IFGL Refractories Limited — Others, 24-05-2025: Change in Auditors

IFGL Refractories has announced a board meeting to approve the financial results for the quarter and half-year. The Board approved a final dividend of 10% (Re 1 per share), adding to the interim 60%, totaling 70% for FY 2024-25, subject to shareholder approval, with June 6 fixed as the record date. Mihir Prakash Bajoria was appointed additional director and will become Managing Director from September 1, 2025. M/s P Sarawagi & Associates was appointed Secretarial Auditors for five years. A 1:1 bonus issue is proposed, doubling equity shares and increasing authorized share capital from Rs. 63 Cr to Rs. 100 Cr, pending approvals. Standalone revenue rose 11.7% YoY to ₹101,386 lakhs with PAT at ₹5,760 lakhs; consolidated revenue steady at ₹1,67,044 lakhs with PAT ₹4,298 lakhs. Tax litigations are ongoing but not expected to impact financials materially.