IFGLREFRAC

Ifgl Refractories Ltd has informed the Exchange that the Board of Directors of the Company in their meeting held on May 07, 2008 recommended payment of Dividend at the rate of 20% i.e. Rs.2 per Equity Share for the year ended March 31, 2008, subject to necessary approvals.

Ifgl Refractories Ltd has submitted to the Exchange a copy of the Minutes of the Annual General Meeting held on August 24, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/IFGL_AGM_29082007.zip target=NEW> For more details click here.</a>

Ifgl Refractories Ltd has informed the Exchange that: "The State Pollution Control Board, Orissa has, based on submissions made by the Company, passed an Order on 21st July, 2007 thereby allowed operation of Unit II of the Company and pursuant thereto sealing of mixer section thereof has been removed to-day (July 23, 2007) and said mixer section has now started functioning. While it would be continued endeavour of the Company to abide by all statutory obligations thereby ensure that issues raised by Pollution Control authorities do not exist any more".

Ifgl Refractories Ltd has informed the Exchange that "pursuant to a Direction issued by the State Pollution Control Board, Orissa, mix section of unit II of the Company was sealed on Thursday, 5th July, 2007. The Company is committed to abide by all statutory obligations including regulations relating to pollution control. It has made appropriate submissions to OSPCB for removal of said sealing at the earliest. Meanwhile, suitable steps have been taken to minimize adverse effects resulting therefrom".

Ifgl Refractories Ltd has informed the Exchange that forthcoming Annual General Meeting of the Shareholders will be held on August 24, 2007 to receive, consider and adopt audited Statements of Accounts, both on stand alone and consolidated basis, for financial year ended March 31, 2007, to declare Dividend for said financial year and to transact other business mentioned in the Notice being issued in regard thereto. In connection therewith, Share Transfer Books and Register of Members of the Company will remain closed from August 21, 2007 to August 24, 2007, both days inclusive.

Ifgl Refractories Ltd has informed the Exchange that the Board of Directors in their meeting held to-day (i.e. May 10, 2007) recommended for payment of Dividend at the rate of 17.5% i.e. Rs.1.75 per Equity Share for the financial year ended March 31, 2007 subject to necessary approvals.

Ifgl Refractories Ltd has informed the Exchange that " Monocon International Refractories Limited (MIRL), being the step down subsidiary of the Company, has entered into a non-binding Heads of Agreement for acquisition of 100% of the total issued share capital of Trent Refractories Limited of UK subject to such confirmatory reviews MIRL may deem fit, proper and necessary. Trent is engaged in manufacture of Castables, monolithics, pre-cast shapes etc used mainly by the producers of iron and Steel".

Ifgl Refractories Ltd has informed the Exchange that "The Company has formed a step down subsidiary, Tianjin Monocon Aluminous Refractories Limited in China for manufacture of Slag Control Darts and other precast shapes used in production of Iron and Steel. Cost of production in the Chinese Unit will be lower than our plant in Taiwan. All business from Taiwan will be shifted to China. The Taiwanese Company has been sold".

Ifgl Refractories Ltd has informed the Exchange that " 100% of the Issued, Subscribed and Paid-up Share Capital of Goricon Mettallurgical Services Ltd of Wales, UK and Goricon . LLC of Ohio, USA have been acquired by the Company on Friday, 15th December, 2006 through its step-down subsidiaries in UK and USA respectively. Consequently, effective that date, said Companies have also become step-down subsidiaries of the Company".

Ifgl Refractories Ltd has informed the Exchange that Ifgl Refractories Ltd through one of its step down subsidiaries in UK has entered into an Agreement for purchase of 100% of the Issued, subscribed and Paid-up Share Capital of Goricon Metallurgical Services Ltd of Wales, UK and Goricon. LLC of Ohio, USA subject to requisite satisfactory due diligence thereof and fulfillment of other terms and conditions agreed upon. Said Companies are also engaged in manufacture of Darts, Lances, Lade Powders etc used by the Steel Industry.

Ifgl Refractories Ltd has submitted to the Exchange a copy of Minutes of AGM of Members of the Company held on August 29,2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Ifgl Refractories Ltd has informed the Exchange that the Eastern Region Bench of the Hon'ble Central Excise and Service Tax Appellate Tribunal (CESTAT) has on July 07, 2006 by passing an Order allowed on limitation, the Company's Appeal against an Order of the Commissioner of Central Excise, Bhubaneswar II whereby a demand of Rs. 263.82 lacs and an equivalent amount towards Penalty was raised on the Company.

Ifgl Refractories Ltd has informed the Exchange that UTI Mutual Fund has acquired 6,96,688 shares aggregating to 2.0130% of the total paid up capital of Ifgl Refractories Ltd as on the date of intimation on June 29, 2006*. The mode of acquisition is through Secondary Market and the total shareholding of UTI Mutual Fund after the said acquisition is 32,11,414 shares aggregating to 9.28% of the total paid up capital of Ifgl Refractories Ltd. * Date on which UTI's letter dated June 13, 2006 received.

Ifgl Refractories Ltd has informed the Exchange that forthcoming AGM of the Shareholders will be held on August 29,2006 to receive, consider and adopt audited Statements of Accounts for financial year ended March 31,2006, to declare Dividend for said financial year and to transact other business mentioned in the Notice being issued in regard thereto. In connection therewith, Share Transfer Books and Register of Members of the Company will remain closed from August 23,2006 to August 29,2006, both days inclusive.

Ifgl Refractories Ltd has informed the Exchange that the Board of Directors have recommended payment of Dividend at the rate of 17.5% i.e. Rs.1.75 per Equity Share for said year, subject to necessary approvals and also that of the shareholders at the ensuing Annual General Meeting.

Ifgl Refractories Ltd has informed the Exchange that subsequent to acquisition of the Monocon Group, UK by the Company, recently on March 31, 2006, Monocon Overseas Ltd., UK, being one of the step-down subsidiaries of the Company, has transferred whole of its shareholding in Tianjin Monocon Refractories Co Ltd, PRC and Monotec Refractarios Ltda., Brazil, to its step-up holding Company, IFGL Worldwide Holdings Ltd. (IWHL), Isle of Man. IWHL is Company's immediate subsidiary company and because of above, Tianjin Monocon Refractories Co Ltd and Monotec Refractarios Ltda have become direct subsidi

Ifgl Refractories Ltd has informed the Exchange that the Company, recently on March 08, 2006, has further invested an amount equivalent to GBP 4.1 Millions for subscribing 41,00,000 Ordinary Shares of GBP 1 each for cash at par of IFGL Worldwide Holdings Limited of Isle of Man (IWHL). Total investment of the Company in Share Capital of said IWHL, being Company's wholly owned subsidiary and through step down subsidiary of which the Monocon Group of UK was acquired in September, 2005, has thus increased to GBP 5.35 Millions.

Ifgl Refractories Ltd has informed the Exchange that UTI Mutual Fund has acquired 6,95,883 shares aggregating to 2.0106% of the share capital of IFGL Refractories Ltd. from October 15, 2005 to December 30, 2005. The mode of acquisition is through Secondary Market Purchases and the shareholding of UTI Mutual Fund after the said acquisition is 25,14,726 shares aggregating to 7.2658% of the share capital of IFGL Refractories Ltd.

Ifgl Refractories Ltd has informed the Exchange that on November 30,2005 one of the company's step-down subsidiaries, Monocon Overseas Limited(MOL) of UK has signed an agreement with Sun Hau Industrial Company Limited of Taiwan for purchase of their 25% shareholding in Monocon Taiwan Limited(MTL) of Taiwan, subject to necessary approvals and/or permissions .On completion of such sale, MOL will hold 100% shareholding of said MTL.

Ifgl Refractories Ltd has informed the Exchange that UTI Mutual Fund has acquired 1,01,355 shares aggregating to 0.2928% of the total paid up capital of IFGL Refractories Ltd. on October 14, 2005. The mode of acquisition is through Secondary Market Purchase and the shareholding of UTI Mutual Fund after the said acquisition is 18,18,843 shares aggregating to 5.2553% of the total paid up capital of IFGL Refractories Ltd.

Ifgl Refractories Ltd has informed the Exchange that effective from October 24, 2005, Mr. Tetsuya Ohashi, Assistant to Executive Officer, Basic Chemicals & Industrial Minerals Gr. of Sojitz Chemical Corporation, Japan has ceased to be a Director of the Company. In the casual vacancy caused, Mr. Takeshi Yazawa, Manager, Ceramics Sect, Inorganic Chemicals & Industrial Minerals Department of said Company has been appointed as a Director.

Ifgl Refractories Ltd. has informed the Exchange that rcently CAPEXIL has conferred Special Award to the Company in recognition of its outstanding export performance in respect of Refractories for the year 2004-05. CAPEXIL had also conferred similar award to the Company for the years 2002-03 and 2003-04.

Ifgl Refractories Ltd has informed the Exchange that acquisition of business of Monocon International Refractories Ltd and Monocon Overseas Ltd (including its subsidiary companies namely Mono Ceramics Inc, USA, Monocon Taiwan Ltd, Taiwan, Tianjin Meinuo Minerals Company Ltd, China and Monocon Refractories Limitada, Brazil) has been completed through step down subsidiaries of the Company, on September 10, 2005.

Ifgl Refractories Ltd has submitted to the Exchange the copy of Minutes of EGM of the members of the Company held on September 05, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Ifgl Refractories Ltd has informed the Exchange that the Company had on August 5, 2005 entered into a Non-binding Heads of Agreement with Monocon Holdings Ltd. for acquisition of 100% of the Issued Share Capital of its subsidiaries i.e. Monocon International Refractories Ltd and Monocon Overseas Ltd (including its subsidiary companies namely Mono Ceramics Inc, USA, Monocon Taiwan Ltd, Taiwan, Tianjin Meinuo Minerals Company Ltd, China and Monocon Refractories Limitada, Brazil).In this connection,the BODs,in their meeting held on September 1, 2005, had authorized the Managing Director, Mr S K B

Ifgl Refractories Ltd has informed the Exchange that the Company had on August 5, 2005 entered into a Non-binding Heads of agreement with Monocon holdings Ltd, UK for acquisition of 100% of the Issued Share Capital of its subsidiaries i.e. Monocon International Refractories Ltd and Monocon Overseas Ltd (including its subsidiary companies namely Mono Ceramics Inc, USA, Monocon Taiwan Ltd, Taiwan, Tianjin Meinuo Minerals Company Ltd, China and Monocon Refractories Limited, Brazil) Confirmatory financial and legal due diligence relating to this proposed acquisition of business is almost complete

Ifgl Refractories Ltd has submitted to the Exchange a copy of Notice of EGM of the Company to be held on September 05, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Ifgl Refractories Ltd has informed the Exchange that the Company has on August 05, 2005 entered into a Non-binding Heads of Agreement with Monocon Holdings Ltd, UK for acquisition of 100% of the Issued Share Capital of its subsidiaries i.e. Monocon International Refractories Ltd and Monocon Overseas Ltd (including its subsidiary companies namely Mono Ceramics Inc; USA, Monocon Taiwan Ltd; Taiwan, Tianjin Meinuo Minerals Company Limited; China and Monocon Refractarios Limitada; Brazil. Aforesaid proposed acquisition is subject to confirmatory financial and legal due diligence, which is going to

Ifgl Refractories Ltd has submitted to the Exchange a copy of the Minutes of the AGM of the Members of the Company held on August 02, 2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Ifgl Refractories Ltd has informed the Exchange that forthcoming AGM of the shareholders will be held on August 02, 2005 to receive consider and adopt audited Statements of Accounts for financial year ended March 31, 2005, to declare Dividend for said financial year, to approve re-appointment of Mr S K Bajoria and Mr P Bajoria as Managing Director and Director & Chief Executive of the Company respectively from April 01, 2005 and to transact other business mentioned in the Notice being issued in regard thereto. In this connection, Share Transfer Books and Register of Members of the Company will

Ifgl Refractories Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on April 14, 2005,have recommended payment of Dividend at the rate of 15% i.e. Rs 1.50 per Equity Share for the year ended March 31, 2005, subject to necessary approval (s) and also that of the shareholders at the ensuing Annual General Meeting. Further the Company has also informed that the Board of Directors have approved re-appointment of Mr. S K Bajoria and Mr. P Bajoria as Managing Director and Director & Chief Executive respectively of the Company on and from April 01, 2005 for