Copy of Business Responsibility & Sustainability Report FY 2024-25
IMFA · price
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Awaiting price reaction for this filing.
IMFA filed its annual BRSR for FY 2024-25, covering its standalone operations in India (10 states) and exports to 12 countries. The company is a single-product manufacturer with ferro chrome accounting for 99.61% of turnover, and is highly export-oriented at 91.35% of revenue. Total turnover stood at Rs. 2,542.26 crore with net worth of Rs. 2,322.29 crore. Workforce includes 824 permanent employees and 5,603 total workers, with low female representation (6% among employees, 9% among workers). Key sustainability highlights include signing long-term power purchase agreements for 110 MW hybrid renewable energy (expected online by June 2026), zero liquid discharge across all plants, and setting targets for 5% annual reduction in scope 1, 2 & 3 emissions. The report also disclosed compounding fees of Rs. 44.50 lakh paid to the Registrar of Companies (Eastern Region, Kolkata) for violations of Sections 77, 129 and 206 of the Companies Act, 2013. Shareholder complaints dropped from 252 in FY24 to 191 in FY25, with zero fatalities reported.
This is a routine SEBI-mandated ESG compliance filing with no direct impact on share price or shareholder value. The 110 MW renewable energy tie-up is a positive long-term cost and carbon reduction step, while the Rs. 44.5 lakh in compounding fees for past compliance lapses is a minor one-time cost already absorbed.