5407742026-10-145407742026-10-14in-capmkt:TerminationOfAgreementMemberIFGLEXPORIFGL REFRACTORIES LIMITED540774NOTLISTEDINE133Y01011Agreements (Sub-para 5-Para B)Termination of agreementNewfalse2026-10-1411:45:002026-10-14OthersJoint Venture Agreement2024-10-14Pursuant to mutual discussions, the parties have agreed to terminate the Joint Venture AgreementMarvels International Group Company Limited (Seychelles), and Marvel Refractories (Anshan) Company Limited (People’s Republic of China), majority shares whereof is held by US Citizen, Mr. Yi Chun LuJoint venture for setting up a manufacturing facility in India for manufacture of (a) Basic Fired Magnesite Spinel Bricks, (b) Basic Fired Magnesite Bricks and (c) Fired Magnesia Chrome Bricks in India, through a joint venture public company, IFGL-Marvels Refractories Limited, with an envisaged shareholding of 51% by the Company and 49% by Marvels International Group Company Limited (Seychelles)2024-10-14Pursuant to discussions, the parties have agreed to terminate the Joint Venture AgreementNo material financial or operational impact on the Company is presently envisaged. The Company shall make further disclosures, if required, in accordance with applicable laws and regulations. Further, in view of the fact that Marvels International Group Company Limited (Seychelles) did not subscribe to any shares, there is no change in the shareholding of the Joint Venture Entity owing to the termination of the Joint Venture Agreement and entire shareholding of Joint Venture Entity is held by the Company.