This is to inform that Board of Directors of the IFL Enterprises Limited in its meeting held on Monday, 09th June, 2025 as inter alia considered and approved the following items:\r\n\r\n1. To approve the terms of the proposed rights issue\r\n2. 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).\r\n3. 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.