Non- Applicability of corporate governance for financial year 2025-2026.
Awaiting price reaction for this filing.
IMP Powers Limited has told BSE and NSE that SEBI's quarterly corporate governance reporting requirement (Regulation 27 of LODR) does not apply to it for the quarter and nine months ended December 31, 2025. The exemption is because its paid-up equity share capital stands at only ₹8.63 crore, below the ₹10 crore threshold. Its net worth is deeply negative at ₹-269.97 crore as on March 31, 2025, far below the ₹25 crore cut-off. The company's accumulated losses have, however, improved sharply from ₹-51.95 crore in FY23 to just ₹-2.118 crore in FY25. A practicing company secretary has certified the exemption, and the company has promised to comply with governance rules within six months if it ever crosses the thresholds.
This is a routine compliance filing confirming the company qualifies as a small-cap entity exempt from detailed corporate governance disclosures. Investors should note the alarmingly negative net worth, which points to long-standing financial stress, even though shrinking accumulated losses suggest the business is moving closer to breaking even on a cumulative basis.