IFGL Refractories Limited — Others, 13-01-2025: Action(s) taken or orders passed

IFGL Refractories Limited has received a Demand cum Show Cause Notice from the Commissioner of Customs, Kandla, related to alleged non-payment of Export Duty for procurement of Bauxite from DTA suppliers between FY 2019-20 and FY 2023-24, amounting to approximately ₹2.46 crore. The company does not anticipate any significant impact on its financial or operational activities due to this notice. This notification may create a neutral sentiment among investors, as the company appears confident in managing the situation without material repercussions.