IFB Agro, incorporated in 1982, manufactures and distributes Grain Alcohol, DDGS, CO2, Organic Manure, Alcoholic beverages, Aqua feed and Processed Frozen Shrimps for Domestic and Export markets.

IFB Agro Industries Limited, a Public Limited Company listed on both the BSE & NSE indexes with its Corporate Office in Kolkata.

Code of Conduct

IFB Agro Industries Limited is committed to operating its business at the highest levels of business ethics and in accordance with all applicable laws and regulations. This Code forms an integral part of the Company's governance policy. It is intended to provide guidance in recognising and dealing with issues of an ethical nature as well as to provide mechanisms to deal with unethical conduct. However, this Code is not an exhaustive narration of duties, obligations and rights of a Director/Senior management of the Company but broadly provides certain guidelines to be followed by them.

  • Applicability
    The Code is applicable to all the Directors of IFB Agro Industries Limited and also for Senior management, which shall include all divisional/functional/departmental/business heads, irrespective of designation.
  • Conflict of Interest
    All Directors and Senior management should avoid situations in which their personal interest could conflict with the interest of the Company. The Directors/Senior management should be scrupulous in avoiding 'conflicts of interest' with the Company. In case there is likely to be a conflict of interest, he/she should make full disclosure of all facts and circumstances thereof to the Board of Directors or any committee / officer nominated for this purpose by the Board and a prior written approval should be obtained.
  • Applicable Laws
    The Directors of the Company and Senior management must comply with applicable laws, regulations, rules and regulatory orders. They should report any inadvertent non-compliance, if detected subsequently, to the concerned authorities.
  • Disclosure Standards
    The Company shall make full, fair, accurate, timely and meaningful disclosures in the periodic reports required to be filed with government and regulatory agencies. The members of the Senior management of the Company shall initiate all actions deemed necessary for proper dissemination of relevant information to the Board of Directors, Auditors and other Statutory Agencies, as may be required by applicable laws, rules and regulations.
  • Honest and Ethical Conduct
    The Directors/Senior management shall act in accordance with the highest standards of personal and professional integrity. They shall act and conduct themselves free from fraud and deception.
  • Corporate Opportunity
    The Directors/Senior management will not exploit for their personal gain, opportunities that are discovered through use of Company property, information or position, unless the opportunity is disclosed fully in writing to the Company's Board of Directors and the Board declines to pursue such opportunity.
  • Confidentiality
    The Directors/Senior management shall maintain the confidentiality of confidential information of the Company or that of any valued customer/collaborator/supplier of the Company to whom the Company has a duty to maintain confidentiality, except when disclosures are authorised or legally/statutorily mandated. The confidential information includes all non-public information that might be of use to competitors. The use of confidential information for his/her own advantage or profit is also prohibited.
  • Fair Dealing
    The Directors/Senior management shall deal fairly with customers, suppliers, competitors, employees and other stakeholders of the Company. They should not take unfair advantage of anyone through manipulation, concealment, abuse of confidentiality, trade secret information, misrepresentation of material facts, or any other unfair dealing practices.
  • Protection of Assets
    The Directors/Senior management shall be responsible for the proper use, protection and conservation of Company assets and resources. This includes Company properties, assets, and proprietary manufacturing processes, engineering designs, process technology, application knowledge, financial data, strategies, trade secrets, corporate information and other Company rights. Company assets are to be used solely to pursue and achieve Company goals and not for any personal benefit, unless approved by the Board.
  • Waivers
    The Board of Directors of the Company must approve any waiver of any provision of this Code of Conduct for a member of the Company's Board of Directors or a member of the Senior management in writing.
  • Violations of the Code
    Violations of this Code of Conduct will result in disciplinary action, which may even include termination of services of the employee. The Company's Board of Directors or any committee designated by the Board for this purpose shall determine appropriate action in response to violations of this Code of Conduct.

Corporate Social Responsibility

'In a free enterprise, the community is not just another stakeholder in business but is in fact the very purpose of its existence.' —Jamsetji N Tata, Founder of the Tata Group

IFB Agro believes and it is in this spirit that the Community Development for Better Living project was born.

Activities under CSR

  • Disability management of identified disabled persons in the villages
  • Improvement of village school facilities
  • Economic development of villagers, especially women
  • Improvement in health and hygiene practices
  • Maintaining the green environment

Project on disability management, is run by IFB Agro Industries Limited in collaboration with the Indian Institute of Cerebral Palsy. Approximately 800 families from two adjoining villages, Durgapur and Bagmari, in South 24 Parganas, West Bengal, are benefiting from the project.