Summary of the proceedings of the 63rd Annual General Meeting ('AGM') of the company held on Friday, September 26, 2025.
Awaiting price reaction for this filing.
IMP Powers Limited held its 63rd AGM on September 26, 2025, via video conferencing from 12:30 PM to 12:41 PM, with 39 members attending. The meeting was chaired by Mr. Rakesh Shah, and 11 resolutions were tabled covering ordinary business (adoption of FY25 audited standalone and consolidated financial statements, re-appointment of Mr. Tanuj M. Shah as a director retiring by rotation) and special business. Key special resolutions include appointing Mr. Naveen Kumar Singh as Whole-time Director (Executive Professional Director), revising borrowing limits and creating charges under Sections 180(1)(c) and 180(1)(a), adopting new Articles of Association, approving loans/guarantees/investments up to ₹300 Crores, material related party transactions with Electrify Energy Private Limited for FY26, reclassifying authorised share capital, and shifting the registered office from Silvassa to Ahmedabad. The CFO noted qualifications in the Statutory and Secretarial Audit reports and the management's response. Voting results are to be declared within two working days, with remote e-ving held from September 23–25, 2025.
Shareholders should watch for the scrutinizer's voting results on these resolutions — especially the borrowing limit revision, ₹300 Crore loan/investment authorisation, and the Silvassa-to-Ahmedabad registered office shift, which could signal a strategic or operational expansion. The approval of material related party transactions with Electrify Energy Private Limited is worth noting for governance and conflict-of-interest considerations.