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IFGLEXPOR

540774

IFGLEXPOR

INE133Y01011

L51909OR2007PLC027954

IFGL REFRACTORIES LIMITED

2007-09-07

Sector ‘B’, Kalunga Industrial Estate, P.O. Kalunga 770031, Dist. Sundergarh, Odisha Dist. Sundergarh, Odisha

McLeod House, 3, Netaji Subhas Road, Kolkata 700001, West Bengal

Ifgl.ho@ifgl.in

033 40106100

www.ifglgroup.com

2025-04-01

2026-03-31

2024-04-01

2025-03-31

2023-04-01

2024-03-31

720786240

Mr. Rajesh Agarwal, Director - General Counsel

+91 33 40106114

rajesh.agarwal@ifgl.in

Standalone basis

SL No 28 - Does the entity indicated at Column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No): The Company’s subsidiary companies operate across multiple geographies and independently manage their respective business operations, responsibilities, and sustainability initiatives, while broadly aligning with the overarching philosophy and governance principles established by the Company on a standalone basis. *Established on 4th July 2025

BSE

NSE

Manufacturing, Trading, Sale of Refractories and Provider of Services relating thereto

The Company is a prominent producer and supplier of specialized refractory products, offering end-to-end refractory solutions.

Manufacturing, Trading, Sale of Refractories and Provider of Services relating to it.

23911

0.22

The company majorly caters to Iron and Steel producers located in India and abroad across the globe

874

831

0.9509

0.0492

0.9656

0.0345

903

859

0.9513

0.0488

306

305

0.9968

0.0033

1715

1523

0.8881

192

0.112

2021

1828

0.9046

193

0.0955

0.1112

0.1667

0.1212

0.0952

0.1202

0.1032

0.1111

0.1034

0.1268

0.1253

true

11094094000

7079950000

Bajoria Financial Services Private Limited, India

Holding

false

IFGL Worldwide Holdings Limited, Isle of Man

Subsidiary

true

EI Ceramics LLC, USA

Subsidiary

true

EIC Acquisitions LLC, USA

Subsidiary

true

IFGL-Marvels Refractories Ltd, India

Subsidiary

true

Goricon Metallurgical Services Ltd, UK

Subsidiary

true

Hofmann Ceramic CZ s.r.o., Czech Republic

Subsidiary

true

Hofmann Ceramic GmbH, Germany

Subsidiary

true

IFGL GmbH, Germany

Subsidiary

true

IFGL Monocon Holdings Limited, UK

Subsidiary

true

Mono Ceramics Inc, USA

Subsidiary

true

Monocon International Refractories Limited, UK

Subsidiary

true

Monocon Overseas Limited, UK

Subsidiary

true

Monotec Refratarios Ltda, Brazil

Subsidiary

0.95

true

Sheffield Refractories Limited, UK

Subsidiary

true

Tianjin Monocon Aluminous Refractories Company Limited, PRC

Subsidiary

true

Tianjin Monocon Refractories Company Limited, PRC

Subsidiary

true

Monocon Australia Pty Limited*, Australia

Subsidiary

true

Yes

https://www.ifglgroup.com

Yes

https://www.ifglgroup.com

Yes

https://www.ifglgroup.com

All complaints received during the year were addressed and resolved in the ordinary course of business

Yes

https://www.ifglgroup.com

Yes

https://www.ifglgroup.com

Yes

https://www.ifglgroup.com

Climate Change

Risk: As the Company operates energy-intensive manufacturing facilities and relies on critical raw materials, climate-related events and evolving environmental regulations may impact operational continuity, energy costs, and supply chain resilience.

Energy efficiency, renewable adoption, climate resilience planning, supply chain diversification

Negative Implications

Climate Change

Opportunity: Adoption of sustainable manufacturing practices and resource efficiency initiatives supports operational resilience, regulatory preparedness, and long-term value creation.

Positive Implications

Air Quality

Risk: Emissions and airborne pollutants arising from the Company’s refractory manufacturing operations and high-temperature industrial processes may impact environmental performance, occupational health and safety, regulatory compliance, and nearby communities.

Emission control systems, continuous monitoring, pollution control equipment upgrades.

Negative Implications

Waste Management

Risk: Improper handling and disposal of refractory waste, process by-products, and other waste generated from manufacturing operations may impact environmental compliance, operational efficiency, and surrounding ecosystems.

Waste minimization, recycling, circular economy practices.

Negative Implications

Waste Management

Opportunity: Adoption of waste reduction, recycling, and material recovery practices across manufacturing operations supports resource optimisation, efficient raw material utilisation, and sustainable production processes.

Positive Implications

Product Quality

Opportunity: Maintaining high product quality and performance standards across refractory products supports customer satisfaction, adherence to technical specifications, long-term customer relationships, and the Company’s market competitiveness across industrial sectors.

Positive Implications

Water Management

Risk: Inefficient water consumption and inadequate wastewater management across the Company’s manufacturing operations may impact operational efficiency, regulatory compliance, resource availability, and environmental performance.

Water recycling systems, efficiency measures, rainwater harvesting.

Negative Implications

Water Management

Opportunity: Adoption of water conservation, recycling, and efficient wastewater management practices supports resource efficiency, reduced environmental impact, and sustainable manufacturing operations.

Positive Implications

Biodiversity

Risk: Manufacturing activities and associated resource organization may impact biodiversity and surrounding ecosystems, leading to environmental concerns, regulatory scrutiny, and reputational risks.

Environmental impact assessments, green belt development.

Negative Implications

Biodiversity

Opportunity: Adoption of responsible environmental practices and biodiversity-conscious operational measures supports environmental stewardship, regulatory alignment, and enhanced stakeholder confidence.

Positive Implications

Carbon Emission

Greenhouse gas emissions arising from the Company’s energy-intensive manufacturing operations may expose the Company to climate-related risks, evolving regulatory requirements, increased compliance costs, and reputational concerns.

Mitigating greenhouse gas emissions requires adoption of renewable energy sources, improvements in energy efficiency, investments in green technologies, implementation of carbon offset programs, regular assessments of emissions, compliance with regulatory standards, promotion of sustainable practices, and active involvement of stakeholders in climate-aware initiatives

Negative Implications

Energy Management

Opportunity: Efficient energy management across the Company’s manufacturing operations supports optimisation of energy consumption, cost efficiency, improved operational performance, and increased adoption of cleaner and renewable energy sources.

Positive Implications

Occupational Health & Safety

Risk: Workplace hazards and inadequate occupational health and safety practices across the Company’s manufacturing and operational activities may impact employee well-being, operational continuity, productivity, and regulatory compliance, while increasing reputational and business risks.

Measures to enhance employee health and safety include establishment of rigorous safety protocols, organization of frequent training programs, provision of personal protective equipment, adherence to health regulations, promotion of a culture focused on safety, the execution of regular risk assessments, and creation of effective incident reporting and response systems.

Negative Implications

Human Rights

Risk: Failure to uphold human rights standards across the Company’s operations and value chain activities may impact regulatory compliance, business reputation, stakeholder trust, and responsible business conduct.

Policies, supplier audits, awareness programs

Negative Implications

Employee training and development

Opportunity: Continuous learning, technical skill development, and capability-building initiatives support workforce competence, operational efficiency, innovation, and overall organisational effectiveness across the Company’s operations.

Positive Implications

Customers

Opportunity: Customer-centric practices, consistent refractory product quality, and responsive technical support strengthen long-term customer relationships, customer retention, and sustainable business growth across industrial sectors.

Positive Implications

Diversity

Opportunity: Inclusive workplace practices and equal opportunity initiatives support a diverse workforce, strengthen employee engagement, enhance organizational culture, and promote equitable participation across the Company’s operations.

Positive Implications

Responsible Sourcing

Risk: Non-adherence to ethical, environmental, and sustainability standards by suppliers and supply chain partners may impact raw material availability, operational continuity, regulatory compliance, and the Company’s reputation.

Supplier code, audits, sustainable procurement.

Negative Implications

Responsible Sourcing

Opportunity: Adoption of responsible sourcing and sustainable supply chain practices supports supply chain reliability, operational resilience, and improved sustainability performance across the Company’s value chain.

Positive Implications

Labour Management

Opportunity : Investing in the development of employees’ skills, knowledge, and capabilities enhances workforce performance, fosters innovation, and increases adaptability. This empowers the Company to achieve its strategic goals and sustain long-term growth.

Positive Implications

Corporate Governance

Opportunity: Strong corporate governance practices support ethical business conduct, transparent decision-making, regulatory compliance, effective oversight, and long-term value creation for the Company and its stakeholders.

Positive Implications

Cybersecurity & Data Privacy

Risk: Cyber threats, data breaches, or unauthorized access to business and stakeholder information may disrupt the Company’s operations, compromise data confidentiality and system integrity, and result in regulatory, operational, and reputational risks.

IT security systems, monitoring, training

Negative Implications

Regulatory Compliances

Risk: Non-compliance with applicable statutory, environmental, labour, and industry-specific regulatory requirements may result in legal liabilities, financial penalties, operational disruptions, and reputational impact on the Company.

Compliance tracking, audits, legal monitoring.

Negative Implications

Innovation

Opportunity: Innovation in refractory products, manufacturing technologies, and operational processes supports operational efficiency, product performance, competitiveness, and responsiveness to evolving customer and industry requirements.

Positive Implications

Business Ethics

Risk: Unethical practices, integrity-related failures, or non-adherence to the Company’s ethical standards may impact stakeholder trust, business reputation, regulatory compliance, and corporate credibility.

Code of conduct, whistleblower mechanisms.

Negative Implications

Business Ethics

Opportunity: Ethical business conduct and strong governance practices support transparency, stakeholder confidence, corporate credibility, and long-term business relationships.

Positive Implications

Yes

https://ifglgroup.com/investor/policy/

Yes

The Company has adopted the following globally recognized certifications across its manufacturing facilities in India: 1. ISO 9001:2015 – Quality Management System 2. ISO 14001:2015 – Environmental Management System 3. ISO 45001:2018 – Occupational Health and Safety Management System 4. ISO 31000:2018 – Risk Management Framework The Company has engaged an external certification body to obtain the aforesaid certifications. # ISO – International Organization for Standardization

At IFGL, clear commitments across the Environmental, Social, and Governance (ESG) spectrum are established, each with defined objectives and timelines to ensure accountability and track progress. These ESG commitments are deeply embedded in the Company’s core values and reflected in its daily operations. Environmental Sustainability is a key focus area, where the Company is committed to pollution prevention and control through identification of potential pollution risks associated with its activities and implementation of effective mitigation measures. The Company also promotes circularity through initiatives focused on waste reduction and enhanced recycling efforts, while conserving natural resources through sustainable practices aimed at minimising its environmental footprint. On the social front, the Company remains committed to maintaining a safe and healthy work environment, guided by its “Zero Harm Vision,” encompassing safety of life, environment, and property. The Company continuously strives to improve product quality and workplace conditions to support employee well-being. Further, the Company actively participates in Corporate Social Responsibility (CSR) initiatives, focused towards supporting and uplifting the communities in which it operates. From a governance perspective, the Company maintains compliance with applicable legal and regulatory requirements prescribed by State and Central Authorities, focused on strengthening a robust governance framework that promotes ethical conduct, accountability, and transparency across all regions in which it operates.

The Company, in association with its stakeholders, is actively pursuing the effective implementation of its ESG commitments.

At IFGL, we recognize critical importance of sustainability and are fully committed to embedding it across every aspect of our operations. Sustainability is embraced as a core value, and we have taken proactive steps to develop and implement a comprehensive Environmental, Social, and Governance (ESG) strategy. Our overarching objective is to make sustainability central to our business, driving long-term success and delivering positive impact. Looking ahead, we remain focused on advancing sustainable practices that foster innovation and growth, setting a benchmark for sustainability within the industry, the Company is operating. We have introduced several initiatives focused on water conservation, energy efficiency, waste reduction, recycling, and reduction of greenhouse gas emissions. Our Corporate Social Responsibility (CSR) programs are dedicated to uplifting underprivileged communities near our manufacturing sites, addressing key areas such as health, education, hygiene, sports, skills development, and overall well-being. Governance is a cornerstone of our operations, with ethical practices firmly ingrained in our day-to-day business conduct. These initiatives highlight our deep commitment to both environmental sustainability and social responsibility, as we strive to make a meaningful difference in lives of those around us. As we move forward, our unwavering focus on sustainability will continue to guide our actions. We understand that this is an evolving journey and remain committed to continuous improvement and innovation in this space. By placing sustainability at the heart of our business, we aim to deliver long term value to our stakeholders while positively contributing to the communities we serve. We are equally committed to fostering collaboration and building strong partnerships to tackle sustainability challenges together, paving the way for a brighter and more sustainable future. We view sustainability as a powerful opportunity to drive positive change and enhance transparency. Through innovation, collaboration, and a strong alignment with our core values, we are confident in our ability to create a lasting impact and build a better tomorrow for all.

Mihir Prakash Bajoria, Managing Director (DIN: 09346426)

Yes

Rajesh Agarwal, Director – General Counsel (DIN: 09786410)

Director

Any other

Ongoing (Periodically and/or Need Basis)

Ongoing Basis

false

S No 1(b) - All Company policies are approved by the Board, its committees, or authorized personnel, as applicable, based on the nature and scope of the respective policy. S No 2 - The Company has operationalised its policies through defined procedures and governance mechanisms across various levels of the organisation. Dedicated committees and designated personnel are responsible for implementation, monitoring, and ensuring adherence to the respective policies and procedures. S No 3 - The Company has adopted transparent business practices as a core value and communicated these principles to its value chain partners, including suppliers and logistics service providers, as deemed necessary. S No 10 - The Company’s performance is periodically reviewed by the Board, its Committees, and other designated authorities, and any deviations identified are addressed through appropriate corrective measures. The Company has allocated dedicated resources to ensure compliance with applicable regulatory requirements and has established robust mechanisms for identifying and addressing instances of non-compliance. The compliance status is periodically reviewed and reported to the Board, its committees, and other relevant stakeholders. S No 11 - The assessment and evaluation of policies relating to Health, Safety, Environment, and Governance are primarily undertaken internally by the Company on a periodic basis. Wherever, considered necessary, such evaluations may also be carried out engaging through external agencies.

The Company conducted capacity-building and awareness programmes for its Board of Directors on key Environmental, Social and Governance (ESG) topics, including the Company’s ESG framework, policies, and management procedures. In addition, targeted training sessions were delivered to Senior Management personnel on material ESG issues relevant to the Company’s operations. These initiatives were undertaken to strengthen leadership oversight, enhance ESG integration into business decision-making, and further advance the Company’s sustainability performance and long-term value creation objectives.

ESG training programmes conducted for Key Managerial Personnel (KMP) have played a significant role in strengthening governance practices, enhancing strategic decision-making capabilities, improving risk management processes, fostering ethical leadership, and contributing to the Company's overall organizational performance. During the reporting period, the Company conducted the following training and awareness initiatives: (a) ESG awareness programmes to enhance understanding of sustainability principles and responsible business practices; (b) Internal auditor training programmes covering the requirements and implementation of the following management system standards: ISO 9001:2015 – Quality Management System (QMS) ISO 14001:2015 – Environmental Management System (EMS) ISO 45001:2018 – Occupational Health and Safety Management System (OHSMS) (c) Awareness training on ISO 31000:2018 to strengthen understanding of risk management principles and support the effective implementation of the Risk Management Framework across the organization. These programmes have contributed to building organizational capabilities, promoting compliance with internationally recognized standards, and reinforcing a culture of continuous improvement and sustainable business practices.

IFGL recognizes that a skilled and well-trained workforce is critical to effective discharge of roles and responsibilities and to driving sustainable organizational growth and success. In line with this commitment, the Company has implemented 5S practices across its operations and conducted employee training programmes to facilitate their effective adoption and implementation. Additionally, the Company has organized training programmes on health and safety, employee well-being, and other relevant topics to foster a safe, healthy, and supportive workplace environment while enhancing employee awareness and engagement.

IFGL considers employee training a strategic investment that enhances productivity, strengthens quality standards, drives innovation, and improves customer satisfaction. Reflecting this commitment, the Company conducts mandatory Occupational Health and Safety (OHS) training programmes for workers on a monthly basis to promote workplace safety, reinforce safe work practices, and ensure compliance with applicable health and safety requirements.

Yes

IFGL recognizes that effective anti-corruption and anti-bribery measures are fundamental to upholding ethical business conduct, ensuring compliance with applicable legal and regulatory requirements, and maintaining stakeholder confidence. To this end, the Company has established a comprehensive Anti-Corruption and Anti-Bribery (ABAC) Policy and Procedure applicable to all employees and business associates. The Policy is also communicated to external stakeholders, including vendors, suppliers, and service providers. The ABAC Policy is designed to promote integrity, transparency, and ethical business practices across all operations. IFGL adopts a zero-tolerance approach to bribery and corruption and is committed to conducting its business with the highest standards of professionalism, fairness, and integrity. The Policy further provides a structured framework for risk assessment, reporting of concerns, and the investigation of potential bribery and corruption-related incidents, thereby reinforcing the Company's commitment to responsible and compliant business practices.

https://ifglgroup.com/wp-content/uploads/2025/03/Anti_Bribery__Anti_Corruption_Policy.pdf?utm_source=chatgpt.com

Not Applicable

5315105

4373501

66497.48

56401

P80D

P78D

9897.12

6924.82

66497.48

56401

0.1488

0.1228

295

165

7785.79

5426.42

9897.12

6924.82

0.7867

0.7836

192.87

477

66497.48

56401

0.0029

0.0085

750

914

108542

96851

0.0069

0.0094

5880.37

12645.38

16408.79

0.465

0.3584

Yes

IFGL has adopted a comprehensive Code of Conduct for the Board of Directors aimed at ensuring objectivity, integrity, and transparency in decision-making, while mitigating actual or potential conflicts of interest. As part of its governance practices, Directors are required to submit annual disclosures confirming that their personal interests do not conflict with those of the Company. The Code, among other matters, stipulates that: • Acceptance of Payments or Gifts: Under no circumstances should any individual accept offers, payments, promises to pay, or authorizations to pay money or anything of value from customers or vendors that could be perceived, directly or indirectly, as influencing business decisions or facilitating fraudulent activity. • Corporate Opportunities: Individuals must not exploit business opportunities discovered using corporate resources for personal gain. The Code establishes clear expectations regarding ethical conduct and accountability, including specific responsibilities of Independent Directors in relation to the disclosure and management of potential conflicts. Any non-compliance is addressed through appropriate corrective measures in accordance with the Company's governance framework, reinforcing its commitment to the highest standards of business ethics and corporate governance.

Leadership indicator Sl No 1 - IFGL has implemented structured training programmes for its Value Chain Partners, including suppliers, distributors, and other business associates, to enhance the quality of raw materials, ensure adherence to applicable regulatory requirements, and strengthen operational efficiency across its value chain. In addition, the Company has conducted capacity-building workshops and awareness initiatives focused on key ESG priorities relevant to its operations, such as human rights, labour welfare, occupational health and safety, and regulatory compliance. Dedicated training sessions have also been organized to address critical areas including sustainable supply chain practices, responsible sourcing, and ESG-related policies, reinforcing a culture of responsible and compliant business conduct.

IFGL has undertaken several qualitative initiatives to enhance product quality, environmental performance, and sustainability across its operations. A dedicated Research and Development (R&D) facility has been established to ensure rigorous quality control and optimal performance of both finished products and input materials. At the Visakhapatnam plant, process stack heights have been elevated above surrounding structures to support effective dispersion and compliance with air quality standards. Capital investments have been directed toward pollution prevention and control systems to maintain healthy ambient air conditions. In line with its sustainability goals, the company has prohibited the use of plastic drinking water bottles across all locations and has adopted wastepaper-based mold making for packaging applications. Additionally, significant investment has been made in solar energy infrastructure at Kadla and Visakhapatnam manufacturing facilities to promote clean energy generation and reduce dependence on conventional power sources.

true

0.2299

The Company caters to customers in both domestic and international markets. IFGL has established processes for the retrieval and reuse of refractories upon usage or at the end of their service life. While implementing such processes, due consideration is given to the economic feasibility and quality of the used refractories. Further, IFGL’s refractory products are free from plastics and hazardous substances.

true

Not Applicable

Sl No - 1 Capex for FY25-26 During the year, the Company incurred Capital Expenditure of Rs 0.11 Crores for the Research Centre Capex for FY25-26 The Company incurred Capital Expenditure of Rs 0.39 Crores for the Research Centre Sl No - 2.a. IFGL follows Sustainable Sourcing procedures formulated and implemented in alignment with ISO 20400:2017. Prior to onboarding, all new supply chain partners undergo a comprehensive evaluation covering key ESG material aspects, including Fair Business Practices, Human Rights and Labour, Occupational Health & Safety (H&S), Environmental Protection, Quality Management, and Risk Management. Further, IFGL actively engages with its suppliers to communicate its vision, sustainability commitments, and objectives relating to sustainable policies and practices, wherever feasible. Sl No 4 - The Company utilizes plastic in the packaging of its products and is accordingly classified as a ‘Brand Owner’ under the Plastic Waste Management Rules, 2016 and the Extended Producer Responsibility (EPR) Guidelines, 2022. In compliance with the applicable regulatory requirements, the Company undertakes measures for responsible management of plastic waste, to the extent feasible.

Recyled or reused input material to total material

0.218

Recyled or reused input material to total material

0.182

207.5

4.82

7.23

Other Waste

219.55

Other Waste

161.45

831

874

0.0492

0.0345

305

306

0.0033

1523

192

1715

192

0.112

Yes

Staff Welfare Expense

Yes

Staff Welfare Expense

Yes

https://ifglgroup.com/wp-content/uploads/2025/03/IFGL-Diversity-and-Equal-Opportunity-Policy.pdf

true

The Company has implemented a comprehensive seven-stage Grievance Redressal Mechanism that clearly outlines its objectives, commitments, and the roles and responsibilities of employees and workers across both site and corporate locations. IFGL actively promotes a culture of openness and encourages its workforce to raise concerns through appropriate channels, including their immediate supervisors, department heads, or the Human Resources (HR) Department. To ensure that grievances can be reported conveniently and effectively, the Company has established a structured communication framework offering multiple reporting avenues. Employees and workers may submit their concerns through grievance forms, emails, telephone communications, or directly to the Chairman and Members of the Audit Committee. IFGL is committed to addressing all grievances in a fair, timely, and effective manner. In addition, IFGL has constituted plant-level grievance committees to address concerns specific to individual sites. These committees play a key role in overseeing matters related to workplace health and safety, prevention of sexual harassment, and labour-management relations, thereby fostering a safe, respectful, and inclusive work environment.

true

Non-permanent employees and workers are encouraged to raise their grievances through their respective supervisors, ensuring that concerns are communicated through the appropriate channels for timely attention and resolution. In addition, any matters involving unethical conduct, workplace misconduct, or violations of Company policies may be reported through the Whistle Blower Mechanism. All such concerns are treated with due seriousness and are reviewed and escalated to the relevant authorities, as appropriate, to ensure a fair, transparent, timely, and effective resolution process.

true

Yes

IFGL places the highest priority on the health, safety, and well-being of its workforce and has embedded these principles into its strategic planning, operational decision-making, and day-to-day management practices. The Company believes that a safe and healthy workplace is fundamental to sustainable business performance and remains committed to proactively identifying and mitigating workplace risks. Through clearly defined objectives and robust safety measures, IFGL strives to create an environment that protects employees, prevents occupational injuries and illnesses, and promotes a culture of shared responsibility for safety. To support these commitments, IFGL has implemented a comprehensive and integrated Management System encompassing quality, environmental, and occupational health and safety aspects across its manufacturing facilities in India. The system is designed to drive continual improvement, ensure regulatory compliance, and strengthen operational excellence while safeguarding people and the environment. It is aligned with internationally recognized standards, including ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety Management, demonstrating the Company’s commitment to global best practices and responsible business operations.

IFGL places significant emphasis on health and safety and has implemented the following measures to maintain a safe working environment: • A structured five-stage risk management process has been adopted to identify potential hazards and risks across its manufacturing facilities in India. Internal stakeholders, including plant heads and EHS personnel, play a key role in hazard identification and risk management. • Safe work procedures have been established and implemented for both routine and non-routine operational activities. • Regular internal and external audits are conducted, and workers are encouraged to report unsafe conditions or practices observed within the manufacturing facilities. • Periodic safety inspections are undertaken to identify workplace hazards and assess risks associated with day-to-day operations. The observations arising from such inspections are regularly communicated to senior management. • A cloud-based safety management system has been implemented, and relevant personnel at manufacturing facilities have been equipped with a mobile application to enable real-time reporting and monitoring of near miss and workplace incidents.

Yes

IFGL accords the highest priority to the health and safety of its workforce and has adopted a ‘Zero Harm’ objective across all operational locations. In line with this commitment, the Company undertakes comprehensive hazard identification and risk assessment exercises for specific activities, in accordance with applicable Indian regulations and internationally recognized standards, including those prescribed by the Occupational Safety and Health Administration (OSHA). The Company has established robust health and safety procedures covering routine, non-routine, and specialized activities, including industrial hygiene, traffic safety, chemical handling and spill management, work at height, ladder safety, and electrical safety. To strengthen safety awareness and promote a culture of safety, IFGL conducts structured induction and periodic training programmes for employees across all levels, including senior management. Such programmes are implemented in line with the annual training calendar and are supplemented through online learning modules to encourage continuous self-learning. Emergency preparedness forms an integral part of the Company’s safety framework, supported by site-specific emergency response plans, trained emergency response teams, and fire safety infrastructure across all manufacturing facilities. Each manufacturing unit is supported by dedicated health and safety personnel and a Safety Committee responsible for monitoring key safety parameters and reporting to management. Further, the Company undertakes periodic internal assessments and engages external experts for evaluation of safety performance. Supplier evaluation processes also incorporate EHS and ESG considerations to promote responsible practices across the supply chain.

IFGL has established a comprehensive framework for incident reporting and investigation. During FY 2025-26, no major incidents relating to health and safety were reported at any of the Company’s manufacturing facilities in India. Further, assessments of workplace conditions and health and safety practices did not indicate any material risks or significant hazards. The Company also develops time-bound corrective action plans to address identified health and safety gaps at the workplace and earmarks necessary financial resources for implementation of the same.

Sl No 1.a - Paternity Benefits: Paternity leave benefits are currently not provided by the Company. Day Care Facilities : All manufacturing facilities of the Company are equipped with basic healthcare facilities. Sl No 2 - No. of employees covered as % of total employees (to the extent applicable) Staff Welfare *Staff Welfare Expense means Annual Health Checkup, Long Term Service Award, Corporate T shirt Uniform to Staff, Academic Excellence Reward. Sl No 3 - Are the premises/ offices of the entity accessible to differently abled employees and workers, as per the requirements of the Rights of Persons with Disabilities Act, 2016? If “Not”, then whether any steps are being taken by the entity in this regard. Diversity and inclusion form an integral part of IFGL’s organizational values. The Company recognizes and values the unique capabilities and contributions of differently abled individuals and promotes an inclusive and supportive work environment. IFGL has undertaken necessary measures to ensure compliance with the provisions of the Rights of Persons with Disabilities Act, 2016 (RPWD Act). Further, the Company’s office and manufacturing facilities are designed to be accessible to differently abled individuals.sl No 4 - IFGL is committed to ensuring fair and equitable treatment for all individuals and provides equal opportunities based on merit, competence, qualifications, and potential. The Company has formulated a Diversity and Equal Opportunity Policy, which is available on its website, www.ifglgroup.com. The Policy reflects IFGL’s commitment to fostering an inclusive workplace environment and prohibits discrimination on the basis of age, colour, disability, marital status, nationality, race, religion, gender, or sexual orientation. The implementation of the Policy is guided by relevant qualifications, individual merit, and applicable legal and regulatory requirements. Sl No 7 - IFGL recognizes collective bargaining as a vital element of positive employee relations, helping to create a fair and collaborative work environment while supporting industrial harmony and long-term organizational stability. The Company values constructive dialogue between management and employees and remains committed to fostering mutual trust and understanding. At its Kalunga facility near Rourkela, Odisha, employees are represented by the duly recognized trade union, IFGL Mazdoor Manch, which serves as a platform for addressing employee interests and facilitating effective engagement with management. Sl No 8.(a) - During FY 2025–26, employees and workers participated in structured skill upgradation programmes focused on technical competence, workplace safety, and operational excellence. Training covered key topics such as Electrical Safety, Lock Out Tag Out (LOTO), Permit to Work, Work at Height, Crane & Hoist Safety, Forklift Safety, Confined Space Entry, Fire Prevention & Emergency Response, PPE Usage, Behaviour-Based Safety (BBS), Near Miss Reporting, First Aid Awareness, Hazard Identification and Risk Assessment (HIRA), Manual Material Handling, Chemical Handling, Machine Guarding, Contractor Safety, 5S & Good Housekeeping, and ISO 14001 & ISO 45001 Awareness. These initiatives enhanced employee skills, strengthened the safety culture, improved hazard awareness, and contributed to greater operational efficiency across the organization. Sl No 10(c) - The Company has established communication channels for reporting workplace hazards. In line with its commitment to fostering a transparent safety culture, all employees and workers are encouraged to participate in discussions relating to safety concerns during periodic Safety Committee and Management Review meetings conducted at the manufacturing facilities. The workforce is encouraged to report any unsafe practices or hazardous conditions to: • EHS personnel at the Company’s manufacturing facilities; • Heads of the respective departments; and • Plant Heads. Sl No 10(d) - FGL recognizes the importance of employee medical examinations in promoting a healthy and safe work environment, ensuring regulatory compliance, and supporting the well-being and productivity of its workforce. Employees and workers have access to non-occupational medical and healthcare services, with the Company associating with reputed healthcare facilities at each of its manufacturing locations in India. In addition, IFGL has established on-site occupational health centres staffed with qualified medical professionals and certified first aiders to provide emergency medical assistance to employees and workers.

874

846

831

807

306

335

305

335

831

807

874

846

305

335

306

612

335

831

807

874

846

305

335

306

612

335

0.81

true

IFGL’s value chain partners are responsible for ensuring compliance with applicable statutory and regulatory requirements, including the timely deduction and remittance of statutory dues. As an additional oversight measure, the Company undertakes ESG assessments of its value chain partners to identify any deviations, including instances of non-compliance relating to statutory obligations.

IFGL acknowledges that its stakeholders perform diverse and interconnected roles that are integral to the Company’s long-term growth and sustainability. Accordingly, the Company places significant emphasis on constructive stakeholder engagement through transparent and effective communication to understand stakeholder expectations, address their concerns, and respond to their evolving needs. Such engagement supports sustainable value creation, strengthens business resilience, and contributes positively to society and the environment. The Company undertakes a structured stakeholder mapping exercise to identify and engage with a diverse range of stakeholders, enabling deeper understanding of their perspectives and incorporation of relevant inputs into its business strategies and decision-making processes. IFGL classifies its key stakeholders based on the following criteria: • Dependency: Stakeholders who are directly dependent on the Company’s operations or whose actions have a direct impact on IFGL’s business activities, including internal stakeholders. • Responsibility: Stakeholders towards whom the Company has legal, operational, commercial, or ethical responsibilities. • Other: External stakeholders, including non-governmental organizations (NGOs), media, and news agencies. To facilitate meaningful engagement, IFGL has established structured mechanisms for periodic interaction with each stakeholder group

IFGL serves a diverse customer base across both domestic and international markets through the manufacture and supply of high-quality refractory products. The Company recognizes the importance of maintaining meaningful relationships with its stakeholders and actively engages with them to understand their perspectives and evolving expectations. The Board of Directors, supported by its various Committees, maintains regular interaction with both internal and external stakeholders as part of its commitment to responsible and transparent governance. Through ongoing dialogue and constructive engagement, the Board and its Committees seek insights on matters relating to business performance, financial sustainability, environmental stewardship, social impact, and governance practices. This continuous exchange of feedback helps IFGL better understand stakeholder priorities, address emerging concerns, and make informed decisions. By fostering an open and responsive engagement framework, the Company strives to create long-term value for its stakeholders while aligning its business practices with their evolving expectations.

true

IFGL maintains active and ongoing engagement with a wide range of stakeholders, including employees, customers, suppliers, service providers, and local communities, recognizing their important role in the Company’s long-term success. Through regular interactions and open communication, IFGL seeks to understand stakeholder perspectives and identify environmental, social, and governance (ESG) issues that are most relevant to its business and operations. The Company remains committed to achieving sustainable growth while creating long-term value for all stakeholders. In doing so, it strives to balance business objectives with environmental responsibility, social well-being, and sound governance practices. The insights and feedback gathered through stakeholder engagement help IFGL better understand emerging expectations, assess material ESG priorities, and guide the development of its policies, strategic initiatives, and sustainability objectives.

The Company does not have any vulnerable or marginalized stakeholders directly connected with its business operations. However, through the IFGL Refractories Welfare Trust, IFGL continues to undertake focused CSR interventions for the benefit of communities located around its manufacturing facilities in India. These initiatives are formulated after considering stakeholder inputs and community requirements identified through regular engagement. The Company’s CSR initiatives primarily focus on education support, vocational and skill development programmes, health and hygiene awareness for school children, and promotion of sports and community development activities.

Investors

false

Other

1. Public disclosures on Financial Performance such as Annual/Quarterly Financial Results and Earning Calls. 2. Investor Presentation. 3. Investors Conference.

Others – please specify

Quarterly/Annually/Need-Based

1. Transparent and effective communication on the business environment and key business matters 2. Corporate governance practices 3. Compliance with applicable regulatory requirements 4. Business strategy, growth plans, and sustainability initiatives 5. Addressing investor queries and concerns

Government and Regulatory Authorities

false

Other

1. Mandatory regulatory filings 2. Periodical submission of Business Performance 3. Written Communications. 4. In-person Meetings

Others – please specify

Need-Based

1. Compliance with applicable laws, rules, and regulatory requirements 2. Timely and transparent statutory disclosures and regulatory filings 3. Corporate governance and Corporate Social Responsibility (CSR) initiatives 4. Revenue and taxation matters

Suppliers/ Vendors/ Third-party Manufacturers

false

Other

1. Vendor Meets. 2. Email or Telephone 3. Training and Engagement Events 4. Surveys

Others – please specify

Ongoing

1. Fair, sustainable, and ethical procurement and engagement practices 2. Competitive pricing and mutually beneficial payment terms 3. Timely settlement of payments 4. Quality and availability of raw materials 5. Knowledge enhancement and infrastructure development 6. Compliance with environmental and labour regulations

Communities

false

Other

1. In-person Meetings 2. Engagement through NGOs 3. Corporate Social Responsibility Initiatives

Others – please specify

Ongoing

1. Community development initiatives, including educational programmes through CSR activities 2. Skill development and livelihood enhancement initiatives 3. Celebration of events of local and national significance

Customers

false

Other

1. In-person Meetings / Emails 2. Collation and Analysis of Customer Feedback 3. Engagement through Website 4. Social Media 5. Brand Campaigns

Others – please specify

Ongoing

1.Transparent communication relating to product quality, pricing, usage, and return processes 2. Regular communication on orders and invoicing 3. Customer awareness and engagement programmes 4. Client-site operational support services 5. Consistent quality at competitive prices 6. Development of innovative products aligned with evolving market requirements 7. Ease of access to products and services 8. Protection of confidential and sensitive information

Employees

false

Other

1. Group Interaction Meetings 2. Employee Engagement Surveys 3. Training and Development Workshops 4. Performance Appraisals 5. Written Communications

Others – please specify

Ongoing

1. Understanding employee needs and feedback 2. Employee training and capability development 3. Promotion of a diverse, inclusive, non-discriminatory, and safe workplace 4. Career progression, growth, and performance management processes 5. Competitive compensation and remuneration practices 6. Employee health, safety, and well-being 7. Performance evaluation and recognition mechanisms

874

903

846

883

306

1715

2021

335

2487

2822

874

831

874

831

846

807

846

807

306

305

306

305

335

1715

1523

192

1715

1523

192

2487

2319

168

2487

2319

168

23616000

22256000

4636000

987

412000

334000

306

256000

131000

27983008

20207080

997249037

821375803

0.0281

0.0246

true

IFGL’s commitment to respecting and promoting human rights is both a moral responsibility and a key element of its corporate responsibility and sustainable business practices. The Company is committed to upholding human rights across its operations and supply chain and has established and implemented a Human Rights and Grievance Redressal Policy. The Policy aims to ensure a harassment-free environment and a safe and healthy workplace for all stakeholders. Grievances raised by internal or external stakeholders are addressed through a structured seven-stage resolution process, with all cases being documented in a dedicated grievance register to promote transparency, accountability, and effective resolution.

IFGL follows a ‘Zero Tolerance’ approach towards discrimination and sexual harassment. Any concerns relating to such matters are addressed seriously and in a confidential manner. Retaliation against individuals reporting concerns in good faith is strictly prohibited, and any person found involved in retaliatory actions is subject to disciplinary measures, including termination, wherever applicable. These procedures are aligned with and complement the Company’s Vigil Mechanism (Whistle Blower) Policy and Prevention of Sexual Harassment (POSH) Policy.

Yes

Not Applicable

Human rights form an integral part of IFGL’s core value of ‘Respecting the Rights and Dignity of All People’. The Company has established internal policies and procedures to uphold and promote human rights across its operations, resulting in a strong track record with no reported instances of human rights grievances or complaints.

The HR department at each of IFGL’s manufacturing facilities in India regularly conducts inspections to address human rights-related concerns. In addition, the Company periodically evaluates the performance of engaged service providers to identify and mitigate potential human rights-related violations.

true

Sl No 5 - IFGL’s commitment to respecting and promoting human rights is both a moral responsibility and a key element of its corporate responsibility and sustainable business practices. The Company is committed to upholding human rights across its operations and supply chain and has established and implemented a Human Rights and Grievance Redressal Policy. The Policy aims to ensure a harassment-free environment and a safe and healthy workplace for all stakeholders. Grievances raised by internal or external stakeholders are addressed through a structured seven-stage resolution process, with all cases being documented in a dedicated grievance register to promote transparency, accountability, and effective resolution. Sl No 9 - Respect for human rights is a fundamental element of IFGL’s Code of Business Conduct and forms an integral part of the Company’s approach to responsible business practices. IFGL is committed to upholding internationally recognized human rights principles across its operations and expects its suppliers, contractors, and business partners to demonstrate similar standards of conduct. To reinforce these commitments, the Company has established processes to integrate Environmental, Social, and Governance (ESG) considerations into its supply chain management practices. Through these efforts, IFGL seeks to promote ethical business conduct, responsible sourcing, and sustainable value creation throughout its value chain. In addition, IFGL aligns its policies and business practices with globally recognized human rights frameworks and, wherever relevant, encourages the adoption of these principles across its supply chain. By fostering a culture of accountability, fairness, and respect, the Company aims to strengthen responsible business relationships and contribute to sustainable and inclusive growth. Sl No 10 - 100% of the Company’s manufacturing facilities are periodically assessed through internal reviews as well as inspections conducted by statutory authorities, including the Labour Department and Directorate of Industrial Safety and Health, on relevant aspects.

true

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false

Yes

The industrial operations of the Company are not water intensive in nature. Further, the Company does not discharge any effluent, including untreated water, outside its manufacturing facilities.

true

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true

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false

Yes

As part of its ongoing commitment to reducing greenhouse gas emissions, the Company has implemented a range of energy efficiency and renewable energy initiatives across its operations. These include deploying Variable Frequency Drives (VFDs) to optimize energy consumption, leveraging daylight-based lighting systems in designated operational areas, and progressively increasing the share of renewable energy. Collectively, these measures contribute to lowering the Company’s carbon footprint, improving operational efficiency, and advancing its broader sustainability objectives.

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false

IFGL integrates the principles of Reduce, Reuse, and Recycle (3R) across its manufacturing operations in India, embedding resource efficiency into its operational practices. The Company adopts a structured approach to minimize the use of hazardous and toxic materials through elimination, reduction, and substitution, wherever technically feasible. By continuously enhancing process efficiency, IFGL strives to optimize resource utilization and minimize waste generation. Hazardous waste generated from operations is managed in strict compliance with the Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016. The Company maintains all necessary regulatory approvals and adheres to directives issued by the relevant State Pollution Control Boards. Waste disposal and treatment are carried out through authorized agencies, with a focus on resource recovery and recycling wherever possible. Additionally, regular awareness and training programmes are conducted for employees and workers to promote responsible waste management and safe handling practices

Yes

false

Yes

IFGL has implemented a comprehensive Business Continuity Plan (BCP), supported by site-specific Emergency Response Plans (ERPs), to enhance operational resilience and ensure preparedness for potential disruptions. The BCP identifies key risks that could affect business continuity and outlines appropriate mitigation, response, and recovery measures. It addresses critical areas such as the availability of raw materials, management of natural resources, information and data security, regulatory compliance, and other operational challenges that may impact business performance. Complementing the BCP, the ERP framework provides a structured approach to managing emergency situations, including both natural and human-induced events that could affect operations in the short or long term. The plans clearly define the roles and responsibilities of on-site emergency response teams, establish communication protocols with external authorities and emergency services, and outline broad measures for recovery and business restoration following an incident. Together, these frameworks help ensure a coordinated, timely, and effective response to unforeseen events while minimizing operational disruptions

Essential Indicator- No Independent Assessment/Evaluation/Assurance has been carried out by an External Agency SL No 1 - *The increase in fuel consumption during FY 2025–26 was primarily due to data process optimization and operational enhancement activities undertaken to improve efficiency and system effectiveness.**Energy intensity figures for FY 2025–26 reflect enhanced energy data capture and reporting processes implemented during the year. PPP-adjusted metrics have been calculated using the IMF 2026 Purchasing Power Parity (PPP) conversion factor of 20.34 for India, providing a standardized basis for cross-country comparisons. SL No 5 - The industrial operations of the Company are not water intensive in nature. Further, the Company does not discharge any effluent, including untreated water, outside its manufacturing facilities. SL No 6 - *During FY 2025–26, IFGL enhanced its environmental data management and reporting processes. Consequently, air emissions have been reported in tonnes instead of µg/m³ as in the previous year. The reported variation is therefore primarily attributable to the change in measurement and reporting methodology, and the figures are not directly comparable year-on-year. SL No 7 - *The increase in Scope 1 emissions during FY 2025–26 was primarily attributable to data process optimization and enhancement initiatives that enabled more comprehensive capture and reporting of fuel consumption data

Installation of STP & Commissioning

Capacity (50 KLD) Installed for STP

Facilitated the reuse of treated wastewater for green belt development, resulting in reduced dependence on freshwater resources. The initiative contributed to improved water conservation practices and strengthened compliance with applicable environmental regulations.

No details

Installation of Wheel Washing System

01 No. of Wheel washing system is installed to clean the tyres of outbound vehicles carrying raw materials and finished products, preventing carryover of dust and mud onto public roads.

Implemented to enhance dust suppression measures and effectively minimize fugitive dust emissions beyond the plant premises, thereby contributing to improved environmental performance and cleaner surrounding areas.

No details

Installation of Road Sprinkler System

07 Nos. of sprinklers has been installed for peripheral roads (factory premises).

Implemented to effectively control and suppress airborne dust arising from vehicular movement, thereby improving ambient air quality and maintaining a cleaner and safer working environment within the plant premises.

No details

Installation of Scrubber Unit

Installed one wet scrubber unit to mitigate particulate and gaseous emissions before atmospheric discharge.

Effective control of air emissions and compliance with environmental standards.

No details

Installation of Solar Panels (600 kWp)

Solar Panels of 600 kWp capacity installed and commissioned in IFGL-Kandla

Increased the utilization of clean and renewable energy, reducing reliance on conventional power sources and contributing to lower carbon emissions and improved energy sustainability.

No details

Installation of 10KVAR & 5KVAR Capacitors

Capacitor banks comprising 3 × 10 KVAR and 3 × 5 KVAR units were installed to support low-load operations and maintain a power factor of 0.99.

Enhanced energy efficiency through improved power factor management, resulting in energy savings, reduced power losses, and a lower carbon footprint.

No details

New Electrical Forklift introduced into production operations

Existing 3-ton diesel forklift has been replaced with a 3-ton electric forklift to promote cleaner and more sustainable operations.

Reduced fossil fuel consumption and associated emissions, leading to lower operating costs and a reduction in greenhouse gas emissions.

No details

Modification of dust collection system

Identified gaps in the existing dust collection system were addressed through modifications at the PCPF mixer, flux atomizer material discharge area, and castable mixer area to improve dust extraction efficiency.

Achieved significant reduction in dust emissions, resulting in improved ambient air quality, enhanced workplace conditions, and better environmental compliance.

No details

World Refractory Association

International

Indian Refractory Makers Association

National

Chemical & Allied Export Promotion Council (CAPEXIL)

National

Export Promotion Council for EOUs and SEZs (EPCES)

National

Indian Chamber of Commerce, Kolkata

State

KASEZ Industries Association

State

Rourkela Chamber of Commerce

State

IFGL undertakes its CSR activities with due consideration to the requirements and expectations of communities surrounding its areas of operation, particularly in relation to livelihood enhancement and overall well-being. The Company has a dedicated CSR team, and continuous engagement is carried out by the CSR team and Plant Heads to identify and address community-specific concerns and development priorities. No grievances or complaints from local communities have been reported against the Company so far. To foster positive and responsible stakeholder relationships, IFGL has adopted policies and practices guided by recognized national and international frameworks, including the National Guidelines on Responsible Business Conduct (2018), the United Nations Global Compact, International Labour Organization (ILO) conventions, and IFC Performance Standards.

0.2438

0.2299

0.7417

0.3931

SL No 5 - IFGL treats all individuals fairly and without discrimination and give them equal opportunity to succeed based on their abilities, qualifications, and potential.

IFGL adopts a customer-centric approach and views customer complaints and feedback as opportunities for continuous improvement in service quality and customer experience. The Company continuously strengthens its grievance management processes to remain responsive to evolving customer expectations relating to timely acknowledgment and resolution of concerns. To facilitate effective customer engagement, IFGL has established a Customer Care Policy and a Customer Relationship Management (CRM) system for handling customer queries, feedback, and grievances. Dedicated teams are responsible for managing complaints and ensuring timely response and resolution. Customers may raise their concerns through email at ifgl.ho@ifgl.in or through telephonic communication. All complaints are promptly reviewed and investigated, with efforts made to resolve the same within 15 days. Customers are kept informed regarding the status of their complaints, and where resolution requires additional time, appropriate updates are communicated to the concerned customer.

Yes

https://ifglgroup.com/wp-content/uploads/2025/03/Data-Privacy-Policy.pdf

Not Applicable

The Company is engaged in the manufacturing of industrial products. Details relating to the Company’s products and services are available on its website, www.ifglgroup.com.

The Company has developed Product Information Sheets (PIS) for its products. In addition, product application videos have been prepared for ease of reference, and relevant links are shared with customers, wherever required. The Company also conducts one-on-one customer briefing sessions, as necessary, to provide product-related guidance and support

The Company communicated the relevant information through email communications and/or hosted announcements on its website, www.ifglgroup.com