The 63rd Annual General Meeting (AGM) of IMP Powers Limited, scheduled to be held on Friday, September 26, 2025 at 12:30 p.m.
Awaiting price reaction for this filing.
IMP Powers Limited has issued the notice for its 63rd AGM to be held on Friday, September 26, 2025 at 12:30 p.m. via Video Conferencing, with e-voting window from September 23-25, 2025. The agenda includes adoption of FY25 audited financial statements (standalone and consolidated) and reappointment of Mr. Tanuj M. Shah, who retires by rotation. Key special business items seek shareholder approval for: appointing Mr. Naveen Kumar Singh as Executive Professional Director (Whole-time Director) for 1 year at a remuneration of INR 1.40 Crore per annum; revising the borrowing limit under Section 180(1)(c) to INR 500 Crore; enabling loans/investments/guarantees up to INR 300 Crore under Section 186; approving material related party transactions with promoter company Electrify Energy Private Limited for FY26; reclassifying authorized capital by converting 63.3 lakh preference shares into equity shares (total unchanged at INR 34 Crore); adopting new Articles of Association; and shifting the registered office from Silvassa (Dadra & Nagar Haveli) to Ahmedabad (Gujarat).
Shareholders should review these resolutions carefully, particularly the appointment of a new Whole-time Director with a INR 1.4 Cr annual pay-out, the significant rise in borrowing capacity to INR 500 Crore, and the proposed related party transactions with the promoter group entity. The preference-to-equity share reclassification and the registered office shift to Gujarat are also structural changes that may affect shareholder rights and the company's regulatory jurisdiction going forward.