In compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations ....
Awaiting price reaction for this filing.
IMP Powers Ltd's Board met on August 8, 2025, and approved several major decisions. Mr. Mahendra Prajapati (a Chartered Accountant with 20+ years of experience) was appointed as the new CFO and Whole-Time KMP, and Mr. Naveen Kumar Singh was appointed as Additional Director and Whole-Time Director. Internal auditor NPV & Associates LLP and secretarial auditor Ms. Shilpa Shah were re-appointed for FY 2025-26. The Board approved Q1 FY26 (quarter ended June 30, 2025) consolidated revenue of Rs. 171.18 lakhs (vs Rs. 0.18 lakhs in Q1 FY25) but reported a consolidated net loss of Rs. 200.33 lakhs with a negative EPS of Rs. (2.32). The company recently emerged from IBC liquidation, with new management taking over after the business was sold as a going concern for Rs. 78 crores. The Board also approved shifting the registered office from Silvassa (Dadra & Nagar Haveli) to Ahmedabad (Gujarat), reclassification of authorised share capital from equity + preference to a single class of 3.4 crore equity shares, adoption of new Articles of Association under Companies Act 2013, and proposals to increase borrowing limits under Section 180(1)(c)/(a). The statutory auditor issued a qualified opinion flagging unconfirmed receivables, pending tax reconciliations, and the absence of impairment testing on assets.
This signals an active restructuring phase under new post-IBC ownership with fresh leadership and governance overhaul, including a geographic shift to Gujarat. However, shareholders should note the continued quarterly losses, negative book value, and qualified auditor opinion highlighting unresolved financial reconciliations and governance gaps that warrant close monitoring.