Business Standard

Saturday, January 18, 2025 | 10:22 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

IFB Agro board approves contributions up to Rs 40 cr to political parties

Firm mentions in Stock exchange filing that it was writing in continuation of earlier letters to boures wherein it had intimated about excise issues affecting it

IFB Agro
Premium

IFB Agro

Ishita Ayan Dutt Kolkata
Kolkata-based IFB Agro said in a filing with stock exchanges that its board has decided to approve contributions to political parties for an amount aggregating not more than Rs 40 crore for the financial year 2022-2023.

The company mentioned in its filing that it was writing in continuation of earlier letters to the stock exchanges wherein it had intimated about excise related issues being faced by/affecting the company.

The board of directors in its meeting dated March 31, 2022, considered “such issues” and in the best interest of the company and all its stakeholders, decided to approve contributions to political

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in