Date: 13th July, 2026
Subsidiary / Associate Update
IFGL Refractories Ltd has incorporated a new wholly-owned subsidiary named IFGL Monocon Saudi Company Limited in Saudi Arabia. The subsidiary was incorporated on 11th July, 2026.
Business Operations
The subsidiary will engage in trading activities, specifically the buying and selling of refractories and ancillary products and services. It operates within the refractory industry.
Ownership Structure
- IFGL Refractories Ltd holds 100% shareholding in the subsidiary
- The company subscribed to 1,000 shares of SAR 100 each
- Total subscription amount: SAR 100,000
- Nature of consideration: Cash consideration
- No governmental or regulatory approvals were required for the incorporation
Additional Information
The disclosure is also hosted on the company's website at https://ifglgroup.com/investor/announcement.