IFGL Refractories Limited — Major Shareholding Notification 2021

Mar 17, 2021

SRG REFRACTORIES LIMITED

Head & Corporate Office :

3, Netaji Subhas Road, Kolkata - 700 001, India Phone : +91 33 40106100, Fax : +91 33 22430886 E-mail : ifgl.ho@ifgl.in, Websites : www.ifglref.com

17" March, 2021

National Stock Exchange of India Ltd 'Exchange Plaza', C-1, Block —G Bandra — Kurla Complex Bandra (E), Mumbai 400 051 CODE: IFGLEXPOR

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 CODE: 540774

Dear Sirs,

Re: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Kindly be informed that L & T Investment Management Limited vide letter dated 16" March, 2021 has made a Disclosure under Regulation 29(2) and 29(3) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation 2011 to the Company and Stock Exchanges that shareholding of L & T Mutual Fund in the Company has further reduced to 2.30% on 12'" March, 2021 from last reported shareholding of 5% disclosed on 29" October, 2018.

Thanking you,

Yours faithfully, For IFGL Refractories Ltd

(R bie Agarwal) ft

Company Secretary

Encl : as above

ZS) L&T Financial Services

March 16, 2021

Mr. Rajesh Agarwal IFGL Refractories Ltd. Mcleod House, 3, Netaji Subhash Road, Kolkata — 700001.

Kind Attn: Company Secretary

Sub: Reporting under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Dear Sir/ Madam,

This is with reference to Regulation 29(2) and 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("the Regulations") wherein any acquirer together with persons acting in concert holding/ entitling 5% or more of the shares or voting rights in a target company, is required to disclose to such target company and the stock exchanges, the details of every acquisition or disposal of shares of the target company representing 2% or more of total shareholding or voting rights in the target company.

In this regard, we wish to inform you that the shareholding of the scheme(s) of L&T Mutual Fund ("the Fund") in IFGL Refractories Ltd. (the target company) has further reduced to 2.30% and the last reported holding was 5 % as disclosed on October 29, 2018.

We enclose herewith the details of the disclosure under Regulation 29(2) of the Regulations.

We trust that you will find the above in order.

Thanking You.

Yours faithfully, For 'se an Management Limited gor

Ferhana Mansoor Head — Compliance, Legal & Secretarial

iat

Encl: As mentioned above

Listing rtment, Exchange Plaza, Bandra Kurla'Gomplex, Bandra (East), Mumbai - 400051.

Mr. Abhijeet Pai Dalal Street, Mumbai - 400001.

L&T Investment Management Limited Registered Office Brindavan, Plot No 177, 1491 22 6212 5000 C.S.T Road, Kalina, Santacruz (East) F491 22 6212 5555 : Mumbai 400 098, Maharashtra, India CIN: U65991MH1996PLC229572 www.ltfs.com

Format for disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part-A Details of the Sale"

	Format for disclosure under Regulation 29(2) Takeovers) Regulations, 2011	of SEBI	(Substantial Acquisition of Shares and
Part-A	Details of the Sale"
1.	Name of the Target Company (TC)		IFGL Refractories Ltd. (FGL EXPORTS}
2	Name(s) of the acquirer and Persons Acting in L&T Mutual Fund Concert (PAC) with the acquirer ;
3.	Whether Promoter/ No belongs acquirer the to Promoter group
4.	Name(s) Stock Exchange(s) where the 1. BSE Limited of the
5.	shares of TC are Listed Details of the disposal as follows		2. National Stock Exchange of India Limited Number % w.r.t. Total % w.r.t. Total
			share/ voting capital	Diluted share/voting
			wherever applicable (*)	capital of the FC (**)
	Before the disposal under consideration, holding of acquirer along with PACs of:
	Shares carrying voting rights (as per the last a) disclosure on October 29, 2018)	18,01,913	5.00%	5.00%
	encumbrance Shares nature the of b) in	-	-	-
	non-disposal undertaking/ (pledge/ lien/ others)
	Voting rights (VR) otherwise than by shares c)	-	-	-
	Warrants/ convertible securities/any other d) instrument acquirer entitles the that to	-	-	-
	receive shares carrying voting rights in the T C (specify holding in each category)
	Total (a+btctd)	18,01,913	5.00%	5.00%
	Details of sale Shares carrying voting rights sold# a)	9,72,913	2.70%	2.70%
	VRs sold otherwise than by equity shares b) Warrants/ convertible securities/any other c)	- -	- -	- -
	instrument acquirer entitles that the to
	receive shares carrying voting rights in the TC holding (specify each category) in acquired
	encumbrance Shares nature the of d) in (Pledge/Lien/Non-Disposable undertaking/	-	-	~
	Others) Total (at+b+et/-d)	9,72,913	2.70%	2.70%
	After the sale, holding of acquirer along with
	PACs of: Shares carrying voting rights # a)	8,29,000	2.30%	2.30%
	VRs otherwise than by shares b)
	Warrants/convertible securities/ any c) other instrument that entitles the
	acquirer to receive shares carrying voting rights in the TC (specify holding

	Shares in nature of encumbrance d) (Pledge/Lien/Non-Disposable
	undertaking/Others} "Total (atb+e+d)		8,29,000	2.30%	2.30%
	Mode of sale (e.g. open market/ public issue/ issue/ preferential rights	allotment/ inter-se	Open Market
	transfer/ encumbrances etc). Salient features of the securities acquired including time till redemption, ratio at which		NA
	it can be converted into equity shares etc. VR Date date of sale/ of or intimation of allotment of shares/ warrants/ convertible securities/ any other instruments	receipt of	March 12, 2021
	that entitles the acquirer to receive shares in the TC. Equity share capital / total voting capital of		3,60,39,312
	the TC before the said sale Equity share capital/ total voting capital of		3,60,39,312
	the TC after the said sale Total diluted share/ voting capital of the TC		3,60,39,312
	after the said sale
10. 11. Part-B	WName of the Target Company***:

Part-B WName of the Target Company***:

Name(s) of the acquirer and Persons Acting in Concert (PAC) with	Whether the acquirer belongs to Promoter/ Promoter group	PAN of the acquirer and/ or PACs
the acquirer
L&T Mutual Fund	No	AAATC4460E

For L&T Investment Management Limited

x gu oor

Febhana Mansoor Heid — Compliance, Legal & Secretarial

Place: Mumbai Date: March 16, 2021

Note: ; .

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

(**)} Diluted share/ voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.

* Last disclosure to the stock exchanges and the target company was made on October 29, 2018.