IFGL Refractories Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
IFGLEXPOR · price
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IFGL Refractories Limited has announced the results of a postal ballot for the appointment of Mr. Mihir Prakash Bajoria as Managing Director for three years (1st March 2026 to 28th February 2029). The special resolution was passed with 96.16% votes in favour (5,60,83,917 votes) and 3.84% against (22,42,042 votes), out of 5,83,25,959 total valid votes cast. The e-voting period ran from 3rd April 2026 to 2nd May 2026. Relatives of Mr. Bajoria, including HUF, who are part of the Promoter/Promoter Group, abstained from voting as they were interested in the resolution. The scrutinizer's report was certified by CS P K Sarawagi of M/s P. Sarawagi & Associates.
Shareholders have approved the appointment of Mihir Prakash Bajoria as Managing Director with strong approval. The high favourable vote (96%) suggests investor confidence in the appointment. The involvement of promoter family members indicates this is likely a family-run board entry, which may have positive implications for continuity but warrants monitoring of related-party transaction practices.