IFGL Refractories Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
IFGLEXPOR · price
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IFGL Refractories has increased its authorised share capital from Rs. 63 crores to Rs. 100 crores through a postal ballot resolution passed by members on 5th July 2025. The new authorised capital comprises 8 crore equity shares of Rs. 10 each and 20 lakh 5% Redeemable Non-Cumulative Preference Shares of Rs. 100 each. Consequently, Clause V of the Memorandum of Association has been altered to reflect the new capital structure. No new shares are being issued at this stage — only the company's capacity to issue shares in the future has been expanded.
This is a preparatory corporate action that gives the company room to raise fresh capital, issue bonus shares, or split stock in the future. It does not cause any immediate dilution or affect shareholding. Investors should watch for follow-up announcements if the company plans to use this expanded capital headroom.