Impex Ferro Tech Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
IMPEXFERRO · price
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Impex Ferro Tech Limited, currently under Corporate Insolvency Resolution Process (CIRP) since May 2024, reported a net loss of Rs. 186.64 lakhs for Q1 FY26, with total income of just Rs. 24.81 lakhs. The auditor issued a qualified opinion, flagging non-provision of cumulative interest of Rs. 63,020.22 lakhs on borrowings, unconfirmed trade balances, and ECL provisions of Rs. 707.13 lakhs. The auditor also highlighted a material uncertainty about the company's ability to continue as a going concern, noting fully eroded net worth and accumulated losses of Rs. 45,348.18 lakhs. A resolution plan has been submitted and an H1 bidder declared, but the outcome remains pending NCLT approval.
For shareholders, the stock remains a high-risk situation. The company is insolvent, its manufacturing plant has been shut since October 2022, and a CIRP resolution is the only path to recovery — meaning equity could be heavily diluted or wiped out depending on the resolution plan approved by NCLT. The stock is likely to remain volatile and speculative until the resolution outcome is known.