IFGL Refractories Limited's Board of Directors, in their meeting held on 24 May 2025, approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2025, and made several key announcements:

• Financial Performance:

  • For the financial year ended 31 March 2025, the company reported a standalone profit of ₹5,760 lakhs (₹57.60 crore).
  • Standalone revenue from operations for FY25 stood at ₹99,763 lakhs (₹997.63 crore).
  • Standalone Earnings Per Share (EPS) for FY25 was ₹15.98.

• Dividend Recommendation:

  • The Board recommended a final dividend of 10%, which is Re 1 per Equity Share of ₹10 face value, for FY 2024-25.
  • This is in addition to the interim dividend of 60% (₹6 per Equity Share) declared on 7 May 2025 for FY 2024-25.
  • The total dividend for FY 2024-25 amounts to 70%, or ₹7 per Equity Share.
  • The record date for determining eligibility for the final dividend is Friday, 6 June 2025.

• Bonus Issue:

  • The company recommended a bonus issue of equity shares in the ratio of 1:1, meaning 1 bonus equity share of ₹10 each for every 1 fully paid-up equity share held.
  • This will increase the issued, subscribed, and paid-up equity share capital from ₹3,603.93 lakhs (3,60,39,312 shares) to ₹7,207.86 lakhs (7,20,78,624 shares).
  • The bonus shares will be issued from Free Reserves / Retained Earnings as on 31 March 2025.
  • The record date for determining eligibility for bonus shares is Friday, 30 May 2025.
  • Bonus shares are expected to be credited/dispatched on or before 23 July 2025.

• Increase in Authorised Share Capital:

  • The Board approved an increase in the company's Authorised Share Capital from ₹63 crore to ₹100 crore.
  • This involves increasing the number of equity shares from 4,30,00,000 to 8,00,00,000 shares of ₹10 each, with preference shares remaining unchanged.

• Annual General Meeting (AGM):

  • The 18th Annual General Meeting will be held on Wednesday, 27 August 2025, through Video Conferencing/Other Audio-Visual Means.
  • The record date for AGM eligibility is Wednesday, 20 August 2025.

• Appointment of Additional Director:

  • Mr. Mihir Prakash Bajoria (son of Executive Chairman Mr. Shishir Kumar Bajoria) was appointed as an Additional Director, effective 24 May 2025.
  • He is scheduled to assume the office of Managing Director from 1 September 2025.
  • Mr. Bajoria, approximately 40 years old, has a diploma from Oxford Brookes University and has managed the company's overseas subsidiaries for over a decade.

• Appointment of Secretarial Auditors:

  • M/s P Sarawagi & Associates were appointed as Secretarial Auditors for a period of five years, from the conclusion of the upcoming AGM until the 23rd AGM (FY 2025-26 to FY 2029-30), subject to shareholder approval.