IFL Enterprises' Rs 49.15 Cr Rights Issue Opens, Renunciation Ends June 25

The Rs. 49.15 crore Rights Issue of IFL Enterprises Limited (BSE - 540377), engaged in the agri commodity business including import, export and trading of agri commodities, has opened for subscription on June 23, 2025 and will remain open till June 30, 2025.

- TBG NETWORK AHMEDABAD

The Rights Issue is attractively priced at Rs. 1 per share, offering existing shareholders an opportunity to increase their equity in the company.

The last date for On-Market Renunciation of REs is Wednesday, June 25, 2025.

Highlights: Share in Rights Issue attractively priced at Rs. 1 per share; Rights shares finalised in the ratio of 60 Rights Equity Shares for every 91 fully paid-up equity shares held; Last date for On-Market Renunciation is June 25, 2025, with Record Date fixed as June 13, 2025.

Company registered Rs. 2.99 crore Net Profit, a 254% Y-o-Y rise & 13-fold revenue rise to Rs. 120.60 crore in FY25.

The Rights Issue comprises 49,14,76,620 fully paid-up Equity Shares of face value Rs. 1 each, aggregating to Rs. 49.15 crore. Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes.