Nilachal Refractories Board Approves Asset Disposal, EGM

Nilachal Refractories Limited's Board of Directors has approved the proposal for the sale/transfer/disposal of movable assets, which may constitute substantially the whole of the undertaking. This transaction is subject to shareholder and regulatory approvals. The Board also approved entering into related party transactions in connection with this disposal. To seek shareholder approval, an Extra-Ordinary General Meeting (EGM) will be convened on August 4, 2026. The notice for the EGM, including an explanatory statement, will be circulated to members.