IMP Powers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
Awaiting price reaction for this filing.
IMP Powers Limited held its 63rd Annual General Meeting on September 26, 2025 via video conferencing, lasting just 11 minutes (12:30 PM to 12:41 PM), with 39 members in attendance. The meeting was chaired by Rakesh Shah, with CFO Mahendra Prajapati leading the proceedings; director Mr. Shaishav Shah was absent due to unavoidable circumstances. Eleven resolutions were tabled, including approval of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Tanuj M. Shah, appointment of Naveen Kumar Singh as Whole-time Director, revision of borrowing limits, creation of charges, adoption of new Articles of Association, authority for loans/investments up to ₹300 Crores, related party transactions with Electrify Energy Private Limited for FY2025-26, reclassification of Authorised Share Capital, and shifting of the registered office from Silvassa to Ahmedabad. The CFO also disclosed qualifications in the Statutory and Secretarial Audit reports and shared management's response. No speaker shareholders were present despite prior registration, and voting results are to be declared within two working days.
The AGM was largely procedural with several key items requiring attention: the ₹300 Crore loan/investment authorisation and a related party transaction with Electrify Energy Private Limited signal potential expansion or restructuring activity, while the proposed shift of the registered office from Silvassa to Ahmedabad may indicate a strategic relocation. Short meeting duration and absence of speaker shareholders suggest no contentious issues were raised, though qualifications in audit reports are worth monitoring.