IFGL Refractories Completes Voluntary Liquidation of Czech Subsidiary
IFGL Refractories Limited has completed the voluntary liquidation of its step-down subsidiary, M/s Hofmann Ceramic CZ s.r.o, which is based in Czech Republic. The liquidation was made effective on July 1, 2026.Following the completion of the process, the name of the subsidiary was deleted from the Commercial Register maintained at the Regional Court in Pilsen, Czech Republic.
The financial parameters for Hofmann Ceramic CZ s.r.o as of March 31, 2026, are detailed below:
| Financial Particulars | Amount (Rs in lacs) | Percentage of Consolidation |
|---|---|---|
| Turnover/Revenue | 17.16 | 0.00% |
| Income/Net Worth | 1.43 | 0.00% |
The liquidation is effective as of July 1, 2026. The company confirmed that there were no sale transactions, and the subsidiary's operations did not fall within any related party transactions.
IFGLEXPOR Stock Price Movement
On Wednesday, shares of IFGL Refractories Limited slipped by 1.05% to settle at ₹178.85, falling from the previous close. The stock traded within a defined range, hitting a high of ₹183.25 and finding a low near ₹177.88 before closing.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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