IFGL Refractories: Promoter group entity increases stake through internal share transfer

IFGL Refractories Limited announced that Bajoria Financial Services Private Limited (BFSPL), a member of its Indian promoter group, acquired 437,490 equity shares. This transfer, occurring on December 3, 2025, involved the acquisition from Mihir Prakash Bajoria, also part of the Indian promoter group, at a price of 212 INR per equity share. The transaction was conducted as an off-market transfer.

The acquisition represents 0.61% of the equity share capital of IFGL Refractories. While BFSPL's holding increased from 66.72% to 67.33%, the aggregate shareholding of the entire promoter and promoter group remains unchanged following this internal transfer.

This disclosure was made under SEBI regulations, leveraging an exemption for inter-se transfers among promoter group entities. The disclosure was filed with both the National Stock Exchange of India Limited and BSE Limited.