Nilachal Refractories Ltd — Important, 09-05-2026: Company Update

Nilachal Refractories' board has approved the sale of substantially all its movable fixed assets, including plant, machinery, and capital work-in-progress. This strategic move requires shareholder approval. The board also approved material related party transactions for this asset disposal with four entities, each valued up to ₹2 Crore, under arm's-length terms. An Extra-Ordinary General Meeting (EGM) has been approved to seek shareholder consent for these transactions. Additionally, the Company Secretary & Compliance Officer has resigned due to a family emergency.