IFGL Refractories Ltd. Holds 19th AGM on Aug 5, 2026; Approves Dividend
IFGL Refractories Limited held its 19th AGM on August 5, 2026. The company approved a final dividend of 21.50% (₹2.15 per share) for FY 2025-26. The re-appointment of Mr. Mihir Prakash Bajoria as Director and remuneration for Cost Auditors were also approved. Dividend payment is scheduled for on or after August 10, 2026.
The approval of the final dividend and routine corporate matters like director re-appointment and auditor remuneration ratification are important for ongoing operations and shareholder returns, but do not represent a significant strategic shift or major financial event.
The announcement details the successful conclusion of the AGM, including the approval of a final dividend and the re-appointment of a director, which are generally positive outcomes for shareholders.
IFGL Refractories Limited convened its 19th Annual General Meeting (AGM) on Wednesday, August 5, 2026, at 11 AM via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting, deemed to have been held at the company's registered office in Sundergarh, Odisha, transacted the business outlined in the AGM Notice dated June 30, 2026.
Mrs. Mansi Damani, Company Secretary and Compliance Officer, provided procedural details regarding participation and voting. Remote e-voting was open from Sunday, August 2, 2026 (9 AM) to Tuesday, August 4, 2026 (5 PM), with a cut-off date of Wednesday, July 29, 2026, for determining voting eligibility. The AGM was conducted in accordance with relevant provisions of the Companies Act, 2013, and SEBI regulations.
The meeting addressed four resolutions: the adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026; the approval of a final dividend of 21.50% (₹2.15 per equity share of ₹10 each) for FY 2025-26; the re-appointment of Mr. Mihir Prakash Bajoria as a Director; and the ratification of remuneration for the Cost Auditors, M/s Mani & Co., for FY 2026-27.
Mr. SK Bajoria, Executive Chairman, chaired the AGM and welcomed the attendees, including other directors, the CFO Mr. Amit Agarwal, and representatives of statutory and secretarial auditors. Mr. P. Sarawagi, Company Secretary, was appointed as the scrutinizer for the voting process. Mr. Mihir Prakash Bajoria, Managing Director, provided an overview of the company's performance for FY 2025-26.
The approved final dividend, if declared, will be paid on or after August 10, 2026, to eligible members as of July 29, 2026. Three out of four pre-registered members addressed the meeting, with their observations noted by the Chairman. In total, 48 members attended the AGM. The consolidated scrutinizer's report on voting results will be submitted to the Company Secretary within two working days and subsequently forwarded to stock exchanges and uploaded on the company's website. The meeting concluded at 11:29 AM.
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IFGL Refractories Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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