IFB Industries Limited announced that Mr. Panamanna Hariharan Narayanan, Managing Director, has tendered his resignation effective April 1, 2026. The retirement is attributed to personal commitments. Mr. Narayanan has served in the role for approximately 2.5 years. The company has confirmed acceptance of the resignation and provided the requisite details concerning the change in directorship as per disclosure norms.
Key Management Transition Announced
IFB Industries Limited officially disclosed a major change in its top management on March 28, 2026. Mr. Panamanna Hariharan Narayanan (DIN: 10158148), who serves as the Managing Director (Engineering Division), has submitted his resignation.
Effective Date and Rationale
The cessation of his role is scheduled to take effect from April 1, 2026. The basis cited for his departure is personal commitment requiring his attention. The announcement also noted that Mr. Narayanan’s tenure in this position lasted approximately 2.5 years, during which he expressed gratitude for the opportunity to contribute to the organization.
Disclosure Compliance Details
In compliance with regulatory requirements, the company furnished the following specific details regarding the change:
- Reason for Change: Resignation/Retirement.
- Date of Cessation: 1st April, 2026.
- Profile/Relationships: The filing confirmed that there are No Applicable disclosures regarding his brief profile or relationships with existing directors, as this event pertains to cessation rather than a new appointment.
Source: BSE
