IFGL Refractories Ltd Announces Resignation of Chief Human Resource Officer Abhay Kapoor

1 min read     Updated on 27 Jan 2026, 06:50 PM
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Overview

IFGL Refractories Ltd has announced the resignation of Chief Human Resource Officer Abhay Kapoor, effective January 27, 2026, due to personal reasons. The company disclosed this leadership change under SEBI regulations to both NSE and BSE. Mr. Kapoor expressed appreciation for his time with the company and cited personal commitments as the reason for his departure.

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IFGL Refractories Ltd has announced the resignation of its Chief Human Resource Officer (CHRO), Mr. Abhay Kapoor, effective from the close of working hours on January 27, 2026. The company disclosed this leadership change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Kapoor submitted his resignation via email on January 27, 2026, citing personal reasons for his departure. The resignation takes immediate effect from the close of business hours on the same day.

Parameter Details
Position Chief Human Resource Officer (CHRO)
Resignation Date January 27, 2026
Effective Time Close of working hours
Reason Personal reasons and commitments

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both major stock exchanges where its shares are listed. IFGL Refractories trades on the National Stock Exchange under the code IFGLLEXPOR and on BSE Limited under code 540774.

Departure Communication

In his resignation email, Mr. Kapoor expressed gratitude for his tenure with the organization, stating that he enjoyed working with IFGL Refractories Limited. He cited other personal commitments as the primary reason for his departure and extended warm regards and best wishes for the company's future endeavours.

Corporate Information

IFGL Refractories Limited operates with its head and corporate office located at McLeod House, Netaji Subhas Road, Kolkata, while its registered office is situated in Sector B, Kalunga Industrial Estate, Odisha. The company has made this announcement available on its official website at ifglgroup.com in the investor announcements section.

Historical Stock Returns for IFGL Refractories

1 Day5 Days1 Month6 Months1 Year5 Years
-0.96%-12.83%-19.54%-35.25%-16.95%+36.25%

IFGL Refractories Discloses Material Subsidiary's Auditor Insolvency Issue

1 min read     Updated on 20 Jan 2026, 07:20 PM
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Overview

IFGL Refractories Ltd disclosed that its UK material subsidiary Sheffield Refractories' auditor C J Woodhead & Co Ltd entered insolvency proceedings under the UK Insolvency Act 1986, with a liquidator appointed on October 28, 2025. The subsidiary learned of this development on January 19, 2026, and is now seeking to appoint a new audit firm to fill the vacancy.

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IFGL Refractories Ltd has made a regulatory disclosure regarding a significant development affecting its UK-based material subsidiary's auditing arrangements. The company informed stock exchanges on January 20, 2026, about the insolvency of its subsidiary's auditor under SEBI's listing regulations.

Auditor Insolvency Details

Sheffield Refractories Ltd, the UK-based material subsidiary of IFGL Refractories, communicated on January 19, 2026, that their auditor C J Woodhead & Co Ltd had entered insolvency proceedings. The auditing firm filed an application for insolvency following provisions of the UK Insolvency Act 1986, with a liquidator being appointed on October 28, 2025.

Parameter: Details
Affected Subsidiary: Sheffield Refractories Ltd, UK
Former Auditor: C J Woodhead & Co Ltd
Insolvency Date: October 28, 2025
Notification Date: January 19, 2026
Legal Framework: UK Insolvency Act 1986

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. IFGL Refractories communicated this development to both the National Stock Exchange of India (NSE code: IFGLEXPOR) and BSE Limited (code: 540774) on January 20, 2026.

Impact and Next Steps

As a direct consequence of the insolvency proceedings, C J Woodhead & Co Ltd is no longer serving as Sheffield Refractories' auditor. The UK subsidiary has indicated that it will appoint a new audit firm to fill the vacancy created by this situation. Sheffield Refractories' Managing Director Trevor Staton confirmed that particulars about the new auditor appointment would be shared within the next few days.

Corporate Communication

The disclosure has been made available on IFGL Refractories' official website at ifglgroup.com under the investor announcements section. Company Secretary Mansi Damani signed the regulatory filing, ensuring compliance with stock exchange notification requirements. The communication included the original letter from Sheffield Refractories dated January 19, 2026, providing transparency about the subsidiary's auditor change circumstances.

Historical Stock Returns for IFGL Refractories

1 Day5 Days1 Month6 Months1 Year5 Years
-0.96%-12.83%-19.54%-35.25%-16.95%+36.25%

More News on IFGL Refractories

1 Year Returns:-16.95%