IFGL REFRACTORIES LTD. - Updates

A meeting of the Board of Directors of the Company was held to-day, whereat Statement of Accounts, both on consolidated and stand-alone basis, for FY 2016-17 duly audited by Company's Statutory Auditors, M/s Deloitte Haskins & Sells were considered and approved. Said financial statements contain results of operation of both the Company and IFRL and also effect of aforesaid merger on and from 1st April, 2016. Important figures thereof are given in the attached letter.<BR> The said figures are also hosted on Company's Website :www.ifglref.com. The Board also recommended payment of Final Dividend at the rate of 20% on Equity Shares of Rs 10/- each i.e. Rs. 2 per Equity Share for FY 2016-17, subject to necessary approvals and/or permissions including of the shareholders at the ensuing Annual General Meeting. <BR> Please refer attached letter for further details.