Updates

1st July, 2026 National Stock Exchange of India Ltd BSE Limited 'Exchange Plaza', C-1, Block - G Phiroze Jeejeebhoy Towers Bandra - Kurla Complex Dalal Street Bandra (E), Mumbai 400 051 Mumbai 400 001 Code: IFGLEXPOR Code: 540774 Dear Sir/Madam, Re: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Please find enclosed a copy of the communication sent today to Shareholders whose email addresses are registered with the Company/Registrar and Share Transfer Agent/Depositories. Enclosed Communication pertains to the Deduction of Tax at Source at applicable rate from the Final Dividend at @21.50% i.e. Rs. 2.15/- per Equity Share of Rs. 10 each face value for the Financial Year ended on 31st March, 2026. This Dividend was recommended by the Board of Directors in their meeting held on Saturday, 30th May, 2026 and the same would be payable, if approved by the Shareholders at the 19th Annual General Meeting (AGM) of the Company scheduled to be held on Wednesday, 5th August, 2026. This announcement is also being hosted on Company’s Website: https://ifglgroup.com and shall be available at link https://ifglgroup.com/investor/announcement . Thanking you, Yours faithfully, For IFGL Refractories Ltd. (Mansi Damani) Company Secretary Email : mansi.damani@ifgl.in Encl : As above IFGL REFRACTORIES LIMITED www.ifglroup.com Head & Corporate Office: McLeod House Registered Office: Sector B, Kalunga Industrial Estate 3 Netaji Subhas Road, Kolkata 700 001, India P.O. Kalunga, Dist. Sundergarh, Odisha 770 031, India Tel: +91 33 4010 6100 | Email: ifgl.ho@ifgl.in Tel: +91 661 266 0195 | Email: ifgl.works@ifgl.in CIN: L51909OR2007PLC027954 1st July, 2026 Dear Shareholder(s), Sub: Communication for deduction of Tax from proposed Final Dividend for FY 2025-26 The Board of Directors of IFGL Refractories Limited (hereon ‘Company’) at its meeting held on Saturday, 30th May, 2026 have recommended payment of Final Dividend of Rs. 2.15/- (21.50%) per Equity Share of Rs. 10/- each face value for Financial Year 2025-26, subject to approval of its Shareholders at ensuing 19th Annual General Meeting (hereon ‘AGM’) scheduled to be held on Wednesday, 5th August, 2026 and deduction of tax at source wherever applicable. You are aware that as per the provisions of the Income Tax Act, 2025 (hereon ‘Act’), read with the Rules framed thereunder (as applicable), dividend paid or distributed by the Company is taxable in the hands of the Shareholders and the Company is required to deduct tax at source (TDS) at the prescribed rates from the dividend to be paid to the Shareholders. The rate of TDS would vary depending on the residential status as well as category of the Shareholders, documents submitted by them and accepted by the Company. This communication provides the applicable TDS provisions under the Act for Resident and Non-Resident Shareholder Categories. We request all the Shareholders to take note of the applicable TDS rates and provide the documents to the Company for their respective categories, as applicable. 1. Resident Shareholders: Category of Shareholders Rate/Exemption/Deduction Applicability Mutual Funds TDS is required to be deducted at the rate of 10%. No TDS is required to be deducted where a self-declaration is provided stating that it is eligible for exemption under Schedule VII of Section 11 of the Act, alongwith a self-attested copy of a valid SEBI Registration Certificate and a self-attested copy of PAN card. Insurance Companies TDS is required to be deducted at the rate of 10%. No TDS is required to be deducted where a self-declaration is provided stating that it has full beneficial interest with respect to the shares owned by it along with self-attested copy valid IRDAI Registration Certificate along with a self-attested copy of PAN card. Category I and II Alternative Investment TDS is required to be deducted at the rate of 10%. Fund (AIF) No TDS is required to be deducted where a self-declaration is provided stating that they are established as Category I or Category II AIF under the SEBI Regulations and are eligible for exemption under Schedule V of Section 11 of the Act along with self-attested copy of valid Registration Certificate and a self-attested copy of the PAN card. New Pension System Trust No TDS is required to be deducted where a declaration is provided along with valid self-attested documentary evidence in support of the entity being entitled to exemption under the Act and being regulated by the provisions of the Indian Trusts Act, 1882 along with self-attested copy of the PAN card. Any other entity entitled to exemption No TDS is required to be deducted where valid self-attested documentary from TDS evidence in support of the entity being entitled to TDS exemption is submitted. Other Resident Shareholder 1. TDS is required to be deducted at the rate of 10% on the amount of dividend payable unless exempt under any of the provisions of the Act. 2. No TDS is required to be deducted, if aggregate dividend distributed or likely to be distributed during the financial year to individual Shareholders does not exceed Rs. 10,000/- in case copy of PAN card is provided / available. 3. No TDS is required to be deducted on furnishing of valid Form 121 along with self-attested copy of the PAN card, provided that the eligibility conditions are satisfied. 4. NIL / lower TDS shall be deducted on the dividend payable to the Resident Shareholders on submission of self-declaration along with self-attested copy of documentary evidence supporting the exemption and self-attested copy of PAN card; 5. NIL / lower TDS shall be deducted on the dividend payable to the Resident Shareholders who have provided a valid certificate issued under Section 395(1) of the Act for lower / nil rate of deduction or an exemption certificate issued by the Income Tax Authorities along with declaration. 2.Non-Resident Shareholders: Category of Shareholders Rate/Exemption/Deduction Applicability Foreign Institutional Investors (FIIs) / TDS is required to be withheld/deducted in accordance with the provisions Foreign Portfolio Investors (FPIs) of Section 393(2) read with Section 207(1) of the Act at applicable rates in force [i.e. at the rate of 20% (plus applicable Surcharge and Cess) on the amount of dividend] unless a valid self-attested copy of the SEBI Registration Certificate is provided. Any entity entitled to exemption from TDS TDS is not required to be deducted, if valid self-attested documentary evidence (e.g. relevant copy of registration, order, etc. by Indian Tax Authorities) in support of the entity being entitled to exemption from TDS, has been submitted and acceptable to the Company. Other Non-resident Shareholders (I)As per relevant provisions of the Act, the withholding tax shall be at the (including Foreign Companies, NRI, Foreign rate of 20% (plus applicable Surcharge and Cess) on the amount of dividend. Nationals and other Foreign Entities) To avail beneficial rate of tax treaty, the following documents to be provided: 1. Self-Attested Tax Residency Certificate issued by Revenue Authority of country of residence of Shareholder for the year in which dividend is declared. 2. Self-Attested Indian Tax Identification Number (PAN), if any, allotted by the Indian Income Tax Authorities; 3. Electronically generated Form - 41 from income tax portal; 4. Self-declaration by the Non-Resident Shareholder of fulfilling DTAA eligibility requirement and satisfying beneficial ownership requirement. (Note: Application of beneficial Tax Treaty Rate shall depend upon the completeness of the documents submitted by the Non-Resident Shareholder and acceptable to the satisfaction of the Company. Form-41 in digital format is mandatory for Non-Resident Shareholders having PAN in India or who are required to obtain PAN in India. Form-41 in any other format will not be considered for benefit under DTAA. The Company, in its sole discretion reserves [Showing first 8,000 characters — download PDF for full document]