IMP Powers Limited has informed the Exchange about Shareholders meeting
Awaiting price reaction for this filing.
IMP Powers Limited conducted a postal ballot voting on two ordinary resolutions. Shareholders approved material related party transactions with GSEC Limited and Electrify Energy Private Limited for the financial year 2026-27. Both resolutions passed with 72.42% votes in favor (5,541 votes) against 27.58% (2,110 votes). The promoter group abstained from voting as they were interested parties. The voting period ran from February 27 to March 28, 2026, with a cut-off date of February 20, 2026. Total valid votes polled represented only 0.09% of outstanding shares, with the vast majority of shareholders not participating.
The approval allows the company to enter into material related party transactions with GSEC Limited and Electrify Energy Private Limited for FY 2026-27. The low voter turnout and promoter abstention may raise questions about governance oversight on these related party dealings.