Indian Metals & Ferro Alloys Limited has informed the Exchange regarding Change in Auditors of the company.
IMFA · price
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IMFA's Board of Directors met on 21st May 2025 and approved audited financial results for Q4 and FY ended 31 March 2025. Standalone revenue from operations stood at Rs 2,564.57 crore (down from Rs 2,780.17 crore last year), while net profit rose slightly to Rs 378.09 crore (from Rs 363.69 crore), translating to an EPS of Rs 70.08. The Board recommended a final dividend of Rs 2 per share (20%) on the Rs 10 face value, subject to shareholder approval. Mrs Latha Ravindran was re-appointed as Independent Director for a second five-year term, and Ms Kiran Dhingra was appointed as Additional Independent Director subject to security clearance. M/s Sunita Jyotirmoy & Associates was appointed as the new Secretarial Auditor for five years, and M/s S.S. Sonthalia & Co. as Cost Auditor for FY26. The Board also approved incorporating a new wholly owned subsidiary named 'Metallix Aviation Private Limited'.
Modest earnings growth in a challenging year, supported by dividend continuity, signals steady shareholder returns. The new subsidiary for aviation aligns with the company's renewable energy push, while standard auditor rotations and independent director additions reinforce governance stability without raising concerns.