevant documents referred to in Notice were available for electronic inspection

Attendees

Directors Present

  • Mr. Bikramjit Nag (Chairman)
  • Mr. Chacko Joseph (Chairman of Audit Committee and Risk Management Committee)
  • Mr. Desh Raj Dogra (Chairman of Nomination and Remuneration Committee)
  • Mr. Ashok Bhandari (Chairman of Stakeholders Relationship Committee)
  • Mr. Sandeep Joseph Abraham (Managing Director - HAD)
  • Mr. Sudip Banerjee (Non-Executive Director)
  • Mr. Amar Singh Negi (Executive Director)
  • Mr. C.S. Govindaraj (Executive Director- Manufacturing - HAD)
  • Mrs. Sreedevi Pillai (Independent Director)
  • Mr. Subir Chakraborty (Independent Director)
  • Mr. Tarun Kumar Daga (Independent Director)
  • Mr. Manoj Kumar Vijay (Independent Director)
  • Mr. Arup Das (Executive Director – Engineering Division)

Absent Director

  • Mr. Saurav Adhikari (requested leave of absence due to another listed entity meeting)

Other Attendees

  • Mr. Soumitra Goswami (Chief Financial Officer)
  • Mr. Rajiv Goyal (Partner of Price Waterhouse & Co Chartered Accountants LLP, Statutory Auditors)
  • Mr. S. K. Patnaik (Partner of Patnaik & Patnaik, Company Secretaries, Secretarial Auditors and Scrutinizer)
  • Mr. Dinesh Sha (Partner of M/s. Mani & Co., Cost Accountants, Cost Auditors)

Additional Proceedings

  • Chairman paid tribute to founder Late Bijon Nag and his vision, principles and legacy
  • Remembered Late D.K. Bhattacharya, Late M.V. Subbaraman and Late Inder Walia who passed away since last AGM
  • Chairman briefed members on company's progress, division-wise performance, and FY 2025-26 performance
  • Discussed projects undertaken during 2025-26 and new projects under evaluation for 2026-27
  • Outlook for FY 2026-27 remained positive with management optimistic about easing geopolitical tensions facilitating free movement of goods
  • No qualifications, observations or adverse remarks in Auditor's Reports
  • Members were given opportunity to ask questions and seek clarifications, with Chairman responding to all questions