Declaration of QFR, March, 2026
IMPEXFERRO · price
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Impex Ferro Tech Limited reported Q4 FY26 results while under Corporate Insolvency Resolution Process (CIRP) since May 2024. The auditor issued a Qualified Opinion citing: non-provision of Rs. 63,020.22 lakhs cumulative interest on borrowings (violating IND AS 109), unverified trade receivables/advances with Rs. 804.52 lakhs ECL provision, and unreconciled trade payables. The company posted net loss of Rs. 643.40 lakhs for FY26 with zero revenue from operations. Balance sheet shows severely negative equity of Rs. 32,164.23 lakhs (liabilities exceed assets), and manufacturing remains shut since October 2022. Statutory dues of Rs. 292 lakhs are in arrears for over six months. The auditor raised material uncertainty about the company's ability to continue as a going concern, dependent entirely on resolution plan approval.
The company is effectively insolvent with negative net worth and under bankruptcy proceedings. Shareholders face potential total loss as the resolution plan will determine any recovery. The stock is extremely high-risk given CIRP pendency, operational shutdown, and qualified audit opinion.