IFGL Refractories Ltd has submitted its quarterly compliance confirmation under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The company communicated this regulatory compliance to both the National Stock Exchange of India Ltd and BSE Limited on 8th April, 2026.

Regulatory Compliance Details

The compliance confirmation pertains to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation requires companies to ensure proper handling and processing of dematerialised securities through their registered transfer agents.

Registrar Confirmation

Maheshwari Datamatics Pvt Ltd, serving as the company's Registrar and Share Transfer Agent, provided the compliance confirmation dated 02/04/2026. The registrar confirmed completion of key regulatory requirements during the specified quarter.

The registrar's confirmation included two critical compliance aspects:

• Demat Transfer Register Submission: Confirmation of sending the Demat Transfer Register for the period 01/01/2026 to 31/03/2026 to relevant depositories and all stock exchanges where IFGL Refractories shares are listed
• Securities Destruction: Proper destruction, mutilation, and cancellation of all securities received from concerned Depository Participants after dematerialisation within stipulated timeframes

Stock Exchange Communication

The company submitted the compliance confirmation to both major Indian stock exchanges where its shares are traded.

Corporate Governance

Company Secretary Mansi Damani signed the compliance communication on behalf of IFGL Refractories Ltd. The submission demonstrates the company's adherence to SEBI's regulatory framework governing depositories and participants, ensuring transparent and compliant handling of dematerialised securities.

This quarterly compliance filing reflects IFGL Refractories' commitment to maintaining regulatory standards and providing appropriate disclosures to market participants and regulatory authorities.

IFGL Refractories has announced the resignation of its Director and Chief Executive Officer India, Arasu Shanmugam, effective from the close of working hours on April 6, 2026. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Official Resignation Details

The resignation was formally communicated through an email dated April 6, 2026, citing personal reasons for the departure. The company has accepted the resignation and confirmed that Shanmugam has ceased to hold his position with immediate effect.

Regulatory Compliance and Disclosure

IFGL Refractories has fulfilled its regulatory obligations by filing the necessary disclosures with both the National Stock Exchange of India (NSE) and BSE Limited. The company trades under the code IFGLEXPOR on NSE and 540774 on BSE.

The disclosure follows the SEBI Circular dated January 30, 2026, ensuring complete transparency regarding the leadership change. The announcement has also been made available on the company's official website at ifglgroup.com.

Leadership Transition Impact

In his resignation email, Shanmugam expressed gratitude for his tenure with the organization, describing it as professionally rewarding and personally enriching. He acknowledged the trust and support extended by the Board and highlighted the collective achievements during his association with the company.

The departing CEO emphasized the organization's strengthened market position and the capable team positioned for future success. He committed to ensuring a smooth transition process, including mentoring his successor and completing ongoing priorities.

Corporate Governance Implications

The immediate effective date of the resignation represents a significant development in the company's corporate governance structure. Unlike typical executive transitions that involve extended notice periods, this resignation took effect on the same day it was communicated, indicating the urgent nature of the personal circumstances involved.

IFGL Refractories will now need to focus on succession planning and maintaining operational continuity as it navigates this unexpected leadership transition in its India operations.