IFB Agro Industries shares soar 3% after voluntary liquidation of UAE venture

At around 1:13 pm, the stock was trading 1.32% higher at ₹868.60 per equity share.

This follows the company's completion of the voluntary liquidation of its wholly owned subsidiary in the United Arab Emirates, marking its exit from that international venture.

The closure includes the winding up of IFB Agro Marine (FZE) and its representative office in Dubai, effective September 30, the company said on Wednesday.

The subsidiary was incorporated on April 20, 2017, at the Sharjah Airport International Free Zone Authority and was primarily engaged in the trading of marine seafood products.

Since the UAE entity was "uneconomical, its closure removes a drag on performance”, the company said.

It also said the decision to liquidate the entity was part of its review of international operations.

The company stated the closure was completed in compliance with the applicable laws and regulations in the United Arab Emirates, adding that it will also complete the necessary statutory and regulatory formalities in India with respect to such liquidation or closure.

IFB Agro Industries' stock performance

The share has risen approximately 6.5% over the week and about 10% over the month. It surged by about 74% in six months.

On a year-to-date basis, the scrip has advanced approximately 50%.

While the stock reached a 52-week high of ₹929 on July 31, 2025, it touched a year’s low of ₹440 per equity share on April 7, 2025.

IFB Agro Industries has a total market capitalisation of ₹817.33 crore, as of October 3, 2025, according to data on the NSE.

About the company

IFB Agro Industries is an India-based company primarily engaged in manufacturing alcohol, bottling branded alcoholic beverages, processing marine foods, both for domestic and export markets, and the sale of feed.