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.

ifgl refractories has completed the voluntary liquidation of its step-down subsidiary, Hofmann Ceramic CZ s.r.o, effective July 1, 2026. The subsidiary's name has been deleted from the Commercial Register kept at the Regional Court in Pilsen, Czech Republic. This strategic move concludes the operations of the Czech entity, which had a negligible financial impact on the consolidated financial statements.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the financial details of the subsidiary for the financial year ended March 31, 2026, in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The financial parameters of Hofmann Ceramic CZ s.r.o indicate minimal contribution to the group's overall performance. The turnover and net worth figures were rounded off to two decimal places and showed no significant percentage share in the consolidation.

The liquidation process did not involve a sale agreement, and no consideration was received. The transaction was not classified as a related party transaction and did not fall within a scheme of arrangement. The company confirmed that the disposal was conducted outside any slump sale arrangement.