Refractory Shapes Board Recommends New Auditor After Four Director Resignations

Board noted resignations of the statutory auditor, one director and three independent directors; recommended a new auditor and reconstituted key committees. Multiple independent-director exits represent a significant governance reset, with the Audit Committee chair and other committee roles reassigned. Reasons for the auditor and director resignations, transition timing and any impact on FY26 reporting were not disclosed; expansion discussions remained unspecified.