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 informed the exchanges about the outcome of its postal ballot, in which shareholders approved two key resolutions with overwhelming majority (over 99.99% in favour). The first resolution approves the issue of bonus shares in the ratio of 1:1, meaning one new equity share for every one existing share held. The second resolution approves an increase in the company's authorised share capital and corresponding changes to the Capital Clause of the Memorandum of Association. Voting was conducted via remote e-voting from 6th June to 5th July 2025, with 3.11 crore valid votes cast representing 86.3% of total outstanding shares of 3.60 crore. The record date to determine eligibility for the bonus shares has been fixed at 18th July 2025.
Shareholders on the register as of 18th July 2025 will receive one bonus share for every share held, effectively doubling their share count. The share price will likely adjust downward on the ex-bonus date to reflect the increased share base, while overall shareholder value should remain unchanged. The authorised capital hike paves the way for the new bonus shares to be issued.