Annual Report -Disclosure under Regulation 34 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations').
Awaiting price reaction for this filing.
IMP Powers Ltd has submitted its 63rd Annual Report for FY 2024-25 to BSE and NSE, filed via a digitally signed letter on September 4, 2025. The company underwent a significant change during the year — it was acquired as a going concern through the IBC liquidation process, with Rakesh R. Shah (in consortium with Electrify Energy Private Limited) emerging as the successful auction purchaser; a Certificate of Sale was issued on August 21, 2024, and NCLT granted relief and concessions on November 5, 2024. The full document covers the Directors' Report, Board details, committee composition, and audited standalone and consolidated financial statements. Key financial numbers (Standalone, INR in Lakhs): Revenue from operations was 152.72 vs 154.82 last year; other income jumped sharply to 1,173.23 from 74.49 (boosted by the IBC sale consideration of Rs 78 crore); net loss narrowed significantly to (208.40) from (2,048.99). No dividend was declared. The new board was constituted in January 2025 with three non-executive directors and three independent directors, including former POWERGRID Chairman Rabindra Nath Nayak.
This is a routine regulatory filing (annual report submission) with no direct stock-price trigger, but it confirms a major turnaround story — losses shrank roughly tenfold, new management has taken control, and the company is targeting Rs 100 crore revenue in FY 2025-26, suggesting potential recovery for long-term shareholders while near-term profitability remains negative.