IFB Agro Industries Limited — Others, 31-07-2025: Shareholders meeting

At its 43rd Annual General Meeting, shareholders approved the audited financial results for the last fiscal year, re-appointed Mr. Arup Kumar Banerjee as Director and Executive Vice Chairman, and appointed M/s. LABH & LABH Associates as Secretarial Auditor. All resolutions were passed with the necessary majority. The company noted improved performance despite challenges in its distillery and Indian Made Liquor segments, impacted by rising raw material costs and "illegal interference" by Excise Authorities. A key strategic approval was the acquisition of Cargill's commercial shrimp and fish feed business, which has an annual turnover of Rs 353 Cr. This acquisition is crucial for expanding the feed business and leveraging existing capacities for future growth.