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
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IFGL Refractories Ltd has announced the results of a Postal Ballot through which shareholders approved the appointment of Mr. Mihir Prakash Bajoria (DIN: 09346426) as Managing Director for three years starting 1st March, 2026 to 28th February, 2029. The Special Resolution was passed with overwhelming majority - 96.16% votes in favour out of 5.83 crore valid votes cast. Promoter and Promoter Group held 52.2 million shares and voted entirely in favour (100%). Notably, relatives of Mr. Bajoria including HUF, who are part of the Promoter/Promoter Group, abstained from voting on this resolution due to their interest in the matter. The appointment includes payment of remuneration to him.
The appointment of Mr. Mihir Prakash Bajoria as Managing Director provides leadership continuity at IFGL Refractories. The near-unanimous shareholder approval (96%+) signals strong confidence in the new leadership. The fact that promoter family members abstained from voting due to their interest is a standard governance practice and does not indicate any concern.