IFGL Refractories promoter sells shares to group entity

Mihir Prakash Bajoria, a promoter of IFGL Refractories Ltd, sold 437,490 equity shares in an off-market transaction. This sale, representing 0.61% of the company's equity share capital, was executed on December 3, 2025, at an agreed price of INR 212 per share. Following this transaction, Mihir Prakash Bajoria's direct holding in IFGL Refractories is now nil.

The acquiring entity is Bajoria Financial Services Private Limited, also a member of the promoter group. Before the acquisition, Bajoria Financial Services Pvt Ltd held 66.72% of the total share capital. Post-acquisition, their holding increased to 67.33%, bringing the total promoter group shareholding to 72.43% from the previous 71.82%.

The transaction falls under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and was reported to the National Stock Exchange of India and BSE Limited.

The total equity share capital of IFGL Refractories Ltd remains unchanged at 72,078,624 equity shares, aggregating to INR 7,207,86,240, as of the shareholding pattern dated September 30, 2025. This disclosure ensures compliance with SEBI regulations regarding changes in promoter shareholding.