with reference to your e-mail dated 29.05.2026 regarding queries in financial results for the quarter and financial year ended on 31st March, 2026, the following reply for the requirements ....
Awaiting price reaction for this filing.
IMP Powers has submitted the complete (previously missing first page) Statement of Impact of Audit Qualifications for FY26 to the BSE, after the exchange raised queries on the May 26 filing. The auditor (B J S and Associates) has issued a Qualified Opinion on the consolidated results, with six continuing qualifications dating back to March 2022. Key concerns include: Rs. 39.86 crore of trade receivables (mostly 3+ years old, pre-CIRP, no expected credit loss recognised), Rs. 22.93 crore of unconfirmed/reconciled current assets, no impairment assessment of assets despite long production suspension, no deferred tax or actuarial valuation of employee benefits, and pending Supreme Court litigation by STCI Finance against the NCLAT order on distribution of sale proceeds. Despite these qualifications, the company reported total income of Rs. 36.83 crore in FY26 (up sharply from Rs. 13.26 crore in FY25) and a marginal net profit of Rs. 9.06 lakh versus a Rs. 4.56 crore loss in FY25. Other equity remains deeply negative at Rs. (279.45) crore and total borrowings stand at Rs. 257.29 crore.
This is a red-flag filing for retail investors — the multiple audit qualifications, deeply negative net worth, and ongoing insolvency-related litigation signal serious financial fragility. The year-on-year revenue growth and return to small profit are encouraging but the audit issues and the unresolved creditor dispute mean the numbers should be treated with significant caution. The stock is high-risk and suitable only for investors who can absorb potential total loss.