IFGL Refractories Limited has informed the Exchange about Copy of Newspaper Publication
IFGLEXPOR · price
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IFGL Refractories has sent out a Postal Ballot Notice to shareholders seeking approval through e-voting for two resolutions: (a) issue of Bonus Shares and (b) increase in the Authorised Share Capital of the Company along with related changes to the Memorandum of Association. The notice was dispatched electronically on 3rd June 2025 to members on record as of the 30th May 2025 cut-off date. E-voting will be open from 6th June 2025 (9:00 AM) to 5th July 2025 (5:00 PM), with results expected on or before 8th July 2025. NSDL has been engaged to provide the e-voting platform and M/s P. Sarawagi & Associates will act as Scrutinizer. The newspaper publications appeared in Business Standard (all editions) and Pratidin (Odia) on 4th June 2025.
If approved, shareholders stand to benefit from a bonus issue, which rewards existing holders with additional free shares and is generally viewed positively by the market. The increase in authorised share capital is a supporting step required to facilitate the bonus issuance and provides room for future fundraising or expansion. The bonus ratio and exact increase in authorised capital are not specified in this notice and will likely be detailed in the Postal Ballot document itself.