IFB Industries Limited announced the completion of the term for Independent Director, Mr. Biswadip Gupta, effective February 9, 2026. Following the Nomination and Remuneration Committee’s recommendation, the Board approved the appointment of Mr. Tarun Kumar Daga as an Additional Director in the Non-Executive Independent category. This appointment is for a term of two consecutive years starting from February 10, 2026, pending shareholder approval.
Completion of Director Tenure
IFB Industries Limited has formally disclosed the cessation of tenure for one of its key members. The term of Mr. Biswadip Gupta (DIN: 00048258), serving as an Independent Director, concluded on February 9, 2026. The company confirmed this change was due to the completion of his scheduled tenure.
Appointment of New Additional Director
The Board of Directors, acting upon the recommendation of the Nomination and Remuneration Committee, approved a new appointment via circular resolution passed on February 10, 2026. Mr. Tarun Kumar Daga (DIN: 01686499) has been appointed as an Additional Director, categorized as a Non-Executive Independent Director.
The appointment of Mr. Daga is effective from February 10, 2026, and is set for a period of two consecutive years, subject to subsequent approval by the company’s members.
Profile of New Director
Mr. Tarun Kumar Daga, aged 60 years, brings over 35 years of extensive experience across marketing, sales, operations, and general management in India and Thailand. Most recently, from December 2022 to January 2026, he served as the President & CEO of Tata Steel Thailand, Bangkok. His prior leadership roles include Managing Director positions at Tata Steel Utilities & Infrastructure Services Limited and The Tinplate Company of India Limited.
Mr. Daga’s expertise lies in driving sustainable growth, operational excellence, and market leadership, with specific interests in Total Quality Management and Business Excellence. The disclosure confirms that Mr. Daga is not related to any existing Director of IFB Industries Limited.
Source: BSE
