IFGL Refractories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2011, inter alia, has recommended the following, subject to necessary approval / permissions : 1. @ 5% pro-rata from allotment date, to holders of 14,50,00O Non-cumulative Preference Shares of Rs. 100/- each.2. @ 5% i.e. Re. 0.50 per Equity Share of Rs. 10/- each.Source : BSE
