Meeting Details

The 19th Annual General Meeting was held on Wednesday, 5th August, 2026 at 11:00 AM through Video Conferencing/Other Audio Visual Means. The meeting was deemed to have been held at the Registered Office at Sector 'B', Kalunga Industrial Estate, P.O. Kalunga 770 031, District Sundergarh, Odisha.

Attendance and Participation

  • 48 members attended the meeting through VC/OAVM
  • Three out of four pre-registered speakers addressed the meeting
  • The meeting concluded at 11:29 AM

Voting Arrangements

  • Remote e-voting was conducted through National Securities Depository Limited (NSDL) platform
  • Voting period: Sunday, 2nd August, 2026 (9:00 AM) to Tuesday, 4th August, 2026 (5:00 PM)
  • Cut-off date for eligibility: Wednesday, 29th July, 2026
  • Members could vote up to 15 minutes after conclusion of the AGM

Resolutions Considered and Approved

Ordinary Business:

1. Adoption of Standalone and Consolidated Audited Financial Statements for the year ended 31st March, 2026, along with Reports of the Board of Directors and Auditors

2. Approval for payment of Final Dividend @ 21.50% i.e. ₹2.15 per Equity Share of ₹10 each for Financial Year 2025-26

3. Re-appointment of Mr. Mihir Prakash Bajoria (DIN: 09346426) as Director liable to retire by rotation

Special Business:

4. Ratification of remuneration payable to Cost Auditors, M/s. Mani & Co., Cost Accountants, for Financial Year 2026-27

Dividend Details

  • Final Dividend: 21.50% (₹2.15 per equity share of ₹10 each)
  • Recommended by Board of Directors at meeting held on 30th May, 2026
  • Payment date: On or after 10th August, 2026
  • Record date: Close of business hours on Wednesday, 29th July, 2026
  • Payment mode: Electronic mode only

Documents and Reports

  • Annual Report for FY 2025-26 and AGM Notice sent electronically on 14th July, 2026
  • Physical copies sent to members without registered email addresses on 13th-14th July, 2026
  • Statutory Auditors' Reports on Standalone and Consolidated Financial Statements
  • Secretarial Audit Report in Form MR-3
  • Independent Auditors Report on compliance of conditions of Corporate Governance

Attendees

Directors Present:

  • Executive Chairman: Mr. SK Bajoria
  • Managing Director: Mr. Mihir Prakash Bajoria
  • Non-Executive Independent Directors: Mr. D.G. Rajan, Mr. Debal Kumar Banerji, Mr. Sudhamoy Khasnobis, Ms. Anita Gupta
  • Non-Executive Non-Independent Director: Mr. Mukesh Harshadrai Rawal
  • Director - General Counsel: Mr. Rajesh Agarwal

Other Attendees:

  • CFO: Mr. Amit Agarwal
  • Company Secretary: Mrs. Mansi Damani
  • Representatives of Statutory Auditors and Secretarial Auditors
  • Scrutinizer: Mr. P. K. Sarawagi of M/s P Sarawagi & Associates

Scrutinizer Arrangements

  • M/s P Sarawagi & Associates appointed as Scrutinizer
  • Proprietor: Mr. P. K. Sarawagi (FCS - 3381, C.P. No.: 4882)
  • Responsible for scrutinizing remote e-voting and e-voting process
  • Required to provide Consolidated Scrutinizer's Report within two working days of AGM conclusion

Disclosure and Compliance

  • Voting results and Scrutinizer's Report to be forwarded to Stock Exchanges
  • Results to be uploaded on company website (www.ifglgroup.com) and NSDL website
  • Disclosure hosted on company website at https://ifglgroup.com/investor/earnings-call-annual-general-meeting/

Management Commentary

Managing Director Mr. Mihir Prakash Bajoria provided an overview of the company's performance for FY 2025-26 during the meeting.

#Tags: #IFGLRefractories #AGM #Dividend #SEBIDisclosure #RegulatoryCompliance #Neutral