Shareholders meeting

29th July, 2026 The Manager The Manager Department of Corporate Services The National Stock Exchange of India Ltd. BSE Limited, Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No-C/1, G Block, Dalal Street, Bandra Kurla Complex Mumbai- 400001 Mumbai - 400051 NSE Symbol: IFBIND | BSE Scrip Code: 505726 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Proceedings of the 50th Annual General Meeting Dear Sir, The 50th Annual General Meeting of the Company was held on Wednesday, 29th July, 2026 at 10:30 A.M. (IST) through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) in conformity with the applicable provisions of the Companies Act, 2013 and the Rules thereunder read with the Circulars issued by the Ministry of Corporate Affairs, Government of India. The Meeting commenced at 10:30 A.M. (IST) and concluded at 12:40 P. M. (IST). The Company also facilitated the live webcast of the proceedings of the meeting. In this regard we are enclosing the proceedings of the AGM pursuant to Regulation 30 of the SEBI LODR as Annexure-A. The above information will also be available on the website of the Company at www.ifbindustries.com. This is for your information and record. Yours Faithfully, For IFB INDUSTRIES LIMITED Ritesh Agarwal Company Secretary Annexure-A SUMMARY OF THE PROCEEDINGS OF THE 50TH ANNUAL GENERAL MEETING (50TH AGM) OF THE SHAREHOLDERS OF IFB INDUSTRIES LIMITED HELD ON WEDNESDAY, 29TH JULY, 2026 AT 10:30 A.M. THROUGH VIDEO CONFERENCING / OTHER AUDIO VISUAL MEANS Particulars Details Date of AGM Wednesday, 29th July, 2026 Total No. of Shareholders as on record As on cut-off date i.e. Wednesday 22nd July, 2026 date total no. of shareholders - 35734 No. of Shareholders attended the meeting either in person or through proxy: No arrangement for physical meeting or appointment of proxy was made as the meeting Promoters and Promoter Group: as the Meeting was held through VC/OAVM Public: No. of Shareholders attended the meeting through Video Conferencing Promoters and Promoter Group: 14 Public: 78 The 50th Annual General Meeting ('the Meeting') of IFB Industries Limited was held through Video Conferencing / Other Audio Visual Means (‘VC’) on Wednesday, 29th July, 2026 at 10:30 A.M. The meeting was conducted in accordance with the relevant Circulars issued by the Ministry of Corporate Affairs (‘MCA’) and the Securities Exchange Board of India (‘SEBI’) in this regard. The Company Secretary welcomed the Members to the 50th AGM and apprised them on certain procedural aspects pertaining to their participation at the meeting through VC/OAVM. He further informed that 92 (Ninety-two) Members attended the Meeting through VC (including representatives of Body Corporates). Mr. Bikramjit Nag, Chairman welcomed the shareholders to the Meeting and on requisite quorum being present, called the Meeting to order. He further informed that the Statutory Registers as required under the Act and other relevant documents referred to in Notice were available for their inspection in the electronic mode. The Chairman welcomed the Directors participated through VC and introduced them to the members. Mr. Chacko Joseph, Chairman of the 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 participated in the meeting. All the Directors participated the meeting except Mr. Saurav Adhikari, who had requested for leave of absence as he was present in another meeting of a listed entity at that time. The Chairman introduced to the members Mr Soumitra Goswami, Chief Financial Officer of the Company. He also informed the Members that Mr. Rajiv Goyal, Partner of M/s. Price Waterhouse & Co Chartered Accountants LLP, Chartered Accountants, Statutory Auditors and Mr. S. K. Patnaik, partner of Patnaik & Patnaik, Company Secretaries, Secretarial Auditors (also acting as Scrutinizers for the e-voting) and Mr. Dinesh Sha, Partner of M/s. Mani & Co., Cost Accountants, Cost Auditors, were also present at the Meeting. The Chairman thanked all the Directors, KMPs, Auditors present at the meeting. The Chairman remembered the founder Late Bijon Nag and spoke about his vision, principles and legacy and paid him a tribute. He also remembered and paid tribute to remarkable individuals viz. Late D.K. Bhattacharya, Late M.V. Subbaraman and Late Inder Walia who all passed away since last AGM. The Chairman then briefed the Members about Company’s progress and discussed about each division and their performance. He briefed the members on the Company's performance for the Financial Year 2025-26. The Chairman briefed the members about the projects undertaken during the year 2025-26 and the new projects under evaluation for the year 2026-27. He also informed that the Outlook for the FY 2026-27 remained positive and that the management is optimistic that the geopolitical tensions will ease to facilitate the free movement of goods across international markets and will support the smooth functioning of global supply chains. With the consent of the Members participated, the Notice convening the AGM, the Statutory Auditor's Report and Secretarial Audit Report for the year ended 31st March, 2026 were taken as read. There were no qualifications, observations or adverse remarks in the Auditor's Reports. In terms of the Notice dated 25th May, 2026 convening the 50th AGM of the Company, the following Ordinary and Special businesses were transacted at the Meeting through e-voting. Mr. S. K. Patnaik, partner of M/s. Patnaik and Patnaik, Company Secretaries was appointed as the scrutinizer to scrutinize the e-voting process conducted prior and during the AGM in a fair and transparent manner. Ordinary Business: 1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended 31st March, 2026, including the audited Balance Sheet as at 31st March, 2026, the Statement of Profit and Loss for the year ended on that date and the reports of the Board of Directors and Auditors thereon. 2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the year ended 31st March, 2026 and the Report of the Auditors thereon. 3. To appoint a Director in place of Mr. Collegal Srinivasan Govindaraj (DIN: 10149022), who retires by rotation and being eligible, offers himself for re-appointment as a Director. 4. To appoint a Director in place of Mr. Sudip Banerjee (DIN: 05245757), who retires by rotation and being eligible, offers himself for re-appointment as a Director. Special Business: 5. To ratify the remuneration of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004), Cost Auditors for the financial year ending 31st March, 2027. Members present at the Meeting were given an opportunity to ask questions and seek clarification(s). The Chairman responded to all the questions raised by Speaker Shareholders. The Chairman informed the Members that the consolidated voting results will be disseminated to the Stock Exchanges on which the Company's shares are listed and will also be made available on the website of the Company at www.ifbindustries.com and the National Securities Depository Limited at www.evoting@nsdl.com within two working days from the conclusion of the Meeting. The Chairman authorised the Company Secretary to declare the Voting Results and to inform the BSE Ltd and National Stock Excha [Showing first 8,000 characters — download PDF for full document]