IFGL refractories promoter group announces internal share transfer

Bajoria Financial Services Pvt Ltd (BFSPL), part of the Indian promoter group of IFGL Refractories Limited, has announced its intention to acquire 437,490 equity shares from Mihir Prakash Bajoria, also a promoter. This inter-se transfer involves shares with a face value of INR 10/- each and will occur at a price of INR 212/- per equity share. The acquisition represents 0.61% of the total share capital of IFGL Refractories.

The transaction is scheduled to take place on or after Wednesday, December 3, 2025. This transfer is exempt from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. The aggregate shareholding of the promoter and promoter group of the company will remain unchanged before and after the proposed transfer.

Currently, the promoter and promoter group hold 72.43% of the company's shares. Post-acquisition, BFSPL's shareholding will increase from 66.72% to 67.33%, while Mihir Prakash Bajoria's direct holding will be nil. The volume-weighted average market price for IFGL Refractories shares on NSE for the 60 trading days preceding the notice date was INR 293.88/-.