IFB Industries Limited announced the completion of the term for Independent Director Mr. Biswadip Gupta on February 9, 2026. Following a board resolution on February 10, 2026, the company approved the appointment of Mr. Tarun Kumar Daga as an Additional Director for a two-year period. Mr. Daga brings over 35 years of experience in sales, marketing, and general management, including executive roles at Tata Steel subsidiaries.
Changes in Board Composition
IFB Industries Limited has formally disclosed significant changes regarding its Board of Directors, effective February 2026. The tenure of Mr. Biswadip Gupta (DIN: 00048258), who served as an Independent Director, concluded on February 9, 2026, due to the completion of his mandated term.
Appointment of New Independent Director
Subsequent to the cessation, the Board, acting upon the recommendation of the Nomination and Remuneration Committee, approved the elevation of Mr. Tarun Kumar Daga (DIN: 01686499) as an Additional Director. He has been categorized as a Non-Executive Independent Director for an initial period of two consecutive years, commencing from February 10, 2026. This appointment is subject to subsequent approval by the company members.
Profile of Mr. Tarun Kumar Daga
Mr. Daga is a highly experienced professional, boasting more than 35 years of leadership experience across marketing, sales, operations, and general management fields in India and Thailand. His most recent role concluded in January 2026, where he served as President & CEO of Tata Steel Thailand. Prior to this, he held Managing Director roles at Tata Steel Utilities & Infrastructure Services Limited and The Tinplate Company of India Limited, focusing on sustainable growth and operational excellence.
Disclosure Summary
The regulatory filings confirm that Mr. Daga is not related to any existing Director of IFB Industries Limited and is not currently debarred from holding directorship by any statutory authority.
Source: BSE
