Impex Ferro Tech Limited has informed the Exchange about Shareholders meeting
IMPEXFERRO · price
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Impex Ferro Tech Limited held its 29th Annual General Meeting on June 10, 2025, via video conferencing, with the meeting chaired by Mr. Ashok Kumar Sarawagi, the Resolution Professional (RP), indicating the company is under the Corporate Insolvency Resolution Process (CIRP). Around 47 members attended the meeting, but only one Director (Mr. Ritesh Chandak) was present and the Statutory Auditor's representative did not attend. The meeting covered the audited financial statements for FY 2023-24, along with auditor qualifications and management's reply. E-voting was conducted from June 7 to June 9, 2025, and voting results along with the Scrutinizer's report will be disclosed later. The meeting concluded at 3:38 p.m. after addressing shareholders' queries.
This AGM confirms Impex Ferro Tech is operating under insolvency proceedings, with a Resolution Professional in control rather than regular management. Shareholders face continued uncertainty over the company's financial recovery and the outcome of the CIRP process, which typically affects stock valuation and investor returns.