Further to our letter dated 11th August, 2026 please find enclosed herewith Transcript of Earnings Conference Call on 1QFY27, held on Tuesday, 11th August, 2026. A copy of this is also ....

17th August, 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 Further to our letter dated 11th August, 2026 please find enclosed herewith Transcript of Earnings Conference Call on 1QFY27, held on Tuesday, 11th August, 2026. A copy of this is also being hosted on Company's Website: https://ifglgroup.com/investor/meetings-reports/ . Thanking you, Yours faithfully, For IFGL Refractories Ltd. (Mansi Damani) Company Secretary Encl: As above IFGL REFRACTORIES LIMITED www.ifglgroup.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 “IFGL Refractories Limited Q1 FY27 Earnings Conference Call” August 11, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 11th August, 2026 will prevail MANAGEMENT: MR. MIHIR P. BAJORIA – MANAGING DIRECTOR MR. MUKESH H. RAWAL – DIRECTOR MR. MANOJ RAKHECHA – CHIEF EXECUTIVE OFFICER – MONOCON MR. AMIT AGARWAL – CHIEF FINANCIAL OFFICER SGA, INVESTOR RELATIONS ADVISORS MODERATOR: MR. SAHIL SANGHVI – MONARCH NETWORTH CAPITAL Page 1 of 12 IFGL Refractories Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to IFGL Refractories Limited Q1 FY27 Earnings Conference Call hosted by Monarch Networth Capital. Before we begin, a brief disclaimer. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call. These statements are not guarantee of future performance and involve risks and uncertainties that are difficult to predict. As a reminder, all participants' lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star and zero on your touchtone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Sahil Sanghvi from Monarch Networth Capital. Thank you, and over to you, sir. Sahil Sanghvi: Thank you, Pari. Good evening, everyone. On behalf of Monarch Networth Capital, I welcome you all to the Q1 FY27 Earnings Conference Call of IFGL Refractories Limited. We are pleased to have with us the management team represented by Mr. Mihir Bajoria, Managing Director; Mr. Mukesh Rawal, Director; Mr. Manoj Rakhecha, Chief Executive Officer Monocon; Mr. Amit Agarwal, Chief Financial Officer. We will have the opening remarks from Mr. Mihir Bajoria, which will be followed by a Q&A session. Thank you, and over to you, Mihir, sir. Mihir Bajoria: Hello. Good evening, ladies and gentlemen. Thank you for joining us on IFGL Refractories Limited Q1 FY27 Earnings Conference Call. I am joined by Mr. Mukesh Rawal ji, Directoro; Mr. Manoj Rakhecha, CEO of Monocon; and Mr. Amit Agarwal CFO IFGL; and SGA, our Investor Relations Advisors. Our results and investor presentation have been uploaded on the stock exchanges and on company websites. We trust you have had the opportunity to review them. Let me start with industry updates followed by our performance for the quarter. We faced multiple challenges in FY26, including geopolitical uncertainties, supply chain disruptions, delays in capex spending and rising input costs. Despite these headwinds, IFGL delivered growth ahead of the underlying industry performance and was supported by strong growth in the domestic market, along with continued customer additions and expansion of our wallet share across key customers and in our global business. On the industry front, India continues to end up as the strongest major steel market with steel demand forecast to grow by 7.4% in '26 and 9.2% in '27. IFGL with a large presence is in a very strong position. U.S.A. steel production has been robust and has grown 6% year-on-year, which is reflected in the results of our U.S. subsidiaries. Europe steel demand is bottoming out with growth expected to revive in '26 and ’27 and financial results as published by the big steel groups in Europe, such as Arcelor Mittal Europe, Newport USA, SSAB Europe, etc., present a picture of overall growth in the industry. Page 2 of 12 IFGL Refractories Limited August 11, 2026 Speaking of IFGL and its positioning - IFGL delivered a strong performance with consolidated growth of 13% year-on-year in Q1, supported by India and overseas operations. Details will be shared by my colleagues, Mukesh-ji and Manoj. As I take on my expanded responsibility as Managing Director, I remain committed to building on the strong foundation established over the year. The senior management team of IFGL is now in place and completely focused to take IFGL to higher levels and delivering greater value to its shareholders and investors. With that, I now hand over to the team to discuss the operation and financial performance for the quarter in greater detail. Thank you, and over to you. Mukesh Rawal: Thank you, Mihir. Good evening, everyone. It is a pleasure to be speaking with all of you today. As Mihir mentioned earlier, I will be transitioning into the role of Chief Executive Officer, India Operations. Against the backdrop of strong steel demand and continued capacity expansion of steel manufacturing capacity in India as well as forecast to grow by 7.4% in 2026 and 9.2% in 2027, we remain very positive about the outlook of our domestic business. Now I will take you through the financial performance of Q1 FY27. Revenue for Q1 FY27 stood at INR297 crores, registering an 8% year-on-year growth in our standalone business. With domestic revenue growing 7% and export increasing 9%, and we remain confident of growing ahead of underlying market over the medium term. Coming to profitability. EBITDA for the standalone business stood at INR31 crores in the current quarter, a decline of 17% year-on-year. The contraction was primarily driven by higher raw material costs arising from geopolitical uncertainties and supply chain disruptions, along with elevated LPG costs due to availability constraints during the quarter. To mitigate these pressures, we have implemented appropriate price increase across customers and product categories. However, given the nature of our business, there is typically a time lag in passing on cost increases with some of the elevated costs being absorbed in near term. We expect the benefits of pricing actions to flow through progressively over the coming quarters. Needless to say, our IFGL team have risen to the occasion and ensured our manufacturing plants are operating without hindrance in spite of headwinds and supply chain disruptions. As mentioned earlier, we are having extra impetus on new products and categories such as bricks, casting flux and various products from our group company, Sheffield Refractories. IFGL also is working very closely with Monocon, who has its own engineering division to bring some of the advanced refractory application equipment to the market. With that, I would like to invite Manoj to provide an update on our overseas business. Manoj Rakhecha: Yes. Thank you, Mukesh ji and Mihir. Good evening, everyone. Our focus remains on strengthening our product portfolio, improving operational efficiencies and leveraging our global capabilities to cross-sell products across multiple geographies. Page 3 of 12 IFGL Refractories Limited August 11, 2026 In Q1 financial year '26-'27, we saw improving demand c [Showing first 8,000 characters — download PDF for full document]