IFGL Refractories has informed that the Company’s subsidiary, IFGL Exports in its meeting of Board of Directors held on August 01, 2016 have recommended issue of Bonus Shares in the ratio of 3.5:10 i.e. three and half Equity Shares of Rs 10 each credited as fully paid-up for every 10 Equity Shares of Rs 10 each held, subject to approval of the shareholders and other permissions as may be required.
The above information is a part of company’s filings submitted to BSE.