Please find enclosed herewith copy of letter dated 4th December, 2025 and Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 forming part thereof, addressed to the Stock Exchanges i.e. National Stock Exchange of India Limited and BSE Limited, received from M/s Bajoria Financial Services Pvt Ltd (hereon 'BFSPL'), being part of Indian Promoter Group of IFGL Refractories Ltd (hereon 'the Company') in connection with its acquisition of 4,37,490 Equity Shares of Rs. 10/- each fully paid-up of the Company from Mr Mihir Prakash Bajoria, also part of Indian Promoter Group of the Company. Contents of said letter and Disclosure of BFSPL are self-explanatory. Please note that the aggregate shareholding of the Promoter and Promoter Group of the Company is unchanged before and after aforesaid inter-se transfer.