Board to consider sale, divestment of assets or undertaking on July 22

Nilachal Refractories board meets on July 22, 2026 to consider monetizing or selling company assets including plant, machinery, equipment, and possibly the entire undertaking via BTA, APA, slump sale or other means. If the sale covers substantially the whole undertaking, shareholder approval under Section 180 of Companies Act will be sought. Company plans an EGM with shorter notice, requiring 95 percent consent of voting power members. Approval of EGM notice, e-voting schedule and scrutinizer appointment also on agenda.