IMFA replaces JSW power agreements with 26% stake purchase

Acquisition announcedDeal cancelledStrategic Transactions View source PDF Explain this filing

IMFA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹1010.10

prior close

₹1011.40

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.1%+1.0% vs market

Ferro & Silica Manganese peers, median of 6sector-0.6%+1.5% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.5 pts more than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+0.8

15m

+0.5

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9-0.1+1.0-0.6+1.5

Next day

+1.7-0.2+1.9-2.9+4.6

+3.4+0.6+2.8-4.1+7.4

+2.0+1.1+0.9-3.6+5.6

+3.3+1.8+1.5-2.6+5.9

+8.3+1.5+6.8-0.8+9.1

+10.0+1.1+8.8+0.2+9.8

15d

+15.3-1.2+16.6+2.4+12.9

+21.4-1.7+23.1-2.5+23.9

+32.9-1.7+34.6-4.9+37.8

+33.3-6.3+39.6-16.4+49.7

UpDownMarket · Nifty Microcap 250Sector · Ferro & Silica Manganese peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

On 10 September 2025, IMFA ended power purchase and shareholder agreements with two JSW Green Energy entities because the selected substation location was unavailable. It signed fresh agreements with JSW Renew Energy Twelve for 70 MW of hybrid solar and wind power. IMFA will subscribe to 26% of the new producer for Rs 85.38 crore, up from Rs 83.26 crore under the earlier plan.

Likely market impact

Renewable power plans remain intact, but planned investment rises by Rs 2.12 crore. The replacement project still carries construction and commissioning risk.