IFGL Refractories Limited has informed the Exchange that Record date for the purpose of Bonus is 18-Jul-2025.
IFGLEXPOR · price
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Awaiting price reaction for this filing.
IFGL Refractories has fixed Friday, 18-Jul-2025 as the record date to identify shareholders eligible for its upcoming bonus equity shares. The company had earlier communicated about the bonus issue through letters dated 24th May 2025 and 3rd June 2025. The deemed date of allotment of bonus shares is Monday, 21-Jul-2025, and the bonus shares will be available for trading from Tuesday, 22-Jul-2025. The bonus ratio is not mentioned in this filing. This is a corporate action that rewards existing shareholders with additional shares at no extra cost.
Shareholders who hold IFGL Refractories shares as of 18-Jul-2025 will receive bonus shares, increasing their share count. The stock price will typically adjust downward on the ex-date in proportion to the bonus ratio, so the overall holding value should remain largely unchanged. This is generally viewed as a positive signal of management confidence.