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, which met on November 10, 2025, approved the unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025), which received a qualified opinion from the statutory auditor. On a standalone basis, the company posted total income of Rs. 361.44 lakhs and a net loss of Rs. 405.42 lakhs for H1 FY26, with EPS of Rs. -4.67, continuing its pattern of financial weakness (negative net worth of Rs. 27,402.83 lakhs). The auditor flagged several concerns, including going-concern uncertainty, unreconciled trade receivables and tax balances, and the absence of any impairment testing on assets despite ongoing losses. The board appointed Mr. Naveen Kumar Singh as Whole-Time Director for a 1-year term effective August 8, 2025, approved the adoption of a new Articles of Association aligned with the Companies Act, 2013, and approved shifting the registered office from Silvassa (Dadra & Nagar Haveli) to Ahmedabad (Gujarat), subject to shareholder and Regional Director approval. Management noted the company has received Rs. 78 Cr from a successful bidder for sale as a going concern under the IBC liquidation process.
The widening losses, negative net worth, and auditor's qualified opinion highlight serious financial stress, but the Rs. 78 Cr going-concern bid suggests a potential turnaround path. Shareholders should monitor shareholder approvals for the AOA change and registered office shift, as well as further progress on the resolution plan with the new bidder.