Promoter Rakesh Shah files Reg 31(4) disclosure; 3.23 cr share allotment pending

Mr. Rakesh Shah, newly appointed promoter of IMP Powers, declares under Reg 31(4) that the promoter group holds zero shares as on 31 March 2026 with no encumbrance created. IMP Powers was acquired as a going concern via NCLT e-auction by Electrify Energy in consortium with Rakesh Shah. NCLT Ahmedabad approved allotment of 3.23 crore equity shares at Rs 10 par to the consortium and 17 lakh shares to eligible public shareholders. In-principle approval from stock exchanges is still pending, so allotment and listing are not yet complete.