IFGL Refractories Limited has announced a significant leadership appointment, naming Mr Mukesh Harshadrai Rawal as Additional Director and Non-Executive Non-Independent Director. The appointment, effective 21st April, 2026, was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee.

Board Appointment Details

The company disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board approved Mr Rawal's appointment by passing a resolution by circulation, subject to necessary approvals including shareholder consent.

Future Leadership Role

Following the NRC's recommendation, Mr Rawal is proposed for appointment as Whole-time Director of the company. He is slated to assume the combined role of Director and Chief Executive Officer from 16th August, 2026, subject to requisite approvals from the Board, shareholders, and the Central Government. Upon taking this new position, he will cease to hold the office of President of MCI at the close of business hours on 15th August, 2026.

Professional Background

Mr Rawal brings extensive industry experience to his new role:

• Education: Bachelor of Engineering in Metallurgy
• IFGL Group Tenure: Joined in 1983 (over 40 years of experience)
• Current Positions: President of Mono Ceramics Inc and Head of IFGL Group - Americas
• Industry Expertise: Vast experience in refractories and iron and steel industries
• Recognition: Well-known among manufacturers of refractories and iron and steel in India and abroad

Regulatory Compliance

The company confirmed that Mr Rawal is not debarred from holding the office of Director by any order of the Securities and Exchange Board of India or any other statutory authority. The disclosure has been hosted on the company's website at ifglgroup.com and is available in the investor announcements section.

Corporate Governance

As part of the disclosure requirements, the company confirmed that Mr Rawal is not related, either directly or indirectly, to any existing Director of the company. This appointment reflects the company's commitment to strengthening its leadership team with experienced industry professionals while maintaining proper corporate governance standards.

IFGL Refractories has announced the resignation of Mr. Subbaraman Swaminathan, Vice President - Projects, effective from the close of working hours on April 14, 2026. The resignation was submitted via email on April 13, 2026, with the executive citing personal reasons for his departure.

Regulatory Disclosure Details

The company has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was communicated to both the National Stock Exchange of India Ltd (NSE Code: IFGLEXPOR) and BSE Limited (Code: 540774).

Executive's Role and Responsibilities

Mr. Subbaraman Swaminathan served as Vice President - Projects and Head of Wankaner Operations for the company. In his resignation email addressed to Rajesh Agarwal, he expressed gratitude to the IFGL management for the opportunity and confirmed his commitment to ensuring a smooth handover of job responsibilities.

Corporate Governance Compliance

The resignation disclosure follows the standard SEBI framework for reporting changes in key managerial personnel. The company has fulfilled all regulatory requirements by:

• Providing timely notification to stock exchanges
• Disclosing the reason for resignation
• Specifying the exact effective date and time
• Publishing the announcement on the company website at ifglgroup.com

Documentation and Transparency

IFGL Refractories has maintained full transparency in the process, with Company Secretary Mansi Damani digitally signing the official communication on April 14, 2026. The complete resignation email from Mr. Subbaraman has been included as an enclosure to the regulatory filing, demonstrating the company's commitment to comprehensive disclosure practices.