IFGL Refractories Limited has informed the Exchange about Allotment of Bonus Equity Shares.
IFGLEXPOR · price
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Awaiting price reaction for this filing.
IFGL Refractories has allotted 3,60,39,312 bonus equity shares of Rs. 10 each to eligible shareholders. The bonus is in the ratio of 1:1, meaning one new share for every one share held. The record date was 18th July 2025. As a result, the company's paid-up equity share capital has increased to Rs. 72.08 crore, consisting of 7,20,78,624 shares. The Committee meeting concluded at 8:20 AM IST on 21st July 2025.
Shareholders will see their share count double, though the share price is expected to adjust downward proportionally to reflect the bonus. Total investment value typically remains the same immediately after the bonus, but liquidity improves due to the higher number of shares in the market.