Shareholders meeting

HHilI3 A G R o ffil Agro Industries Limited Plot No. : IND-5, Scctor -l East Kolkata Torvnship, Kolkata - 700 107 Plronc : 033-39849675 Wcbsitc : rvrvrv.ifbagro.in E-m:ril : corrr plianccilbagro@ifbglobal.cottt CIN : L0l {09WBl 982PLC03{590 29&1uly,2026 The Manager The Secretary, National Stock Exchange of India Ltd. BSE Ltd, Listing Department Phiroze Jeejebhoy Towers Exchange Plaza, 5th fl oor Dalal Street, Plot No. C/I,G. Block Mumbai-400001 Bandra Kurla Complex, Bandra (E) Scrip ID: 507438 Mumbai - 400 051 Stock Code: IFBAGRO Dear Sir, Sub : Disclosure under Regulation 30 of SEBI (LODR) Regulation 2015. We enclose, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20L5 ('Listing Regulations'), a summary of the proceedings of the 44rH Annual General Meeting ['AGM') of the Company held on Wednesday,zgt, luly, 2026 at L2.30 p.m and concluded at 2.00 p.m through Video Conferencing ['VC')/Other Audio Video Means ('OAVM'). We are also enclosing the report of the Scrutinizer on remote e-voting and e-voting during the AGM and the Voting Results in the prescribed format in terms of Regulation 44(3) of the Listing Regulations. The same is uploaded in Company's website i.e www.ifbagro.in. This is for your kind information and records. Thanking you, Yours faithfully FOT IFB AGRO INDUSTRIES LIMITED Kuntal Roy Company Secretary ,ll,,ii;,u1i:;1 l\ r! .l l;il t t; nill Agro Industries Lirnited Plot No. : IND-5, Scctor -l East Kolkata Torvnship, Kolkata - 700 107 Plronc: 033-39849675 Wcbsitc : rvrvrv.i fu agro.in E-nr rriI : corn plianccilbagro@ifbgloba l.corrt CI N : L0l {09WI} I 982PLC03{590 SUMMARY OF THE PROCEEDINGS OF THE 44th ANNUAL GENERAL MEETING ('AGM') OF THE SHAREHOTDERS OF IFB AGRO INDUSTRIES LIMITED HELD ON WEDNESDAY. IULY 29. 2026 AT 12.30 p.M. (IST) THROUGH VrpEO CONFERENCING ('VC',)/ OTHER AUpIO-VISUAI MEANS ('OAVM'). The 44th Annual General Meeting ['AGM') of the Shareholders of IFB Agro Industries Limited ('the Company') was duly convened on Wednesday, July 29,2026 at 12.30 p.m. (lST) through Video Conferencing(VC')/ Other Audio-Visual Means ['OAVM') to transact the business as stated in the Notice dated May 28,2026, convening the AGM. Since the Meeting was conducted in accordance with the circulars issued by the Ministry of Corporate Affairs ('MCA') and the Securities and Exchange Board of India ('SEBI') physical attendance of Members was dispensed with. Accordingly, the Members were informed that the requirement of appointing proxies was not applicable. Mr, Kuntal Roy, Company Secretary welcomed the Members to the AGM and briefed them on process relating to their participation at the Meeting through audio-visual means. Mr. Bikramjit Nag, Chairman of the Company chaired the meeting. He welcomed the shareholders to the Meeting and on requisite quorum being present, called the Meeting to order. Total number of shareholders attended AGM through NSDL e-voting platform are 83. He also mentioned about the enduring legacy of the Company's Founder and Chairman, Mr. Bijon Bhushan Nag, who passed away on 28th fanuary 2024 in Singapore, where he had been undergoing treatment since July 2023. Over the past year, the Company focussed on strengthening its foundation, enhancing resilience, and moving forward with renewed commitment to the values, vision and principles which was established by him. The Chairman introduced the Directors namely Mr. Arup Kumar Banerjee, Executive Vice Chairman, Mr. Sanjoy Dutta, Dr. Janardan Anna Gore, Mr. Malay Kumar Das, Dr. Runu Chakraborty, Independent Directors, Mr. Rahul Choudhary, ED & CFO, Mr. Santanu Ghosh, ED-Operations & CEO- Distillery Business. The respective Chairman/Chairperson of the Audit Committee, Stakeholders Relationship Committee and Nomination and Remuneration Committee etc., were also present at the AGM. The Chairman welcomed all the Directors present and introduced them to the Shareholders. He also informed the shareholders that, Mr. Vikram Dhanania, [Partner of MSI(A & Associates LLP), Statutory Auditors, Mr. A.K. Labh, Partner of M/s Labh & Labh Associates, Company Secretaries, SecretarialAuditors and, Scrutinizers for the remote e-voting and the e-voting during the meeting of the AGM, were present at the Meeting through VC from their respective locations. The Registers as required under the Companies Act, 2013 were available for inspection during the duration of the meeting. Shareholders who were present at the meeting and had not casted their votes through remote e-voting were provided an opportunity to cast their votes at the end of the meeting through electronic means. ilrlI AGRO With the consent of the Shareholders present, the Notice convening the AGM for the year ended March 3'J,,2026 were taken as read. The Chairman also informed that the Auditors Report for the year 2025-26 is unmodified, the report may be taken as read and there was no qualification, observation or adverse remarks in the SecretarialAuditor's Reports. Mr. Bikramjit Nag, then explained the Company's performance for the financial year 2025-26, strategic plans and future outlook. He informed that the business performance improved during FY 2025-26 compared to the previous year, however the business continued to operate in a challenging environment marked by intense competition. It was informed that distillery margins were impacted due to stiff price cut of the ENA and Ordinary Denatured Spirit ['ODS'), notwithstanding a marginal drop in raw material prices owing to the supply of FCI rice to dedicated ethanol manufacturers. Margins also declined as the price of by-products Distiller's Dried Grains with Soluble ['DDGS') and Carbon di-oxide ICO2) have decreased due to excess supply by these ethanol plants. Operations at the distillery were affected by intermittent stoppage of production due to high stoch as customers were reluctant to lift the material due to the illegal methods adopted bythe State Excise authorities. Numerous letters were written to the then Excise Commissioner and the then Hon'ble Chief Minister to stop this. The Chairman further informed that the newly set up 25 KLPD Ethanol plant at the distillery was successfully commissioned during the year. But the sale of Ethanol will start in the FY 26-27 once new tenders are floated by the Oil and marketing companies. It was further informed that the Indian Made Liquor flML) industry in Bengal witnessed a nominal growth of 3o/o during the last 2years,as there has been frequent increase in the prices of the product by the Excise Department, Effective December 01,2025,there was again an increase in the excise duty leading to further increase in the prices. This abnormal price increase has forced the people belonging to lower economic strata to shift towards the smaller pack sizes. The illegal interference of the Excise Authorities at the District level continued, threatening to retailers of dire consequences and forcing the retailers, not to lift the IFB branded product. The Company had made various representation to the Excise Commissioner, West Bengal informing such illegal activities by his department both in Distillery and IML, with a request to stop such activities. Action from the Excise Commissioner in this respect has been pending since 2020. Further, it was stated that under the new regime, the Company has submitted representations to the Chief Secretary seeking independent enquiry and necessary action against the concerned Excise officials, including the then Excise Commissioners involved. He added that no such issues with the Excise Department persist under the new regime. The Management, in order to pursue the dream of Founder Chairman for exponential growth, made a strategic entry into the aquaculture feed segment by acquisition of commercial compound shrimp feed and freshwater fish feed business in India, from Cargill India Private Limited. This business, with an annual turnover of Rs. 353 crore as on 31st M [Showing first 8,000 characters — download PDF for full document]