IFGL Refractories Limited has informed the Exchange about Copy of Newspaper Publication
IFGLEXPOR · price
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IFGL Refractories Limited has published a notice (in Business Standard and Pratidin Odia on 28th June 2025) informing shareholders about the record date for its proposed bonus issue. The Company has fixed Friday, 18th July 2025 as the Record Date to identify eligible shareholders. The bonus ratio is 1:1, meaning shareholders will receive 1 new fully paid-up equity share of ₹10 each for every 1 existing share held. Bonus shares will be allotted only in dematerialized form, and shareholders holding physical shares without demat details will have their bonus shares credited to a demat suspense account.
This is a positive development for existing shareholders as the 1:1 bonus issue doubles the number of shares held, though it does not change the overall value of their investment. Share price typically adjusts downward on the ex-date to reflect the increased share count. The ex-date and actual allotment timeline will follow as per SEBI rules.