IFB Industries Limited has announced the sad and untimely demise of its Non-Executive Director, Mr. Ashok Bhandari (DIN: 00012210), on 3rd August, 2026. As a consequence of his passing, Mr. Bhandari has ceased to be a Director on the Board and any committees of the Company. The company expressed that his unexpected demise is an irreparable loss and conveyed condolences to his family.
Intimation of Director’s Demise
IFB Industries Limited has regretfully informed stakeholders about the passing of Mr. Ashok Bhandari, a Non-Executive Director of the Company. Mr. Bhandari’s demise occurred on 3rd August, 2026. This unfortunate event marks a significant moment for the company’s leadership structure.
Board and Committee Cessation
Following Mr. Bhandari’s passing, he has consequently ceased to hold his position as a Director on the Board of Directors of IFB Industries Limited. He has also stepped down from all other Committee(s) of the Board, effective from the date of his demise. The company has formally acknowledged this change in its governance composition.
Expression of Condolences
The Board of Directors and all employees of IFB Industries Limited have expressed their deep sorrow over Mr. Bhandari’s unexpected passing. The company stated that his demise will be an irreparable loss and extended heartfelt condolences to his family members during this difficult time. The detailed information, as required under SEBI LODR, has been provided in the attached Annexure-A.
Source: BSE
