IFGL Refractories Limited — Capital/Financing Update 2020

May 25, 2020

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25th May, 2020

National Stock Exchange of India Ltd ‘Exchange Plaza’, C-1, Block – G Bandra – Kurla Complex Bandra (E), Mumbai 400 051 Code : IFGLEXPOR

BSE Limited PhirozeJeejeebhoy Towers Dalal Street Mumbai 400 001 Code: 540774

Dear Sirs,

Re: Disclosure under Regulation 30 of SEBI LODR Regulations 2015

Towards end of financial year 2018-19, the Company had purchased land admeasuring more or less 10 Acres situated at Industrial Park, APIIC – Denotified Area Atchutapuram APSEZ, Visakhapatnam District, Andhra Pradesh from Andhra Pradesh Industrial Infrastructure Corporation Limited. Notice is hereby given that at said land, Bhoomi Pujan was conducted on Sunday, 24[th] May 2020 following protocols specified including maintaining Social distancing and on receipt of requisite approvals, construction activities will be soon commenced thereat. First phase of this Project involving manufacture of new Products including Monolithics and Precast Shapes is slated to be completed no later than end of current financial year 2020-21.

Thanking you,

Yours faithfully, For IFGL Refractories Ltd.

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R Agarwal Company Secretary

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