IFGL Refractories Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 27, 2025
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IFGL Refractories Limited has issued a notice for its 18th Annual General Meeting (AGM) to be held on Wednesday, 27th August 2025 at 11 AM through video conferencing. Shareholders will vote on adopting the audited standalone and consolidated financial statements for FY 2024-25, confirming an interim dividend of ₹6 per share (60%) and approving a final dividend of ₹1 per share (10%) for FY 2024-25. The AGM will also consider the re-appointment of Executive Chairman Mr Shishir Kumar Bajoria as a director retiring by rotation, the appointment of his son Mr Mihir Prakash Bajoria as a Non-Executive Non-Independent Director (who is scheduled to take over as Managing Director from 1st September 2025), the appointment of M/s P Sarawagi & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), and ratification of the Cost Auditor's remuneration of up to ₹5,00,000 for FY 2025-26. The notice also reminds shareholders that the company recently allotted bonus shares in a 1:1 ratio, distributing 3,60,39,312 equity shares to eligible members as of the 18th July 2025 record date.
Shareholders should note the e-voting window of 24-26 August 2025 with a cut-off date of 20th August 2025 to be eligible to vote, and the dividend payment date of on or after 1st September 2025. The AGM covers routine governance items plus a significant leadership transition, with Mr Mihir Prakash Bajoria set to become Managing Director from 1st September 2025, marking a generational change at the top of the company.