IMP Powers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025. Further, the company has informed the Exchange regarding voting results.
Awaiting price reaction for this filing.
IMP Powers Limited submitted the voting results and scrutinizer's report for its 63rd AGM held on September 26, 2025 via video conferencing. Eleven resolutions were put to vote, including adoption of FY25 audited financials, re-appointment of Mr. Tanuj M. Shah, appointment of Mr. Naveen Kumar Singh as Executive Professional Director, revision in borrowing limits, creation of charge on company assets, adoption of new Articles of Association, authority to make loans/investments up to Rs 300 crore, material related party transactions with Electrify Energy Private Limited for FY26, reclassification of Authorised Share Capital, and shifting of the registered office from Silvassa to Ahmedabad. Voting turnout was very low at just 10,461 shares (0.12% of the 86,36,563 outstanding shares), with promoters (holding 11,83,615 shares, about 13.7%) not voting at all. All 11 resolutions passed with a slim 59.41% in favour and 40.59% against, as only 24 public non-institutional shareholders participated in the e-voting.
While all resolutions technically passed, the razor-thin margin and complete absence of promoter voting on key corporate actions like raising borrowing limits, approving Rs 300 crore in loans/investments, and shifting the registered office may raise governance concerns among retail investors. The material RPT approval with Electrify Energy Private Limited and the 40%+ dissent on every resolution are red flags worth tracking for future shareholder behaviour.