Holding Statement: Allana Group (India)
The Allana Group in India remains a debt-free entity with an entirely independent operational and financial framework. We wish to clarify that while there is shared family lineage among Ultimate Beneficial Owners (UBOs), Allana India and IFFCO are distinct legal and operating entities.
To provide specific clarity on management structures, Conversely, Mr. Irfan Allana has never been part of the IFFCO management team.
Allana India’s manufacturing plants, export operations, and customer contracts function with complete autonomy. There are no common directors or board observers across the two groups; Allana India’s board consists entirely of working professionals.
Furthermore, we confirm that:
Allana India has provided no guarantees for IFFCO-related debt.
No Allana India assets, receivables, inventory, or bank accounts are pledged against IFFCO liabilities.
Our focus remains on maintaining our market leadership through robust corporate governance and uninterrupted service to our global stakeholders.