IFB Industries Ltd

We write with reference to our letter dated 13th December 2022 in connection with investment in Equity issue of IFB Refrigeration Limited. Please be informed that IFB Refrigeration Limited an unlisted public ltd. company has allotted 13000000 fully paid Equity shares of Rs. 10 each in favour of IFB Industries Limited. Consequently total holding of IFB Industries Limited in IFB Refrigeration Limited is 82000000 fully paid Equity shares of Rs. 10 each.This is for your information and record.