IFGL Refractories (Merged): Updates on Amalgamation/ Merger / Demerger

You are aware that IFGL Refractories Ltd (IFGL) has merged with IFGL Exports Limited (IEL) on and from 1st April, 2016 following Order dated 3rd August, 2017 passed by the Honble National Company Law Tribunal, Kolkata Bench. The Scheme of Amalgamation sanctioned by the Honble Tribunal provide that Equity Shares of IEL to be issued and allotted to eligible shareholders of said IFGL will be listed both on BSE Limited and National Stock Exchange of India Ltd. Accordingly, an application for listing of IELs Equity Shares will be separately sent to you by IEL. To transact matters arising from and consequent to approval of said Scheme of Amalgamation, details whereof has been given in attached letter, a meeting of the Board of Directors of IEL has also been convened and is scheduled to be held on Saturday, 5th August, 2017.