IFGL Refractories Limited has announced a major leadership transition that will take effect on March 1, 2026. The company disclosed that James Leacock McIntosh will cease to be Managing Director upon close of business hours on February 28, 2026, and will also step down as Director effective March 1, 2026.

New Managing Director Appointment

Following the recommendation of the Nomination and Remuneration Committee, the Board of Directors has appointed Mihir Prakash Bajoria as the new Managing Director. The appointment is effective from March 1, 2026, for a period of three years until February 28, 2029. This transition aligns with the succession planning measure that was announced on February 27, 2025.

Leadership Transition Details

The cessation of James Leacock McIntosh (DIN: 09287829) as Managing Director is due to efflux of time, as disclosed in the company's regulatory filing. However, McIntosh will continue his association with IFGL Refractories and its wholly owned subsidiary, IFGL Worldwide Holdings Ltd, as a consultant for three years starting March 1, 2026.

New Managing Director's Background

Mihir Prakash Bajoria brings substantial experience in the refractory industry and international business operations. His educational background includes:

• Diploma in International Relations, Politics and Economy from Oxford Brookes University
• International Baccalaureate from Sevenoaks School
• Extensive knowledge of the refractory industry and its intricacies

Bajoria's professional experience includes serving on the Board of the company's UK subsidiary, Monocon International Refractories Ltd, from February 2010 to August 2025. He began as Director and was later elevated to Chairman in 2015, holding that position until August 31, 2025.

Regulatory Compliance

The company has confirmed that Mihir Prakash Bajoria is not debarred from holding the office of Managing Director by virtue of any order from the Securities Exchange Board of India or any statutory authority. The appointment is subject to shareholder approval in accordance with the Companies Act, 2013, and SEBI LODR regulations.

Strategic Continuity

This leadership transition represents a planned succession that ensures continuity in the company's operations and strategic direction. The appointment of Bajoria, who has demonstrated strong leadership and management skills in steering global operations of the IFGL Group, is expected to maintain the company's growth trajectory in the refractory industry.

IFGL Refractories Ltd has announced that its Board of Directors will convene on Saturday, February 14, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting notice was issued on February 3, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Agenda

The board meeting has been scheduled to consider and approve unaudited financial results for both the quarter and nine months ended December 31, 2025. The results will be presented on both standalone and consolidated basis, providing comprehensive insights into the company's financial performance across different operational structures.

Trading Window Restrictions

The company has implemented trading window restrictions in accordance with regulatory requirements. The trading window, which has remained closed since January 1, 2026, will continue to be closed until 48 hours after the declaration of the unaudited financial results. This measure ensures compliance with insider trading regulations and maintains market integrity during the financial disclosure period.

Regulatory Compliance and Communication

IFGL Refractories Ltd has fulfilled its disclosure obligations by notifying both major stock exchanges where its shares are listed. The company trades on the National Stock Exchange of India Ltd under the code IFGLEXPOR and on BSE Limited under the code 540774. The notice has also been made available on the company's official website at ifglgroup.com under the investor announcements section, ensuring transparent communication with all stakeholders.

Company Information

IFGL Refractories Ltd operates with its head and corporate office located at McLeod House, Netaji Subhas Road, Kolkata, while its registered office is situated at Sector B, Kalunga Industrial Estate in Odisha. The company secretary Mansi Damani has signed the regulatory notice, demonstrating proper corporate governance procedures in the disclosure process.