IFL Enterprises Ltd — Updates, 09-06-2025: Company Update

IFL Enterprises Limited has announced a board meeting to approve a rights issue of up to Rs. 50 Cr, with shares offered at Rs. 1 each. The rights entitlement ratio is 60 shares for every 91 held, and the issue opens June 19 and closes June 30. The company also approved changing Mr. Sarang Dinesh Likhitkar’s designation from Managing Director to Non-Executive Director. Mr. Abhishek Pratapkumar Thakkar has been appointed as the new Managing Director for five years, subject to shareholder approval. These moves aim to strengthen leadership and raise capital for growth.