IFGL Refractories Limited has officially appointed Mr Mukesh Harshadrai Rawal as Additional Director and Non-Executive Non-Independent Director, effective 21st April, 2026. The appointment was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee (NRC) and disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointment Details

The company formally communicated the appointment to both NSE and BSE on 22nd April, 2026, through an official regulatory disclosure. The Board approved Mr Rawal's appointment by passing a resolution by circulation, subject to necessary approvals including shareholder consent.

Future Leadership Transition

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 and Experience

Mr Rawal brings extensive industry expertise to his new role with over four decades of experience in the IFGL Group:

Regulatory Compliance and Governance

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. As part of corporate governance requirements, the company disclosed that Mr Rawal is not related, either directly or indirectly, to any existing Director of the company.

The official disclosure has been hosted on the company's website at ifglgroup.com and is available in the investor announcements section, ensuring full transparency and compliance with regulatory requirements.

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.