IFGL Refractories to pay ₹2.15 dividend on or after August 10

ifgl refractories shareholders approved a final dividend of ₹2.15 per equity share at its 19th Annual General Meeting (AGM) held on August 5, 2026. The company has confirmed that the dividend payment will be made on or after August 10, 2026, to shareholders whose names appeared on the Register of Members as of July 29, 2026. This payout represents a 21.5% dividend yield on the ₹10 face value shares for the financial year ended March 31, 2026.

The eligibility criteria for the dividend payout cover both dematerialized and physical holdings. Beneficial owners holding shares in demat form must have their names reflected in the records furnished by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) at the end of business hours on Wednesday, July 29, 2026. Similarly, holders of equity shares in physical form as of July 29, 2026, are eligible for the payment. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and hosted on the company’s website.

AGM Outcomes and Voting Details

The AGM, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw the passage of all four proposed ordinary resolutions. The voting process was scrutinized by CS P K Sarawagi of M/s P. Sarawagi & Associates, in compliance with Regulation 44(3) of the SEBI LODR Regulations and Section 108 of the Companies Act, 2013. Remote e-voting was conducted from August 2 to August 4, 2026, with on-the-day voting available via NSDL.

Out of 22,292 shareholders on the record date, 80 members participated, representing 63,044,939 votes polled out of 72,078,624 shares held. The final dividend resolution received overwhelming support, with 99.9998% of votes cast in favor (63,044,797 votes) and only 142 votes against.

Additionally, shareholders approved the re-appointment of Mihir Prakash Bajoria (DIN: 09346426) as a director liable to retire by rotation. While the promoter group voted unanimously in favor, institutional investors showed some dissent, resulting in an overall approval rate of 96.5104%. The ratification of remuneration for cost auditors M/s Mani & Co. also passed with near-unanimous support (99.9994%).

Resolution Description	Votes In Favor	Votes Against	% Support	Status
Final Dividend @ ₹2.15 per share for FY26	63,044,797	142	99.9998%	Passed
Re-appointment of Mihir Prakash Bajoria	60,844,926	2,200,013	96.5104%	Passed
Ratification of Cost Auditor Remuneration	63,044,587	352	99.9994%	Passed
Adoption of Audited Financial Statements	63,044,797	142	99.9998%	Passed

What the Numbers Show

The voting data reveals a distinct divergence in shareholder sentiment regarding director re-appointment compared to financial matters. While the dividend and financial statements saw virtually unanimous support (>99.99%), the re-appointment of Mihir Prakash Bajoria faced notable opposition from institutional investors. Although the promoter group supported the appointment fully, public institutions voted 23.54% against the resolution. This suggests that while operational strategies remain aligned with shareholder interests, there may be specific concerns among institutional holders regarding board composition, warranting continued monitoring of corporate governance disclosures.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.17%	+12.37%	-7.61%	+18.53%	-7.38%	+5.17%

IFGL Refractories Limited has appointed Mr. Mukesh Harshadrai Rawal as a Non-Executive Non-Independent Director, effective from 17th July, 2026, following approval through a postal ballot. The resolution received 99.976% of the total valid votes cast, securing the requisite majority from shareholders. The appointment fills the position of a director liable to retire by rotation.

The e-voting process was conducted by NSDL from 18th June, 2026 to 17th July, 2026. A total of 152 members participated, casting 63,221,058 votes. The scrutinizer, CS P K Sarawagi of M/s P Sarawagi & Associates, certified the results in a report dated 17th July, 2026.

Voting Breakdown

The voting results indicated strong support across all shareholder categories. Promoters and the promoter group cast 52,209,548 votes, all in favour. Public institutions and non-institutions also voted overwhelmingly in favour of the resolution.

Category	Votes In Favour	Votes Against	Total Votes Polled
Promoter and Promoter Group	52,209,548	0	52,209,548
Public- Institutions	9,458,162	9,460	9,467,622
Public- Non Institutions	1,538,150	5,738	1,543,888
Total	63,205,860	15,198	63,221,058

Procedural Details

The postal ballot notice was dated 13th June, 2026, and the record date for determining eligibility was 12th June, 2026. The company disclosed the results under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The requisite advertisements were published in "Pratidin" and "Business Standard" on 17th June, 2026.

Mr. Mukesh Harshadrai Rawal (DIN: 11676514) assumes the role of Non-Executive Non-Independent Director. The scrutinizer confirmed that the votes were unblocked on 17th July, 2026, in the presence of witnesses. The detailed voting results and scrutinizer's report are available on the company's website.