BSECompany Update21h ago · 19 Aug 2026, 07:57 pm
Please be informed that Rating Agency, ICRA Limited (ICRA) by an e-mail dated 19th August, 2026, inter alia informed the following ratings to the Company. Aforesaid disclosure is being ....
IFGL Refractories Ltd · 540774
✦ AI SummaryRating Change
IFGL Refractories Ltd has received a reaffirmation of its credit ratings from ICRA Limited for its long-term and short-term facilities, with ratings of AA- and A1+ respectively.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10
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Full Announcement
IFGL Refractories Ltd - 540774 - Announcement under Regulation 30 (LODR)-Credit Rating
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19th 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 under Schedule III Part A: Intimation of Credit Rating read with SEBI Circular
bearing No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 last updated on 30th January, 2026
Please be informed that Rating Agency, ICRA Limited (ICRA) by an e-mail dated 19th August, 2026, inter alia
informed the following to the Company.
Instrument Current Rated Amount Rating Action Financial Sector
(Rs in crores) Regulator #
Long term - Fund-based - Cash 163.05 [ICRA]AA- RBI
Credit/Packing Credit (Stable): reaffirmed
Long term - Fund-based - Term 84.95 [ICRA]AA- RBI
Loan (Stable): reaffirmed
Short term – Non-Fund based - 25.00 [ICRA]A1+: RBI
Letter of Credit/Bank Guarantee reaffirmed
Short term – Interchangeable limits (61.00) [ICRA]A1+: RBI
- Letter of Credit/Bank Guarantee * reaffirmed
Total 273.00
# SEBI’s grievance redressal/dispute resolution and SEBI investor protection mechanisms such as SCORES and
ODR shall not be available for activities and instruments which fall under the regulatory purview of Financial
Sector Regulators other than SEBI.
* Non-fund based limits of Rs. 61.00 crore is the sub-limit to the fund-based working capital limits
Aforesaid disclosure is being made following Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 for information and record of all concerned.
This announcement is also being hosted on Company’s Website: https://ifglgroup.com/ at link
https://ifglgroup.com/investor/credit-rating/.
Thanking you,
Yours faithfully,
For IFGL Refractories Ltd.
(Mansi Damani)
Company Secretary
E Mail : mansi.damani@ifgl.in
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