IFGL Refractories: Announcement under Regulation 30 (LODR)-Strikes /Lockouts / Disturbances

Due to disruption in supply of Liquified Petroleum Gas (hereon LPG) because of ongoing conflict in Gulf region and direction of Government of India to all Oil Marketing Company at allocate LPG supply to Domestic Consumers operations at Companys Kandla manufacturing facility at Plot Nos. 638-644 Kandla Special Economic Zone P.O. Gandhidham 370 230 Dist. Kutch Gujarat specifically those requiring LPG have temporarily been halted. Management is closely monitoring the situation and taking all possible steps to mitigate the situation which is beyond its control. Notwithstanding aforesaid disruption all steps are being taken to ensure that the customers get supplies on time to the extent possible. At this point Management is unable to measure or quantify the impact of this disruption on Companys production operations or financial performance. This disruption is expected to affect the major players in refractory industry as well.