IFGL Refractories Limited has informed the Exchange that the Board of Directors at its meeting held on May 24, 2025, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every 1 Equity Shares held.
IFGLEXPOR · price
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IFGL Refractories' Board approved a 1:1 bonus issue - one bonus share for every one share held - amounting to 3.60 crore new equity shares to be allotted from free reserves of Rs 241.74 crores as on March 31, 2025. For FY25, standalone revenue grew about 12% YoY to Rs 997.63 crores, though profit after tax declined to Rs 57.60 crores from Rs 65.11 crores; EPS stood at Rs 15.98 vs Rs 18.07 last year. The Board declared a final dividend of Rs 1 per share (10%), taking total FY25 dividend to Rs 7 per share (70%) including the Rs 6 interim dividend already paid in May 2025. Authorized share capital was raised from Rs 63 crores to Rs 100 crores to accommodate the bonus, with shareholder approval to be sought via postal ballot (e-voting from June 6 to July 5, 2025) and shares expected to be credited by July 23, 2025.
The 1:1 bonus doubles the share count and the stock price will adjust proportionally lower on the ex-date, but it improves liquidity, signals management confidence, and is generally viewed positively by retail investors. Combined with the healthy revenue growth and consistent dividend payout, this rewards long-term shareholders, though the dip in FY25 profit is a mild concern.