IFGL Refractories announces dividend payouts, board appointment

IFGL Refractories Ltd. announced that at its 18th annual general meeting on August 27, 2025, shareholders approved an interim dividend of INR 6 per equity share (60%) and a final dividend of INR 1 per equity share (10%) for the financial year 2024-25. The final dividend will be paid on or after September 1, 2025, to beneficial owners and physical shareholders as of June 6, 2025.

Additionally, Mr. Mihir Prakash Bajoria ceased to be an additional director but was appointed as a non-executive non-independent director, liable to retire by rotation, effective August 27, 2025. He is the son of the executive chairman, Mr. Shishir Kumar Bajoria. Mr. Bajoria, approximately 40 years old, holds a diploma from Oxford Brookes University and has extensive knowledge of the refractory industry.

Mr. Bajoria previously served as executive chairman of the company's UK subsidiary, Monocon International Refractories Limited, and as a non-executive director of several step-down subsidiaries. His continued eligibility to hold office as a director was confirmed, in compliance with SEBI regulations.