To Consider and Approve Financial Results for the Quarter and half year ended on 30.09.2025.
Awaiting price reaction for this filing.
IMP Powers' board on November 10, 2025 approved unaudited standalone and consolidated results for Q2 and H1 FY26 (ended September 30, 2025). The statutory auditor (BJS & Associates) issued a Qualified Opinion on both sets of results, flagging a Going Concern qualification along with issues around unreconciled trade receivables, pending tax balance reconciliation, and the absence of impairment testing despite ongoing losses. The company had been under the IBC liquidation process and reports it has received Rs. 78 crore from a successful bidder for sale as a going concern. Standalone net loss for H1 FY26 widened to Rs. 405.42 lakh (vs Rs. 299.83 lakh loss in H1 FY25), with revenue from operations falling to Rs. 243.69 lakh from Rs. 349.90 lakh. Other equity remains deeply negative at Rs. (28,266.71) lakh, and current borrowings stand at Rs. 25,528 lakh. The board also appointed Naveen Kumar Singh as Whole-Time Director, adopted a new Articles of Association aligned to Companies Act 2013, and approved shifting the registered office from Silvassa to Ahmedabad.
Shareholders should treat this as a high-risk situation: the auditor's qualified opinion and explicit going-concern flag, combined with deeply negative net worth and widening losses, signal serious solvency and operational distress despite the recent IBC-driven sale proceeds. Revenue is shrinking and recurring profitability remains elusive, so the stock carries significant uncertainty.