IFGL Refractories Limited has issued its Annual Report for FY 2025-26 along with notice for its 19th Annual General Meeting scheduled for August 5, 2026. The company reported consolidated revenue of ₹18,942.52 million with net profit of ₹346.95 million and EPS of ₹4.81. Standalone performance showed revenue of ₹1,10,940.94 lakhs and profit of ₹3,884.29 lakhs.
Key financial highlights include a gearing ratio of 11.72% at consolidated level with net debt of ₹15,596.59 lakhs. The board recommended a final dividend of ₹2.15 per share for FY26, subject to approval at the AGM. The company had previously issued 1:1 bonus shares on July 21, 2025.
Significant contingent liabilities of ₹1,190.14 lakhs were disclosed for various tax disputes, including income tax disputes totaling ₹1,117.76 lakhs across multiple assessment years. The company recognized an exceptional item of ₹523.47 lakhs for incremental employee benefits due to implementation of new labor codes.
The AGM agenda includes adoption of financial statements, dividend declaration, reappointment of Mr. Mihir Prakash Bajoria as director, and ratification of cost auditor remuneration not exceeding ₹500,000. The meeting will be conducted virtually with e-voting available through NSDL from August 2-4, 2026, with July 29, 2026 as record date.
Auditors highlighted emphasis matters regarding amalgamation accounting treatment and income tax litigation uncertainties. Geographical revenue split showed 78% domestic and 22% international sales. The company maintained foreign currency exposure to USD (₹3,766.12 lakhs liabilities) and EURO (₹4,552.68 lakhs liabilities), with significant interest rate risk on variable rate liabilities of ₹13,720.08 lakhs.