Impex Ferro Tech Limited has informed the Exchange regarding Board meeting held on July 23, 2025.
IMPEXFERRO · price
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Impex Ferro Tech Limited, which is under Corporate Insolvency Resolution Process (CIRP) initiated by NCLT Kolkata on May 2, 2024, submitted its H1 FY25 results along with a qualified audit opinion. The company reported revenue of just Rs. 20.79 lakhs for Q2 FY25 (down sharply from Rs. 217.18 lakhs in Q1 FY25) and a net loss of Rs. 184.16 lakhs for the quarter, taking the half-year loss to Rs. 342.39 lakhs. Total equity is deeply negative at Rs. (31,156.62) lakhs, with liabilities of Rs. 48,176 lakhs far exceeding total assets of Rs. 17,019 lakhs. The auditor flagged non-provisioning of cumulative interest of Rs. 63,020 lakhs, which would push negative equity further to Rs. (1,02,970) lakhs. Manufacturing has been shut since October 2022 due to power disconnection by DVC. A resolution plan has been submitted and one bidder declared as H1, but outcome is pending.
Shareholders face extreme risk — the company is in insolvency with fully eroded net worth, a qualified audit opinion, and material uncertainty on going concern. Stock value is effectively tied to the outcome of the CIRP resolution plan and NCLT approval; trading remains highly speculative until a resolution is finalized.