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Latest filing: 2026-08-08 17:59
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
14 announcements match the current filters (relevance ≥ 5).
IMP Powers reports ‡77.59 lakh Q1 loss; re-appoints Naveen Kumar Singh as WTD for 1 year
IMP Powers Limited reported a consolidated net loss of ‡77.59 lakhs for the quarter ended June 30, 2026, compared to a loss of ‡200.32 lakhs in the year-ago period. The company is currently transitioning under a ‡78 crore successful bid by Electrifty Energy Pvt Ltd as part of a liquidation process. Auditors have issued a qualified opinion, citing unprovided credit losses on old receivables and lack of independent balance confirmations. The board also approved the re-appointment of Naveen Kumar Singh as Whole-time Director for a one-year term to maintain leadership continuity.
Confidence: HIGH
What changedThe company has released its Q1 FY27 financial results and extended the term of its Whole-time Director while remaining under a liquidation-to-new-management transition.
Why it mattersThe company is in a critical turnaround phase; while losses are narrowing, the massive negative equity and ongoing legal disputes over sale proceeds create significant uncertainty for existing shareholders.
Q1 Net Loss: ‡77.59 lakhsQ1 Revenue: ‡1,023.16 lakhsSuccessful Bid Amount: ‡78 croreNegative Other Equity: ‡27,944.63 lakhsWTD Re-appointment Term: 1 year
📅 Short termThe stock may remain volatile as the market weighs the narrowed losses against the auditor's qualified opinion and legacy financial risks.
📈 Long termThe long-term viability depends entirely on the new management's ability to clear legacy liabilities and restart growth post-liquidation proceedings.
⚠ Risk flags
- Qualified audit opinion on trade receivables and bank balances
- Ongoing Supreme Court litigation regarding sale proceeds
- Significant negative net worth
- Non-provision of interest on old financial liabilities
Key Highlights
Consolidated revenue from operations for Q1 FY27 stood at ‡1,023.16 lakhs, a decrease from ‡1,180.34 lakhs YoY.
Net loss narrowed significantly to ‡77.59 lakhs from ‡200.32 lakhs in the same quarter last year.
Successful bidder Electrifty Energy Pvt Ltd has paid the full bid amount of ‡78 crore for the company as a going concern.
Other Equity remains deeply negative at -‡27,944.63 lakhs as of the last audited balance sheet.
Mr. Naveen Kumar Singh re-appointed as Whole-time Director for a period of one year effective August 8, 2026.
👀 What to Watch
Investors should monitor the outcome of the ongoing Supreme Court challenge by STCI Finance Limited regarding the distribution of sale proceeds and the subsequent accounting of legacy debt write-offs.
IMP Powers Reports ₹77.59 Lakh Q1 Loss; Auditor Flags Unconfirmed Assets and Receivables
IMP Powers Limited reported a consolidated net loss of ₹77.59 lakhs for the quarter ended June 30, 2026, compared to a loss of ₹200.32 lakhs in the same quarter last year. The company is currently in a liquidation process where a successful bidder has paid ₹78 crore to acquire it as a going concern, though legal disputes over the distribution of these proceeds are pending in the Supreme Court. Statutory auditors have issued a qualified opinion, warning that trade receivables and bank balances lack independent confirmation and may be overstated. Additionally, the board re-appointed Naveen Kumar Singh as Whole-time Director for a one-year term.
Confidence: HIGH
What changedThe company has transitioned through a liquidation sale to new management, but legacy financial issues and legal challenges regarding sale proceeds remain unresolved.
Why it mattersThe auditor's qualified opinion suggests the balance sheet may be overstated due to unrecoverable receivables, and the finality of the debt resolution depends on pending litigation.
Net Loss (Q1 FY27): ₹77.59 lakhsSale Bid Amount: ₹78 croreFinance Costs: ₹57.42 lakhsBasic EPS: ₹(0.90)Paid-up Equity Capital: ₹863.66 lakhs
📅 Short termThe stock may face pressure due to the reported loss and the auditor's concerns regarding the validity of asset carrying values.
📈 Long termThe long-term outlook is entirely dependent on the successful resolution of Supreme Court litigation and the new management's ability to turn around operations post-liquidation.
⚠ Risk flags
- Auditor qualification on trade receivables and bank balances
- Ongoing Supreme Court litigation regarding sale proceeds
- History of insolvency and liquidation proceedings
- Potential overstatement of assets
Key Highlights
Consolidated net loss of ₹77.59 lakhs for Q1 FY27, an improvement from the ₹200.32 lakhs loss in Q1 FY26.
Successful bidder (Electrifty Energy Pvt Ltd consortium) paid ₹78 crore for the company under liquidation regulations.
Auditors flagged that substantial trade receivables are outstanding for over 3 years without Expected Credit Loss (ECL) provisions.
Re-appointment of Naveen Kumar Singh as Whole-time Director for a 1-year term effective August 8, 2026.
Finance costs for the quarter stood at ₹57.42 lakhs, primarily on fresh loans taken post-management change.
👀 What to Watch
Investors should closely monitor the Supreme Court's ruling regarding the distribution of the ₹78 crore sale proceeds and the subsequent accounting write-backs or write-offs that will follow.
IMP Powers: Promoter Discloses Acquisition via Liquidation; 3.23 Cr Shares to be Allotted
IMP Powers Limited is being revived as a going concern following an e-auction acquisition by Electrify Energy Private Limited in consortium with Mr. Rakesh Shah. Under an NCLT-approved plan, the company will issue 3.23 crore equity shares (totaling ₹32.30 crore) to the new promoter group and 17 lakh shares to eligible public shareholders. The existing share capital is subject to extinguishment or reduction as part of the relief and concessions granted by the NCLT. Currently, the allotment and listing of these shares are pending as the company awaits in-principle approval from the stock exchanges.
Key Highlights
Company acquired as a going concern under IBBI Liquidation Process by Electrify Energy and Rakesh Shah.
NCLT Ahmedabad order dated November 5, 2024, approved the issuance of 3.23 crore equity shares to the successful bidders.
Existing share capital to be reduced/extinguished with 17 lakh new shares to be allotted to eligible public shareholders.
Promoter group currently reports zero shareholding and zero encumbrances as of March 31, 2026, pending formal allotment.
In-principle approval for the allotment and listing of new shares is currently under process with the stock exchanges.
👀 What to Watch
Investors should monitor the stock exchange approvals for the listing of new shares and understand that existing equity will undergo significant reduction or extinguishment.
IMP Powers FY26 Results Marred by Major Audit Qualifications and Supreme Court Litigation
IMP Powers Limited reported its FY26 audited results, which received a heavily qualified opinion from auditors due to multiple accounting failures. The company has not provided for Rs. 39.86 crore in aged trade receivables and lacks documentation for Rs. 21.83 crore in other current assets. While a sale certificate was issued for a bid of Rs. 78 crore following liquidation proceedings, the distribution of proceeds is currently stalled by litigation in the Supreme Court. Additionally, the company failed to conduct mandatory impairment assessments and actuarial valuations for employee benefits.
Key Highlights
Auditors flagged Rs. 39.86 crore in trade receivables outstanding for over 3 years without any Expected Credit Loss (ECL) provisioning.
Unsubstantiated balances totaling Rs. 22.78 crore across bank accounts and other current assets lack independent confirmation.
A successful bid of Rs. 78 crore for the company is currently under legal challenge by STCI Finance Limited in the Supreme Court.
No impairment assessment was performed on assets or the Rs. 77.48 lakh investment in a subsidiary with negative net worth.
The company failed to carry out mandatory actuarial valuations for gratuity and leave encashment obligations as of March 31, 2026.
👀 What to Watch
Investors should remain highly cautious as the multiple audit qualifications suggest that the company's financial health is likely much worse than the reported figures. The primary focus should be on the Supreme Court's final order regarding the distribution of sale proceeds.
IMP Powers FY26 Results: Auditors Raise Red Flags on ₹39.86 Cr Receivables and Legal Disputes
IMP Powers Limited has approved its FY26 financial results, which are heavily marred by a Qualified Opinion from auditors. Key concerns include ₹39.86 crore in aged trade receivables without credit loss provisions and ₹21.83 crore in unsubstantiated current assets. The company is in a post-liquidation phase following a ₹78 crore bid by Electrify Energy Pvt Ltd, but final distribution is stalled due to Supreme Court litigation. Furthermore, the company has failed to conduct mandatory impairment assessments and actuarial valuations for employee benefits.
Key Highlights
Auditors issued a qualified opinion citing ₹39.86 crore in trade receivables outstanding for over three years without ECL provisions.
Unsubstantiated balances include ₹0.95 crore in bank accounts and ₹21.83 crore in other current assets from the pre-CIRP period.
A successful bid of ₹78 crore by Electrify Energy Pvt Ltd is currently subject to a Supreme Court challenge by STCI Finance Limited.
The company failed to perform impairment assessments on its assets and its ₹77.48 lakh investment in subsidiary IMP Energy Ltd.
No actuarial valuation was conducted for employee benefit obligations like gratuity and leave encashment as of March 31, 2026.
👀 What to Watch
Investors should exercise extreme caution as the audit qualifications suggest significant overstatement of assets and potential hidden liabilities. The ongoing Supreme Court litigation regarding the distribution of sale proceeds adds further uncertainty to any residual value for shareholders.
IMP Powers Shareholders Approve Material Related Party Transactions for FY 2026-27
IMP Powers Limited has received shareholder approval through a postal ballot for material Related Party Transactions (RPTs) planned for the 2026-27 financial year. The transactions involve GSEC Limited and Electrify Energy Private Limited. Both ordinary resolutions were passed with a 72.42% majority of the votes polled. The promoter group, holding over 14.47 lakh shares, abstained from voting as they were interested parties in the resolutions.
Key Highlights
Approved material RPTs with GSEC Limited and Electrify Energy Private Limited for the 2026-27 financial year.
Resolutions passed with 5,541 votes (72.42%) in favor and 2,110 votes (27.58%) against.
Total voter participation was low, with only 7,651 votes polled out of a total share base of 86,36,563.
Promoter and Promoter Group (14,47,207 shares) did not participate in the voting process due to conflict of interest.
👀 What to Watch
Investors should monitor the specific financial terms of these related party transactions in future filings to ensure they are conducted at arm's length. The 27.58% dissent among voting minority shareholders suggests a need for transparency regarding these deals.
IMP Powers Seeks Shareholder Approval for Material Related Party Transactions for FY 2026-27
IMP Powers Limited has initiated a postal ballot process to obtain shareholder approval for material related party transactions (RPTs) planned for the financial year 2026-27. The proposed transactions involve GSEC Limited and Electrify Energy Private Limited, a promoter group entity. Voting is conducted through a remote e-voting facility open from February 27, 2026, to March 28, 2026. The company maintains that these transactions will be conducted in the ordinary course of business and at arm's length.
Key Highlights
Proposed material RPTs with GSEC Limited for the financial year 2026-27.
Proposed material RPTs with Electrify Energy Private Limited (Promoter Company) for FY 2026-27.
Remote e-voting period scheduled from February 27, 2026, to March 28, 2026.
Eligibility for voting determined by the cut-off date of February 20, 2026.
Results of the postal ballot to be declared within two working days of the voting closure.
👀 What to Watch
Investors should examine the specific transaction limits and nature of business with these related parties to ensure no conflict of interest. Monitor the voting outcome to be announced by March 30, 2026.
IMP Powers Reports Q3 Net Loss of ₹2.17 Crore; Auditors Issue Qualified Opinion
IMP Powers Limited reported a standalone net loss of ₹217.10 lakhs for the quarter ended December 31, 2025, a significant increase from the ₹108.86 lakhs loss in the prior year's quarter. Revenue from operations remains extremely low at just ₹12.76 lakhs for the quarter, though up slightly from ₹8.14 lakhs year-on-year. The statutory auditors have issued a qualified opinion, highlighting concerns over unconfirmed trade receivables, lack of impairment testing on assets, and improper inventory valuation. For the nine-month period, the company's total loss has reached ₹630.78 lakhs, indicating deep financial distress.
Key Highlights
Net loss for Q3 FY26 widened to ₹217.10 lakhs from ₹108.86 lakhs in Q3 FY25.
Revenue from operations remains negligible at ₹12.76 lakhs for the quarter.
Auditors issued a qualified opinion citing failure to perform impairment testing despite significant operational reductions.
Inventory is currently understated as the company failed to include direct labor and manufacturing overheads in its valuation.
Trade receivables, other financial assets, and bank balances are subject to pending confirmations and reconciliations.
👀 What to Watch
Investors should exercise extreme caution as the company faces severe financial instability, negligible revenues, and multiple auditor qualifications regarding its financial reporting. The lack of impairment testing and inventory discrepancies suggest significant risks to the carrying value of assets.
IMP Powers Reports Q3 Net Loss of ₹217 Lakhs; Auditor Issues Qualified Opinion
IMP Powers Limited reported a net loss of ₹217.10 Lakhs for the quarter ended December 31, 2025, widening from a loss of ₹108.64 Lakhs in the previous year's corresponding quarter. Total income for the quarter stood at ₹163.50 Lakhs, a decline from ₹181.60 Lakhs year-on-year. The statutory auditors have issued a qualified opinion, highlighting that the company failed to perform impairment testing despite significant operational reductions and ongoing losses. Furthermore, the company resumed manufacturing but failed to include direct labor and overheads in inventory valuation, leading to understated inventory figures.
Key Highlights
Net loss widened to ₹217.10 Lakhs in Q3 FY26 compared to ₹108.64 Lakhs in Q3 FY25.
Total income for the quarter decreased to ₹163.50 Lakhs from ₹181.60 Lakhs year-on-year.
Auditors issued a qualified opinion citing lack of impairment testing on assets despite indicators of potential impairment.
Inventory valuation for the quarter excluded direct labor and manufacturing overheads, resulting in understated inventory and potentially overstated expenses.
Trade receivables, other financial assets, and bank balances are subject to pending confirmations and reconciliations.
👀 What to Watch
Investors should exercise extreme caution as the company continues to report losses and faces significant auditor qualifications regarding asset valuation and financial reconciliations. The lack of impairment testing and inventory valuation issues suggest that the reported financial position may not accurately reflect the underlying asset quality.
IMP Powers Responds to SEBI; New Management Seeks Revocation of Trading Suspension
IMP Powers Limited has been acquired as a going concern by Electrify Energy Private Limited and Shri Rakesh Ramanlal Shah through an IBBI e-auction process. The new management has informed the exchange that they cannot provide clarifications on financial results for the quarter ended March 31, 2024, as those filings were managed by the Liquidator's office. Following an NCLT Ahmedabad order dated November 5, 2024, which granted specific reliefs, the company has requested the exchange to revoke the suspension of trading. The company is also seeking the listing of new shares to be allotted under the acquisition terms.
Key Highlights
Company acquired as a going concern under Regulation 32(e) of IBBI Regulations by Electrify Energy Private Limited.
NCLT Ahmedabad order dated November 5, 2024, granted reliefs and concessions to the successful auction purchasers.
New management unable to clarify March 2024 financial reporting as it was handled by the Liquidator.
Formal request for revocation of trading suspension and listing of new shares submitted on January 31, 2025.
👀 What to Watch
Investors should closely monitor the exchange's decision on the revocation of trading suspension and the specific terms of the new share allotment. The stock remains high-risk as it transitions from liquidation to new management control.
IMP Powers Clarifies Financial Reporting Status Following Liquidation and Ownership Change
IMP Powers Limited has responded to the Exchange's clarification request regarding financial results from May 2023. The company was acquired as a going concern by Electrify Energy Private Limited and Shri Rakesh Ramanlal Shah through an e-auction under IBBI Liquidation Regulations. The new management stated they cannot comment on past reporting as it was handled by the Liquidator's office. The company has already approached the exchange to revoke the trading suspension and list new shares following an NCLT order dated November 5, 2024.
Key Highlights
Company acquired as a going concern by Electrify Energy Private Limited and Shri Rakesh Ramanlal Shah
NCLT Ahmedabad order dated 05.11.2024 granted specific reliefs and concessions to the new owners
Management unable to clarify May 2023 financial results as data remains with the Liquidator's office
Formal request submitted to the Exchange on 31.01.2025 for revocation of trading suspension
New shares are pending allotment and listing as per the cited NCLT order
👀 What to Watch
Investors should monitor the Exchange's response regarding the revocation of the trading suspension and the listing of new shares. The stock remains a high-risk 'watch' as the company transitions from liquidation back to active operations.
IMP Powers Acquired as Going Concern; New Management Seeks Trading Revocation
IMP Powers Limited has been acquired as a going concern by Electrify Energy Private Limited and Shri Rakesh Ramanlal Shah through an e-auction under IBBI regulations. The Hon'ble NCLT Ahmedabad issued an order on November 5, 2024, granting specific reliefs and concessions to the successful auction purchasers. The current management is unable to clarify financial results from March 2023 as they were prepared by the Liquidator's office and records were not transferred. The company has formally requested the stock exchange to revoke the suspension of trading and list new shares to be allotted under the NCLT order.
Key Highlights
Company purchased as a going concern under Regulation 32(e) of IBBI Regulations by Electrify Energy consortium.
NCLT Ahmedabad order dated November 5, 2024, granted reliefs and concessions to the new management.
Formal request submitted to the exchange on January 31, 2025, for revocation of trading suspension.
New shares are scheduled to be allotted as per the court-approved acquisition plan.
👀 What to Watch
Investors should closely monitor the exchange's decision regarding the revocation of the trading suspension and the terms of the new share allotment. While the exit from liquidation is positive, the lack of access to historical financial data by new management adds a layer of uncertainty.
IMP Powers Exempted from SEBI Corporate Governance Filing Due to Negative Net Worth
IMP Powers Limited has notified the exchanges regarding the non-applicability of quarterly corporate governance reports for the period ended December 31, 2025. This exemption is granted under SEBI Regulation 15(2)(a) as the company's paid-up equity capital is ₹8.63 crore, below the ₹10 crore threshold. However, the filing reveals a deeply concerning financial state, with a negative net worth of -₹269.97 crore as of March 31, 2025. This negative net worth has progressively worsened from -₹247.68 crore in 2023, indicating severe financial distress.
Key Highlights
Paid-up equity share capital stands at ₹8.63 crore, remaining unchanged for the last three financial years.
Net worth is significantly negative at -₹269.97 crore as of March 31, 2025, compared to -₹267.85 crore in 2024.
Company is exempt from SEBI LODR Regulations 17 to 27, which cover board composition and audit committee requirements.
The deficit in the Statement of Profit & Loss has reached -₹2.118 crore as of the latest filing date.
The exemption reduces the level of regulatory oversight and disclosure required for the company.
👀 What to Watch
Investors should exercise extreme caution as the company's deeply negative net worth suggests a high risk of insolvency. The lack of mandatory corporate governance reporting further limits the transparency available to retail shareholders.
IMP Powers Shareholders Approve ₹300 Cr Investment Limit and Office Relocation
IMP Powers Limited has successfully passed six special resolutions through a postal ballot, granting management significant financial flexibility. Key approvals include a ₹300 Crore limit for inter-corporate loans and investments, alongside revised borrowing powers and asset charging capabilities. The company also confirmed the appointment of Mr. Naveen Kumar Singh as a Whole-time Director and the relocation of its registered office to Ahmedabad. These moves suggest a strategic restructuring or preparation for significant capital deployment in the near future.
Key Highlights
Approved a limit of up to ₹300 Crores for making loans, giving guarantees, or acquiring securities.
Passed special resolutions to revise borrowing limits and create mortgages/charges on company assets under Section 180.
Confirmed the appointment of Mr. Naveen Kumar Singh as Whole-time Director with 99.20% votes in favor.
Approved the shifting of the Registered Office from Silvassa to Ahmedabad for operational efficiency.
Total of 16.32 lakh votes were polled, with approximately 99.20% favoring all proposed resolutions.
👀 What to Watch
Investors should monitor the company's subsequent filings to see how the ₹300 Crore investment mandate is utilized, as it indicates potential expansion or M&A activity. The increased borrowing flexibility is a signal that the company is positioning itself for higher capital requirements.
