The Rs. 49.14 crore Rights Issue of IFL Enterprises Limited (BSE – 540377), has engaged in the agri commodity business including import, export and trading of agri commodities, will open for subscription on June 19, 2025 and remain open till June 30, 2025. The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company. Board of directors in the meeting held on June 9 2025 considered and approved the rights issue. Earlier, 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.
The Rights Issue comprises 49,14,76,620 fully paid-up Equity Shares of face value Rs. 1 each, aggregating to Rs. 49.14 crore. This capital raise follows the company’s strategic direction under newly appointed Managing Director Mr. Abhishek Pratap kumar Thakkar, aimed at enhancing operational efficiency and expanding service capabilities. For the financial year that ended March 2025, company achieved revenue from operations of Rs. 120.60 crore, over 13 fold rise as compared to the revenue of Rs. 8.24 crore in the FY 2023-24. Net profit also rose to Rs. 2.99 crores for the FY25, compared to Rs. 84.5 lakh in FY24, a 254% Y-o-Y growth.