IFGL Refractories Limited published its unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Following the financial results disclosure, the company hosted its Q3FY26 earnings conference call on February 17, 2026.

Q3FY26 Earnings Conference Call Details

The Q3FY26 earnings conference call was organized by Monarch Networth Capital and held on February 17, 2026, at 4:00 PM IST. The company has made the audio recording of the earnings call available on its website for stakeholder access.

Q3FY26 Consolidated Financial Performance

The company's consolidated financial performance for Q3FY26 shows mixed results with revenue growth but profitability challenges:

Nine-Month Consolidated Results

For the nine months ended December 31, 2025, the consolidated performance demonstrated strong growth:

Regulatory Compliance and Communication

The company published extracts of its unaudited consolidated financial results in Business Standard (All Editions) and Pratidin (Odia Newspaper) on February 16, 2026. Company Secretary Mansi Damani communicated the earnings call details to both NSE and BSE through official regulatory filings.

Corporate Structure and Operations

IFGL Refractories Limited operates with its head and corporate office located at McLeod House, Netaji Subhas Road, Kolkata, while the registered office is situated at Sector B, Kalunga Industrial Estate in Odisha. The company completed a 1:1 bonus share issue on July 21, 2025, with the paid-up equity share capital standing at ₹7,208 lakhs with a face value of ₹10 per share.

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.