IFL Enterprises Ltd secured export orders worthUSD 8.16 million – Approx. Rs. 67 crore

Telugu super news,Hyderabad, April 26, 2023: IFL Enterprises Ltd – the leading company in the business of
trading all kinds of papers and stationery items has secured export orders from Kenyan
company, Frereana Holding Ltd. The order is for the supply of writing books, textbooks, bond
paper and copier papers for schools in Kenya. The total FOB value of the order is estimated
worth USD 8.16 million (approx. Rs. 67 crores) which is to be completed within 1 year.
The company has completed the due diligence with the overseas partner. The export shipments
are scheduled from June 2023 and are expected to be completed by March 2024. The order is
subject to 80% advance payment as per the agreed terms of the contract, the balance 20% on
order delivery. Frereana Holding Ltd in its letter confirming the order to IFL Enterprises Ltd
dated 21 April 2023 has stated that the Government of Kenya has awarded the company to
supply writing books, textbooks, bond paper and copier paper which is placed with IFL
Enterprises Ltd.

Commenting on the development, Mr. Dolar Shah, Managing Director & CFO, IFL
Enterprises Ltd said, “We are happy that our company has won a prestigious order worth USD
8.16 million which is to be executed in the FY23-24. This order is subject to 80% initial advance
payment as per the agreed terms. Shipments are expected to start from June 2023. The
company is working towards executing its growth strategy in a manner that creates exponential
value for all stakeholders while consistently delivering quality services. Company is expected to
grow from strength-to-strength and poised for rapid growth in the years to come.”
Incorporated in the year 2009, IFL Enterprises Ltd is a leading Paper trading company. It offers
a diverse product range which includes All kinds of Paper related items. like Writing paper,
coated paper, A/4 paper, Hi bright, Copier paper, Duplex Board, Art and Craft paper,
Notebooks, etc.
“Thought leadership and deep insight of the management allows the company to discover new
opportunities and perform to its true potential. The company continues to deliver value and
commitment based on the highest professional standards and aims to leverage the growth
opportunities in the economy,” said Mr. Shah.

The company in its board meeting held on April 24, 2023, has allotted 4.54 crore equity shares
of Rs. 1 each as fully paid bonus shares to the existing shareholders of the company. The
company had declared bonus issue in a 1:4 ratio (One fully paid equity share for every four
equity shares held) and stock split in a 1:10 ratio (One equity share of the face value of Rs. 10
each into 10 equity shares of the face value of Rs.1 each) in order to enhance the liquidity. It
had set April 21 st , 2023 as the record date to determine the eligibility of shareholders to receive
the benefits of these corporate actions.