Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find attached Postal Ballot Notice of IMP ....
Awaiting price reaction for this filing.
IMP Powers has sent out a Postal Ballot Notice to shareholders seeking approval through remote e-voting for two material related party transactions for FY 2026-27. The first is for transactions worth up to Rs. 100 crore with GSEC Limited (the holding company of IMP Powers' promoter Electrify Energy) for purchase of raw materials and parts used in making electrical transformers. The second is for material related party transactions with Electrify Energy Private Limited, which is the promoter company. The high ratio of the GSEC transaction to IMP Powers' turnover (2,140%) is explained by the company having had no operations in the previous financial year due to its takeover as a going concern under liquidation. E-voting runs from February 27, 2026 (9:00 AM) to March 28, 2026 (5:00 PM). Chairman Rakesh Shah and Director Shaishav Shah, both promoters, have a direct/indirect interest in these transactions and will not vote on the resolutions.
Shareholders need to vote on these related party deals by March 28, 2026. Since the promoter directors are interested parties, they will be barred from voting, making non-promoter shareholder votes decisive. Approval would let the company buy transformer raw materials from its promoter group in FY27; rejection could disrupt planned sourcing.