IFL Enterprises Ltd — Important, 19-11-2025: Company Update

IFL Enterprises board approved the financial results for the quarter and half-year. The company also appointed M/s. Chandabhoy & Jassoobhoy as its new statutory auditor, pending shareholder approval, following a partner's move. Significantly, the auditor issued a disclaimer of opinion on both standalone and consolidated financial results. This means they could not verify key figures due to insufficient documentation, including unconfirmed sales, purchases, inventory, receivables, payables, and loan agreements. Management acknowledged these issues and is addressing them to ensure financial transparency and proper record-keeping.