IFGL Refractories Ltd has appointed Ashok Kumar Kedia and Frank Mitchell as co-presidents of Mono Ceramics Inc (MCI), its material subsidiary in the United States. The appointments are effective from August 16, 2026.

The leadership change follows the cessation of Mukesh Harshadrai Rawal as president of MCI with effect from the close of August 15, 2026. The company had previously intimated the stock exchanges regarding this transition via disclosures dated April 22, 2026, and August 8, 2026.

Regulatory Disclosure

The appointment was disclosed pursuant to Regulation 30 read with Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular bearing No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026.

Leadership Profiles

Ashok Kumar Kedia, who joins as co-president, is a US citizen of Indian origin and currently serves as Vice President of Finance and IFGL USA Group Finance Head. He holds a B.Com. (Hons.) degree from Calcutta University and possesses Associate Membership of ICAI, ICSI, ICMAI, and IMA(USA). Additionally, he holds a CPA license from the State of Montana Board of Public Accountants. Kedia joined the IFGL Group in April 1998, accumulating more than 28 years within the group and a total of 34 years of experience primarily in the manufacturing industry.

Frank Mitchell, the other co-president, is a US citizen who previously served as Vice President of Manufacturing at MCI. He holds a High School Diploma and has completed college coursework. Mitchell joined the company in October 1988, bringing more than 37 years of tenure with the company and a total of 40 years of experience primarily in the manufacturing industry.

Both executives bring extensive hands-on operational and executive experience to their new roles.

IFGL Refractories ifgl refractories has appointed Mukesh Harshadrai Rawal as its Whole-time Director and Chief Executive Officer India. The Board of Directors approved the appointment during a meeting held on August 8, 2026, following a recommendation from the Nomination and Remuneration Committee. The three-year tenure begins on August 16, 2026, and concludes on August 15, 2029. This leadership change positions Rawal to oversee domestic operations as he transitions from his current international roles within the group.

The appointment is subject to necessary approvals, including those from the Company’s shareholders and the Central Government. Mr Rawal will retire by rotation at the end of each financial year, in accordance with statutory requirements. His remuneration and other terms have been mutually agreed upon between him and the Company. The Board confirmed that Mr Rawal is not debarred from holding office by any order of the Securities and Exchange Board of India or any other statutory authority, as per Circular No. LIST/COMP/14/2018-19 and NSE/CML/2018/24 dated June 20, 2018.

Leadership Transition Details

Mukesh Harshadrai Rawal brings extensive industry experience to the role, having joined the IFGL Group in 1983. He holds a Bachelor of Engineering degree in Metallurgy and possesses deep expertise in both the refractories and iron and steel sectors. Currently, he serves as the President of Mono Ceramics Inc., the Company’s material subsidiary in the United States, and as Head – Americas. He will cease to hold these offices effective close of business on August 15, 2026, to assume his new responsibilities in India.

Mr Rawal is not related to any existing Director of the Company. The Company Secretary, Mansi Damani, signed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was submitted to both the National Stock Exchange of India Ltd and BSE Limited.

Strategic Implications

The appointment marks a significant shift in leadership focus for IFGL Refractories’ domestic operations. By bringing an executive with over four decades of experience within the group and specific expertise in metallurgy and refractories, the Board aims to leverage internal institutional knowledge. Rawal’s background in the US market may also inform global best practices applied to Indian operations, although the filing does not specify strategic initiatives tied to this move. The requirement for shareholder approval indicates that the compensation package or terms may involve significant discretion or long-term incentives requiring stakeholder consent.