IFGL Refractories Ltd

IFGL Refractories Ltd. will hold a board meeting on Friday, November 13, 2026, to consider and approve unaudited financial results for both standalone and consolidated bases for the quarter and six months ended September 30, 2026, according to a regulatory filing. The trading window for designated persons and their immediate relatives, which closed on October 1, 2026, will remain closed until 48 hours after the financial results are declared.

IFGL Refractories Limited announced the termination of a Joint Venture Agreement dated October 14, 2024, with Marvels International Group Company Limited (Seychelles) and Marvel Refractories (Anshan) Company Limited (People’s Republic of China), held by a US citizen, Mr. Yi Chun Lu, which formed the joint venture entity IFGL-Marvels Refractories Limited; the termination, effective October 14, 2026, resulted in no contribution of shares from Marvels International Group Company Limited, leaving the Company with the entirety of the shareholding in the joint venture entity, and a Representation Agreement with Marvel Refractories (Anshan) Company Limited will terminate on November 9, 2026.

IFGL Refractories Ltd. will close its trading window for all designated persons and their immediate relatives starting October 1, 2026, and will reopen 48 hours after the company’s board of directors approves its unaudited financial results for the quarter and six months ending September 30, 2026, which will be disclosed to the National Stock Exchange of India Ltd. and BSE Limited.

IFGL Refractories Ltd announced that ICRA Limited (ICRA) reaffirmed the ratings for its various instruments, as communicated via email dated August 19, 2026, including a long-term rating of [ICRA]AA- (Stable) for the fund-based cash credit/packing credit facility of Rs 163.05 crores and a long-term rating of [ICRA]AA- (Stable) for the fund-based term loan of Rs 84.95 crores, both regulated by the RBI; short-term ratings of [ICRA]A1+ were reaffirmed for the non-fund-based letter of credit/bank guarantee of Rs 25.00 crores and the interchangeable limits for letter of credit/bank guarantee of Rs 61.00 crores (a sub-limit to the fund-based working capital limits), also regulated by the RBI; SEBI’s grievance redressal mechanisms are not applicable to these RBI-regulated instruments.

IFGL Refractories Limited announced that Mr. Ashok Kumar Kedia and Mr. Frank Mitchell have been promoted and appointed as Co-Presidents of Mono Ceramics Inc (MCI), a material subsidiary of the company in the U.S., effective August 16, 2026. The appointments follow the cessation of Mr. Mukesh Harshadrai Rawal as President of MCI, effective August 15, 2026, which was previously disclosed to the National Stock Exchange of India Ltd and BSE Limited.

IFGL Refractories Ltd. announced that its Board of Directors appointed Mukesh Harshadrai Rawal as a Whole-time Director and Chief Executive Officer India for a period of three years, effective August 16, 2026, to August 15, 2029, following a recommendation from the Nomination and Remuneration Committee. Mr. Rawal, a U.S. national of Indian origin, will cease to hold his current positions as President of Mono Ceramics Inc and Head – Americas from the close of August 15, 2026.

IFGL Refractories Ltd share price inched up 0.13% to Rs 227.35 after the company's net profit registered a growth of 19.47% to Rs 17.06 crore, while revenue from operations slightly gained 6.09% to Rs 512.37 crore in Q2FY26 over Q1FY26. The market capitalization of Electrodes & Refractories industry group stocks on BSE stood at Rs 52005.53 crore, remained flat. It has marginally improved by 4.60% over last one week and crept higher by 3.89% in last one month while the market capitalization of IFGL Refractories Ltd has improved by 8.75% and 18.72% in the same period respectively. Profit before tax (PBT) of IFGL Refractories Ltd stood at Rs 23.14 crore in Q2 FY26, surging by 52.54% year-on-year, and jumping 36.04% quarter-on-quarter. EBITDA came in at Rs 34 crore, easing 3.91% YoY and declining 4.80% sequentially. Total expenses posted a minor rise of 5.23% to Rs 489.01 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 269.62 crore, increasing 18.68% YoY, while employee benefits expense was at Rs 84.48 crore, expanding by 9.37% YoY. For the TTM ended FY26, revenue from operations advanced 14.59% to Rs 1894.25 crore, while net profit fell 19.26% to Rs 34.7 crore, compared to previous TTM. EBITDA jumped by 11706% to Rs 126.21 crore, and PBT plunged by 24.19% to Rs 45.14 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 63.38 crore in FY26, as against Rs 28.28 crore in FY25. IFGL Refractories Ltd declined by 4.09% in last one year, significantly underperforming the benchmark BSE Sensex which has eased by 2.63% during the same period.

IFGL Refractories Ltd. announced that its shareholders approved a final dividend of Rs 2.15 per equity share, equivalent to 21.5%, at the company’s 19th Annual General Meeting held on August 5, 2026, with payment scheduled to commence on or after August 10, 2026, to shareholders on record as of July 29, 2026.

IFGL Refractories Ltd. will hold a board meeting on August 8, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026, both on a standalone and consolidated basis, according to a regulatory filing. The trading window for designated persons and their immediate relatives, which closed on July 1, 2026, will remain closed until 48 hours after the declaration of the financial results.

IFGL Refractories announced that the 19th Annual General Meeting(AGM) of the company will be held on 5 August 2026.