Further to our letter dated 31st March, 2026 on the above Postal Ballot Notice, please find enclosed herewith the following. 1. E-Voting Results pursuant to Regulation 44(3) of SEBI (Listing ....
IFGLEXPOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IFGL Refractories Ltd has announced the results of its Postal Ballot for appointing Mr. Mihir Prakash Bajoria as Managing Director for 3 years (1st March 2026 to 28th February 2029). The special resolution was passed with overwhelming majority - 96.16% votes in favour (5.61 crore votes) against 3.84% against. The voting period was from 3rd April 2026 to 2nd May 2026 via NSDL e-voting platform. The Promoter/Promoter Group voted 100% in favour, while Public Institutional Investors voted 76.61% in favour and Public Non-Institutional Investors voted 98.86% in favour. Notably, relatives of Mr. Bajoria including HUF (being part of Promoter/Promoter Group) abstained from voting due to their interest in the resolution.
The appointment of Mihir Prakash Bajoria as Managing Director signals continuity in leadership. The strong shareholder approval (96%+ in favour) indicates confidence in the management. Since Bajoria is from the promoter family, this represents a family succession or continuation event for the company.