Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following: 1. The Audited ....
Awaiting price reaction for this filing.
IMP Powers Limited reported Total Income of Rs. 368.27 Crore for FY2026, more than doubling from Rs. 132.69 Crore in the previous year. The company posted a Net Profit of Rs. 11.01 Lakhs compared to a loss of Rs. 208.40 Lakhs last year, with EPS of Rs. 0.16 versus negative Rs. 2.41. However, the auditors BJS and Associates issued a QUALIFIED OPINION continuing since March 2022, citing seven major issues: unrecovered trade receivables of Rs. 39.86 Crore outstanding over 3 years without ECL provision, unreconciled bank balances and other assets, failure to conduct asset impairment assessment despite prolonged production suspension, pending NCLT distribution order affecting accounting treatment, non-recognition of deferred tax under Ind AS 12, investment in subsidiary IMP Energy Ltd without impairment testing, and missing actuarial valuation for employee benefits. The company emerged from liquidation after e-auction with new management taking over in November 2024. Negative Other Equity of Rs. 27,850.27 Lakhs reflects accumulated losses.
The qualified audit opinion and multiple unresolved accounting issues indicate significant financial reporting risks. The stock may face negative sentiment due to auditors' concerns about receivables recoverability, asset valuations, and going concern assumptions despite recent management change.