Impex Ferro Tech Limited has informed the Exchange about Shareholders meeting- Voting Results and Scrutinizers Report
IMPEXFERRO · price
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Impex Ferro Tech Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP) with Resolution Professional Mr. Ashok Kumar Sarawagi, held its 29th AGM on June 10, 2025 via video conferencing. CS Abhijeet Jain of A J & Associates served as the Scrutinizer for the remote e-voting (June 7-9, 2025) and e-voting at the AGM. The only resolution detailed in this filing is the adoption of the Audited Balance Sheet and Statement of Profit and Loss for FY ended March 31, 2024. This resolution was passed with overwhelming support: 50,017,904 votes (99.99%) in favour and only 1,643 votes (0.01%) against. Promoters (holding 60,764,846 shares) polled 82.26% of their holding and voted 100% in favour, while public shareholders showed very low participation at just 0.11% (30,301 shares out of 27,166,758), voting 94.58% in favour.
The resolution was passed with near-unanimous shareholder approval, indicating no significant dissent. However, the company remains under CIRP, which remains the key risk factor for shareholders. The extremely low public shareholder voting turnout (0.11%) suggests limited engagement or awareness among retail investors.