365Telugu.com online news,Ahmedabad, June 13h, 2025: IFL Enterprises Limited (BSE -540377), a company primarily engaged in the import, export, and trading of agri commodities, has received approval to raise ₹49.14 crore through a Rights Issue. The subscription period for this Rights Issue will commence on June 19, 2025, and conclude on June 30, 2025.
The Rights Issue is priced attractively at ₹1 per share, offering existing shareholders a valuable opportunity to increase their equity in the company. The Board of Directors gave their approval for the Rights Issue during a meeting held on June 9, 2025. This follows an earlier “In Principle Approval” received from BSE Limited on May 19, 2025, for a proposed Rights Issue of up to ₹50.00 Crore.
Key Details for Shareholders
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Shareholders holding equity shares as of the Record Date, June 13, 2025, will be eligible to apply for the rights shares. The entitlement ratio is 60 Rights Equity Shares for every 91 fully paid-up equity shares held. The last date for On-Market Renunciation of Rights Entitlements (REs) is June 24, 2025.
The Rights Issue consists of 49,14,76,620 fully paid-up Equity Shares of face value ₹1 each, totaling ₹49.14 crore. The capital raised from this issue will be strategically utilized to strengthen the company’s financial position and support its general corporate purposes.
Strong Financial Performance and Strategic Growth
This capital raise aligns with the strategic direction set by the newly appointed Managing Director, Mr. Abhishek Pratapkumar Thakkar. The aim is to enhance operational efficiency and expand service capabilities, particularly in the agri commodity business.
IFL Enterprises has demonstrated robust financial performance in the fiscal year ending March 2025. The company achieved a remarkable revenue from operations of ₹120.60 crore, representing over a 13-fold increase compared to ₹8.24 crore in FY 2023-24.
Net profit also saw a significant surge, rising to ₹2.99 crore for FY25, a 254% year-on-year growth from ₹84.5 lakh in FY24. In Q4 FY25 alone, the company reported a consolidated net profit of ₹3.04 crore, with revenue from operations reaching ₹72.13 crore, a multifold increase from ₹1.98 crore in Q4 FY24.
Adding to its corporate actions, in August 2024, the company’s board approved a bonus issue in the ratio of 1:150 (1 equity share as bonus for every 150 shares held).