Nilachal Refractories Ltd — Important, 13-02-2026: Company Update

Nilachal Refractories' Board noted a significant update regarding its 0% Redeemable Preference Shares. The company secured 100% consent from holders of 28,22,191 preference shares, each valued at Rs. 100, to waive all accrued and future redemption premiums. This means these preference shares, totaling over 28.22 Cr in face value, will now be redeemable at their original face value only. This move simplifies the company's future redemption obligations and is a positive step in managing its long-term financial commitments, benefiting shareholders by potentially reducing future outflows.