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

IFL ENTERPRISES LIMITED

CIN: L74110GJ2009PLC151201

Registered Office: Office No. 412, 4th floor Shilp Zaveri, Samruddhi Soc., Nr. Shyamal cross

Road, Satellite, Ahmedabad-380015

Tel: 7990080239; e-mail id: Iflenterprice3@gmail.com

Website: www. ifllimited.com

To, Date: 09th June, 2025

BSE Limited

Department of Corporate Services,

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai- 400001

Scrip Code: 540377

Symbol: IFL

ISIN: INE714U01024

Subject: Outcome of the Meeting of Board of Directors of IFL Enterprises Limited held on Monday, 09th

June, 2025 under Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations 2015

Dear Sir/Ma’am,

In Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015, This is to inform that Board of Directors of the IFL Enterprises Limited in its meeting held on

Monday, 09th June, 2025, at the Registered office of the Company situated at Office No. 412, 4th floor Shilp

Zaveri, Samruddhi Soc., Nr. Shyamal cross Road, Satellite, Ahmedabad, 380015 has inter alia considered and

approved the following items:

1. To approve the terms of the proposed rights issue

Pursuant to the approval of Board of directors of the company on 30th December, 2024 and Draft Letter of

Offer dated 07th March, 2025 submitted for obtaining ‘In Principle Approval’ for proposed Right Issue of up

to Rs. 50.00 Crores (Rupees Fifty Crores) and ‘In Principle Approval’ received from BSE Limited vide its

letter bearing No. LOD/RIGHT/KS/FIP/213/2025-26 dated May 19th, 2025.

S. No. Particulars Details

1 Fixing of Record Date June 13th, 2025

for the purpose of determining the shareholders

entitled for Rights Issue (“Eligible Equity

Shareholders”)

2 Finalization of the issue Schedule Rights Issue Opening

Date

Thursday, June 19th,

2025

Last Date for on Market

Renunciation of Rights

Entitlement *

Tuesday, June 24th,

2025

Right Issue

Closing Date**

Monday, June 30th,

2025

*Eligible Equity Shareholders are requested to

ensure that renunciation through off-market transfer

is completed in such a manner that the Rights

Entitlements are credited to the demat account of the

Renouncees on or prior to the Issue Closing Date.

**Our Board or a duly authorized Right Issue

committee thereof will have the right to extend the

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IFL ENTERPRISES LIMITED

CIN: L74110GJ2009PLC151201

Registered Office: Office No. 412, 4th floor Shilp Zaveri, Samruddhi Soc., Nr. Shyamal cross

Road, Satellite, Ahmedabad-380015

Tel: 7990080239; e-mail id: Iflenterprice3@gmail.com

Website: www. ifllimited.com

The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue and fractional

entitlements will be specified in the Letter of Offer which will be filed by the Company with BSE Limited

(“BSE”) and with Securities and Exchange Board of India (“SEBI”) for record purpose only.

2. Change in Designation of Mr. Sarang Dinesh Likhitkar (DIN: 10986050) from Managing Director to

Non-Executive Director on Board of Directors of ‘IFL Enterprises Limited’ effective from June 09,

2025 (Attached herewith as Annexure A).

3. Appointment of Mr. Abhishek Pratapkumar Thakkar (DIN: 02681513) as the Managing Director of the

Company designated as “Managing Director under the Companies Act, 2013 and SEBI Listing Regulations,

for a period of 5 (five) years, subject to approval of the shareholders of the Company at the ensuing general

meeting of the Company.

The Meeting of the Board of Directors commenced at 04:30 P.M. and concluded at 05:10 P.M

You are requested to kindly take the above on your records.

Thanking you,

For and on behalf of

IFL Enterprises Limited

Meet Sureshbhai Chhatrala

Director

DIN: 10778872

Issue period as it may determine from time to time,

provided that this Issue will not remain open in excess

of 30 days from the Issue Opening Date (inclusive of

the Issue Opening Date). Further, no withdrawal of

Application shall be permitted by any Applicant after

the Issue Closing Date.

3 Total number of Equity Shares and

Rights Issue size:

49,14,76,620 Fully paid-up Equity Shares of face

value of Rs. 1.00/- each aggregating upto INR

4914.76 Lakhs. _________________

4 Signing of various Agreements with

intermediaries

09th June, 2025

5 Rights Issue Price: INR 1.00/- per share

6 Rights entitlement ratio 60 (Sixty)rights equity share(s) for every 91 (Ninety-

One) fully paid-up Equity Share held by the eligible

shareholders as on the Record Date.

7 Other terms of the Rights Issue

(including renunciation):

To be included in the Letter of Offer to be filed by the

Company with BSE Limited

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IFL ENTERPRISES LIMITED

CIN: L74110GJ2009PLC151201

Registered Office: Office No. 412, 4th floor Shilp Zaveri, Samruddhi Soc., Nr. Shyamal cross

Road, Satellite, Ahmedabad-380015

Tel: 7990080239; e-mail id: Iflenterprice3@gmail.com

Website: www. ifllimited.com

ANNEXURE- A

Details with respect to Regulation 30 read with Schedule III of the Listing Regulations, Master Circular No

SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, are as follows:

Sr. No. Particulars Details

1. Name of Director Mr. Sarang Dinesh Likhitkar

2. Reason for change viz.

appointment, resignation,

removal, death or otherwise

Change in Designation

3. DIN 10986050

4. Date of Appointment 09.06.2025

5. Brief Profile (in case of

appointment)

Creative and result-driven brand Corporate

Event Org./Manager with 12 yrs. of experience in

developing and executing successful Brands /

Products Campaigns. Passionate about driving

growth and engagement through innovative

Brand Promotion Strategies and building Strong

relationship with key partners.

6. Disclosure of relationship

between directors (in case of

appointment of director)

Not Applicable

7. Whether director is debarred

from holding the office of

Director by virtue of SEBI order

Not Applicable

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IFL ENTERPRISES LIMITED

CIN: L74110GJ2009PLC151201

Registered Office: Office No. 412, 4th floor Shilp Zaveri, Samruddhi Soc., Nr. Shyamal cross

Road, Satellite, Ahmedabad-380015

Tel: 7990080239; e-mail id: Iflenterprice3@gmail.com

Website: www. ifllimited.com

ANNEXURE- B

Details with respect to Regulation 30 read with Schedule III of the Listing Regulations, Master Circular No

SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, are as follows:

Sr. No. Particulars Details

1. Name of Director Mr. Abhishek Pratapkumar Thakkar

2. Reason for change viz.

appointment, resignation,

removal, death or otherwise

Appointment

3. DIN 02681513

4. Date of Appointment 09.06.2025

5. Brief Profile (in case of

appointment)

Abhishek Pratap Kumar Thakkar unique

combination of a B. Com degree and hands-on

experience in financial management and personal

business has positioned him as a well-rounded

professional. His expertise in finance, paired with

his entrepreneurial experience, allows him to

offer valuable insights and strategies to

businesses seeking growth and stability.

6. Disclosure of relationship

between directors (in case of

appointment of director)

Not Applicable

7. Whether director is debarred

from holding the office of

Director by virtue of SEBI order

Not Applicable

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