IFGL Refractories Limited has scheduled its 19th Annual General Meeting (AGM) for Wednesday, August 5, 2026, at 11 AM IST via video conferencing. The Board has recommended a final dividend of ₹2.15 per equity share, or 21.5%, for the financial year 2025-26, pending approval by shareholders at the AGM. The meeting will be conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dividend Details

If the dividend is approved, payment will be made on or after Monday, August 10, 2026. To be eligible for the payout, shareholders must hold shares as of Wednesday, July 29, 2026. This applies to both dematerialized shares, where beneficial owner status is determined by records from NSDL and Central Depository Services (India) Limited (CDSL), and physical shareholdings. The company has discontinued dividend warrant payments, processing dividends solely through electronic mode to members with registered bank details.

AGM Participation and Voting

Shareholders can attend the AGM exclusively through video conferencing or other audio visual means. Attendance via this mode will count towards the quorum under Section 103 of the Companies Act, 2013. The company has facilitated remote e-voting through National Securities Depository Limited (NSDL) for members holding shares as of the cut-off date of July 29, 2026. E-voting will also be available on the day of the meeting. Login credentials for voting will be sent to registered email addresses.

Key AGM Dates

The notice of AGM and the complete Annual Report for FY 2025-26 are being sent electronically to members with registered email addresses. These documents are also available on the company’s website and the websites of BSE Limited and National Stock Exchange of India Limited. Members holding shares in physical form must update their email and bank details with the Registrar and Share Transfer Agent, M/s Maheswari Datamatics Private Limited, to ensure seamless communication and dividend receipt.

IFGL Refractories has established the tax deduction framework for the final dividend of Rs 2.15 per share declared for the financial year ended March 31, 2026. The company specified that tax will be deducted at source (TDS) at applicable rates, with the exact amount varying based on the shareholder's residential status and category. Shareholders must submit relevant documentation by July 29, 2026, to facilitate the correct tax withholding.

The Board of Directors recommended the final dividend of 21.50%, or Rs 2.15 per equity share of Rs 10 face value, during its meeting on May 30, 2026. This payout is contingent upon approval by shareholders at the 19th Annual General Meeting scheduled for August 5, 2026. The communication outlines the specific TDS provisions for various resident and non-resident shareholder categories under the Income Tax Act, 2025.

For resident shareholders, the standard TDS rate is set at 10%. However, exemptions are available for specific entities such as Mutual Funds, Insurance Companies, and Category I and II Alternative Investment Funds (AIFs) upon submission of valid self-declarations and registration certificates. Individual resident shareholders are exempt from TDS if the aggregate dividend distributed during the financial year does not exceed Rs 10,000, provided a PAN card is on record.

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), face a withholding tax rate of 20%, plus applicable surcharge and cess. To avail of beneficial tax treaty rates, non-resident shareholders must submit a Tax Residency Certificate, Indian PAN, and Form 41. The company reserves the right to determine the applicability of treaty rates based on the completeness of submitted documents.

The company emphasized that shareholders without a valid PAN or those with invalid PAN details will be subject to TDS deduction at the higher rate of 20% under Section 397(2) of the Income Tax Act. Shareholders are advised to update their bank account details, PAN, and contact information with their depositories or the Registrar and Share Transfer Agent to ensure timely dividend credit.