IFB Industries Limited Appoints Cost Auditor and Re-constitutes Key Committees
IFB Industries Limited announced several key corporate actions following its Board of Directors meeting held on May 25, 2026. The Board approved the appointment of a Cost Auditor for the 2026-27 financial year and re-constituted two important governance committees: the Risk Management Committee and the Project Review Committee.Cost Auditor Appointment
The Board considered and approved the appointment of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004) as the Cost Auditor for the company for the Financial Year 2026-27.The approved remuneration for the appointment is ₹ 9 lakhs (excluding taxes and out of pocket expenses), though this remuneration is subject to the approval of the shareholders.
For reference, M/s. Mani & Co. is registered with the Institute of Cost Accountant of India (ICAI) under Registration No. 000004. The firm brings over 50 years of experience to the role, possessing diversified expertise in areas such as Cost Audit, Costing System implementation, Cost Ascertainment Projects, and Special Cost Studies. The firm’s team includes 6 partners and over 15 associates, with Mr. Dinesh Sha, a partner, having over 40 years of experience practicing in the field.
Governance Committee Re-constitution
During the Board meeting, two crucial committees were re-constituted with the following memberships:Risk Management Committee
- Mr. Chacko Joseph - Chairman
- Mr. Desh Raj Dogra - Member
- Mr. Tarun Daga - Member
- Mr. Sandeep Abraham Joseph - Member
- Mr. Arup Das - Member
- Mr. Soumitra Goswami - Member
Project Review Committee
- Mr. Ashok Bhandari - Chairman
- Mr. Chacko Joseph - Member
- Mr. Sudip Banerjee - Member
- Mr. Subir Chakraborty - Member
- Mr. C.S. Govindaraj - Member
- Mr. Arup Das - Member
IFBIND Stock Price Movement
Today, IFB Industries Limited shares gained 1.04% to settle at ₹1052.2, closing higher on positive momentum. The stock finished the session with a total traded volume of 70,666 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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