IFGL Refractories Limited has informed the Exchange that Record date for the purpose of Bonus is 30-May-2025.
IFGLEXPOR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IFGL Refractories Limited has informed the exchange that 30-May-2025 has been fixed as the record date for determining eligible shareholders for the upcoming Bonus issue. Investors who hold shares in the company as of this record date will be entitled to receive the bonus shares. The announcement does not mention the bonus ratio or any other details of the issue. The actual allotment and bonus ratio are expected to be communicated in a separate filing.
Generally positive for shareholders as bonus issues increase share count without cost and signal management confidence, though near-term stock price may adjust downward on ex-date. Shareholders should ensure their shares are held in demat form by the record date to be eligible.