CERTIFICATE OF NON-APPLICABILITY OF REGULATION 27 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 FOR THE QUARTER AND FINANCIAL YEAR ENDED ON MARCH 31, 2026.
Awaiting price reaction for this filing.
IMP Powers has filed a certificate confirming that the quarterly Corporate Governance Report under SEBI LODR Regulation 27 does not apply to it for the quarter and financial year ended March 31, 2026. The exemption is claimed under Regulation 15(2)(a) because the company's paid-up equity share capital is below ₹10 crore and its net worth is below ₹25 crore. The company states paid-up equity capital of ₹8.63 crore consistently over the last three financial years. However, the disclosed net worth is deeply negative at ₹-269.97 crore as on March 31, 2025, with accumulated losses of ₹-2.12 crore. The filing is signed by Chairman Rakesh Shah and certified by Practicing Company Secretary Shilpa Shah.
This is a routine compliance filing and is not a business event. However, shareholders should note the deeply negative net worth (around ₹-270 crore), which signals serious financial stress and may warrant caution. The company has also committed to comply with corporate governance norms within six months if it ever crosses the size thresholds.