Shareholding Pattern: Shareholding Pattern IFGL Refractories Limited An Examination of Financial Performance for FY (Q4-Mar 2023-2024)

Shareholder Name	Previous Quater Quantity(In Crores)	Current Quater Quantity(In Crores)	Previous Quater Shares(in %)	Current Quater Shares(in %)	Quater to Quater Difference
Promoters	2.61	2.61	72.43	72.43	0
Public	0.99	0.99	15.5	13.76	-1.74 %
DII	0.42	0.49	11.7	13.53	+1.83 %
FII	0.01	0.01	0.37	0.28	-0.09 %
Government	0	0	0	0	0

Promoters shareholding remained stable, at 72.43% in both December 2023 and March 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public decreased from 15.5% in December 2023 to 13.76% in March 2024.This reduction indicates that the public’s stake in the company diminished during this period.DIIs (Domestic Institutional Investors) shareholding increased from 11.7% in December 2023 to 13.53% in March 2024 , indicating that domestic institutions increased their stake in the company by 1.83% . FIIs (Foreign Institutional Investors) shareholding decreased from 0.37% in December 2023 to 0.28% in March 2024 ,indicating that foreign institutions reduced their investments by 1.5% in the company during the quarter. This suggests a pullback in their investment .

Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Directors and their relatives (excluding independent directors and nominee directors)	0.001	0.000	0.02	0.01	-0.01 %
Resident Individuals holding nominal share capital up to Rs. 2 lakhs	0.339	0.295	9.4	8.2	-1.2 %
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs	0.118	0.111	3.29	3.08	-0.21 %
Non Resident Indians (NRIs)	0.010	0.007	0.28	0.18	-0.1 %
Bodies Corporate	0.015	0.008	0.41	0.23	-0.18 %
Any Other (specify)	0.018	0.017	0.51	0.47	-0.04 %

Observations show a significant difference of -0.01 % in Directors and their relatives (excluding independent directors and nominee directors)’s financial performance between quarters.Observations show a significant difference of -1.2 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Observations show a significant difference of -0.21 % in Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs’s financial performance between quarters.Observations show a significant difference of -0.1 % in Non Resident Indians (NRIs)’s financial performance between quarters.Observations show a significant difference of -0.18 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.04 % in Any Other (specify)’s financial performance between quarters.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Mutual Funds/	0.400	0.470	11.11	13.03	+ 1.92 %
DSP INDIA T.I.G.E.R. FUND	0.047	0.073	1.31	2.02	+ 0.71 %
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BALANCED	0.074	0.075	2.04	2.09	+ 0.05 %
HDFC SMALL CAP FUND	0.279	0.322	7.75	8.92	+ 1.17 %
Alternate Investment Funds	0.021	0.018	0.59	0.49	-0.1 %

The latest quarter saw a considerable enhancement in stakeholding for Mutual Funds/, reflecting an uptick of 1.92 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for DSP INDIA T.I.G.E.R. FUND, reflecting an uptick of 0.71 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BALANCED, reflecting an uptick of 0.05 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for HDFC SMALL CAP FUND, reflecting an uptick of 1.17 % in their shares.Alternate Investment Funds decreased their stake from 0.49% in the previous quarter to 0.59% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.1 %.

Shareholder Name	Previous Quarter Quantity (In Crores)	Current Quarter Quantity (In Crores)	Previous Quater Shares (in %)	Current Quater Shares (in %)	Quater-to-Quater Difference (%)
Foreign Portfolio Investors Category I	0.012	0.009	0.34	0.24	-0.1 %

Stakeholding dwindled by -0.1 % for Foreign Portfolio Investors Category I in comparison to the preceding quarter.