IFB Industries Limited – Board Appointment Update

Date: 28 March 2026
Announcement: Appointment of Mr. Arup Das as an Additional Executive Director (interim)

1. Overview

The Board of Directors approved the appointment of Mr. Arup Das (DIN: 08417965) as an Additional Director in the Executive Director category.
The appointment is interim, effective until a new Chief Executive Officer/Managing Director is appointed.
No debarment or regulatory restrictions apply.

Attribute	Details
Age	~64 years
Education	B.Sc. (Calcutta University), Bachelor of Engineering (AMIE), PGDBM (IBMR)
Experience	38+ years across marketing, sales, project & general management
IFB Tenure	Since 1992 – held senior roles in Heat Treatment, New Product Development, Supply Chain, Marketing & Sales
Current Role	President – M&A and New Projects
Relationship	No relation to existing directors

Continuity & Depth: An internal veteran reinforces board expertise, especially in M&A and new project development.
Governance: Appointment complies with SEBI (Listing Obligations & Disclosure Requirements) Regulation 30 and Schedule III; no conflicts of interest identified.
Growth Outlook: Enhanced focus on strategic acquisitions and project pipelines could translate into organic and inorganic growth opportunities.
No Immediate Financial Impact: The change does not affect the balance sheet, earnings, or cash flows in the short term.

Disclosure made under Regulation 30 of SEBI (LODR) 2015 and the SEBI Master Circular (Ref. SEBI/HO/CFD/PoD2/CIR/P/0155).
All required annexures submitted; the appointment is fully compliant.

Score: 7/10 (moderately positive).
Rationale: The appointment adds seasoned leadership without regulatory concerns, supporting IFB’s strategic initiatives, particularly in M&A. While the move is not a direct catalyst for earnings, it positions the company favorably for future growth.
Watch‑Points: Subsequent appointment of a permanent CEO/MD and any announced M&A activity.

Prepared by the Senior Finance Analyst – 28 March 2026