Indian Metals & Ferro Alloys Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2025, declared Interim Dividend of Rs. 5 per equity share.
IMFA · price
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On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 3.0 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.
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IMFA's board has approved an Asset Transfer Agreement with Tata Steel to buy its Ferro Alloys plant at Kalinganagar, Odisha for a base consideration of Rs 610 crore plus applicable GST and net working capital. The deal, expected to close in 3–6 months subject to environmental and other statutory approvals, is aimed at expanding capacity and leveraging proximity to IMFA's captive mines and upcoming greenfield project. The board also declared an interim dividend of Rs 5 per share (50% on Rs 10 face value), with a record date of November 11, 2025 and payment on or before December 3, 2025. For Q2 FY26, standalone revenue rose to Rs 718.65 crore from Rs 691.92 crore a year ago, but net profit fell to Rs 98.77 crore from Rs 125.72 crore, reflecting higher power, fuel and other expenses. H1 FY26 standalone PAT stood at Rs 190.25 crore with EPS of Rs 35.26.
The Rs 610 crore acquisition strengthens IMFA's core ferro alloys business and long-term capacity, but the cash outflow combined with a year-on-year profit decline in Q2 may pressure short-term returns; the Rs 5 interim dividend provides near-term shareholder support.