🔍

IMPEXFERRO - Impex Ferro Tech

📊 NSE: IMPEXFERRO 🏢 Mining / Minerals / Metals 📅 Last Updated: 12/14/2025 7:57

📢 Recent Corporate Announcements

Impex Ferro Tech 25th CoC Meeting: Finalizes Resolution Applicants and Seeks CIRP Extension

🔵 WATCH ⭐ 8/10

LEGAL 📅 09 Mar 2026, 05:44 PM

Impex Ferro Tech Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 25th Committee of Creditors (CoC) meeting on March 6, 2026. The meeting focused on finalizing the list of eligible Prospective Resolution Applicants and the Request for Resolution Plan (RFRP). Notably, the CoC approved filing an application for an extension of the CIRP timeframe with the NCLT, Kolkata. Additionally, CIRP costs incurred up to February 2026 were reviewed and approved as the process moves toward a potential resolution.

25th CoC meeting successfully convened on March 6, 2026, to progress the insolvency process.
Finalized the list of eligible Prospective Resolution Applicants (PRAs) as per CIRP regulations.
Approved the Request for Resolution Plan (RFRP) and the evaluation matrix for potential bidders.
Authorized the filing of an application for an extension of the CIRP period with NCLT, Kolkata.
Approved CIRP-related costs incurred for the period ending February 2026.

💡 Investors should exercise extreme caution as the company is in insolvency, which often results in significant equity write-downs or delisting. Monitor the NCLT's decision on the CIRP extension and the eventual selection of a resolution applicant.

Impex Ferro Tech Schedules 25th Committee of Creditors Meeting for March 6, 2026

🔵 WATCH ⭐ 7/10

LEGAL 📅 05 Mar 2026, 10:53 AM

Impex Ferro Tech Limited has scheduled its 25th Committee of Creditors (CoC) meeting for March 6, 2026, as part of its ongoing Corporate Insolvency Resolution Process (CIRP). The company is currently under the management of Resolution Professional Ashok Kumar Sarawagi. This meeting is a critical step in the insolvency proceedings, which have now reached their 25th iteration. Investors should be aware that the company remains in a distressed state while creditors deliberate on resolution plans.

25th meeting of the Committee of Creditors (CoC) to be held on March 6, 2026
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP)
Meeting scheduled for 12:00 Hrs IST via hybrid mode (physical and virtual)
Resolution Professional Ashok Kumar Sarawagi's authorization is valid until December 31, 2026

💡 Investors should exercise extreme caution as insolvency proceedings often lead to significant equity dilution or delisting. Monitor for any announcements regarding the approval of a resolution plan or liquidation orders following this meeting.

Impex Ferro Tech Schedules 24th CoC Meeting Under Insolvency Process

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 18 Feb 2026, 11:46 AM

Impex Ferro Tech Limited has announced the 24th meeting of its Committee of Creditors (CoC) scheduled for February 19, 2026. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. This meeting is part of the ongoing efforts to find a resolution for the company's debt obligations. The process is being managed by Resolution Professional Ashok Kumar Sarawagi, as the company remains under financial distress.

24th meeting of the Committee of Creditors (CoC) to be held on February 19, 2026
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP)
Meeting will be conducted in hybrid mode (physical and virtual) from Kolkata
Resolution Professional Ashok Kumar Sarawagi is overseeing the insolvency proceedings
Compliance is maintained under Regulation 30 of SEBI Listing Obligations

💡 Investors should exercise extreme caution as equity value is typically at high risk during insolvency proceedings. Monitor for any updates regarding a potential resolution plan or liquidation order which could impact the stock's future.

Impex Ferro Tech to Issue Fresh EOI and Form G Under Insolvency Process

🔵 WATCH ⭐ 8/10

LEGAL 📅 24 Jan 2026, 06:02 PM

Impex Ferro Tech Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), held its 23rd Committee of Creditors (CoC) meeting on January 22, 2026. The CoC has decided to finalize a fresh Expression of Interest (EOI) and Form G to invite new resolution plans, suggesting previous attempts may not have reached a conclusion. The meeting also addressed the invocation of a bank guarantee from a resolution applicant and the approval of CIRP costs for November and December 2025. Furthermore, the NCLT Kolkata has granted an extension to the CIRP period, prolonging the uncertainty for stakeholders.

Finalization of fresh Expression of Interest (EOI) and Form G to invite new resolution plans.
Discussion on the invocation of a Bank Guarantee provided by a Resolution Applicant.
Approval of CIRP costs for the periods ending November 2025 and December 2025.
Extension of the CIRP time frame officially granted by the Hon’ble NCLT, Kolkata.
The 23rd CoC meeting was held on January 22, 2026, and minutes were circulated on January 24, 2026.

💡 Investors should exercise extreme caution as the company remains in insolvency and the issuance of a fresh EOI indicates a reset in the resolution process. In most IBC cases, existing equity is significantly diluted or delisted, making this a high-risk situation.

Impex Ferro Tech 23rd CoC Meeting: Fresh EOI and CIRP Extension Approved

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 24 Jan 2026, 05:46 PM

Impex Ferro Tech Limited, currently under the Corporate Insolvency Resolution Process (CIRP), held its 23rd Committee of Creditors (CoC) meeting on January 22, 2026. The CoC discussed the invocation of a bank guarantee from a previous resolution applicant and decided to issue a fresh Expression of Interest (EOI) and Form G to attract new bidders. Additionally, the Hon’ble NCLT Kolkata has granted an extension to the CIRP timeline, and the CoC approved insolvency costs for November and December 2025. This indicates a restart or delay in the resolution process as previous attempts may have stalled.

23rd CoC meeting concluded on January 22, 2026, with minutes circulated on January 24, 2026.
Decision to issue a fresh Expression of Interest (EOI) and Form G to find new Resolution Applicants.
Invocation of Bank Guarantee provided by a previous Resolution Applicant was discussed.
Hon’ble NCLT, Kolkata, has granted an extension to the CIRP period.
Approval of CIRP costs for the months of November 2025 and December 2025.

💡 Investors should remain extremely cautious as the company is in insolvency and the resolution process is being extended with fresh bids. Equity value in such cases is often significantly diluted or wiped out.

Impex Ferro Tech Schedules 23rd Committee of Creditors Meeting for January 22

🔴 NEGATIVE ⭐ 8/10

LEGAL 📅 21 Jan 2026, 12:35 PM

Impex Ferro Tech Limited has announced the 23rd meeting of its Committee of Creditors (CoC) scheduled for January 22, 2026. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the supervision of a Resolution Professional. This meeting will be held in a hybrid mode to discuss matters related to the ongoing insolvency proceedings. The high frequency of meetings (23rd session) indicates a prolonged resolution process which remains a significant concern for stakeholders.

23rd meeting of the Committee of Creditors (CoC) scheduled for January 22, 2026
Company is currently undergoing Corporate Insolvency Resolution Process (CIRP)
Meeting to be held in hybrid mode (physical and virtual) at 15:30 Hrs IST
Disclosure made pursuant to Regulation 30(2) of SEBI (LODR) Regulations, 2015
Resolution Professional Ashok Kumar Sarawagi is managing the process

💡 Investors should exercise extreme caution as equity shareholders typically face significant value erosion or total loss during insolvency resolutions. Monitor for any announcements regarding the approval of a resolution plan or potential liquidation.

Impex Ferro 22nd CoC Meeting Rescheduled to Dec 9, 2025

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 08 Dec 2025, 03:40 PM

Impex Ferro Tech Limited announced the rescheduling of the 22nd Committee of Creditors (CoC) meeting. The meeting, initially planned earlier, will now be held on December 9, 2025, at 13:00 Hrs IST. The meeting will take place at A.K. Sarawagi & Co., Poddar Court, 18, Rabindra Sarani, Gate-3, 5th floor Room No.4, Kolkata-700001, and will be conducted in hybrid mode (both physical and virtual). This meeting is part of the Corporate Insolvency Resolution Process (CIRP) that Impex Ferro Tech Limited is currently undergoing.

22nd CoC Meeting rescheduled
Meeting to be held on December 9, 2025 at 13:00 Hrs IST
Meeting to be held at A.K. Sarawagi & Co., Kolkata-700001
IBBI Registration No.: (IBBI/IPA-001/IP-P00171/2017-18/10340)

💡 Investors should monitor updates from the CoC meeting for insights into the CIRP's progress. No immediate action is required, but stay informed about developments.

Impex Ferro Tech Reschedules 22nd CoC Meeting Under Insolvency Process

🔵 WATCH ⭐ 7/10

LEGAL 📅 08 Dec 2025, 12:10 PM

Impex Ferro Tech Limited, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has announced the rescheduling of its 22nd Committee of Creditors (CoC) meeting. The meeting is now scheduled for December 9, 2025, at 1:00 PM IST in Kolkata and will be held in a hybrid format. This procedural update follows the company's ongoing efforts to resolve its debt under the supervision of Resolution Professional Ashok Kumar Sarawagi. Shareholders should remain aware that the company's operations and equity value are subject to the outcome of these insolvency proceedings.

22nd meeting of the Committee of Creditors (CoC) rescheduled to December 9, 2025.
The company is currently undergoing Corporate Insolvency Resolution Process (CIRP).
Meeting to be conducted in hybrid mode (physical and virtual) at 13:00 Hrs IST.
Ashok Kumar Sarawagi is the appointed Resolution Professional (IBBI/IPA-001/IP-P00171/2017-18/10340).

💡 Investors should exercise extreme caution as insolvency proceedings often lead to significant equity write-downs or delisting. Monitor the outcomes of CoC meetings for any proposed resolution plans or liquidation orders.

Impex Ferro: 22nd CoC Meeting on Dec 5, 2025 during CIRP

🟡 NEUTRAL ⭐ 5/10

REGULATORY 📅 03 Dec 2025, 04:01 PM

Impex Ferro Tech Limited is undergoing Corporate Insolvency Resolution Process (CIRP). The company has announced the 22nd meeting of the Committee of Creditors (CoC) scheduled for December 5th, 2025. The meeting will be held in hybrid mode at A.K. Sarawagi & Co., Kolkata and virtually. This meeting is a part of the ongoing CIRP.

22nd Meeting of Committee of Creditors (CoC) to be held
Meeting scheduled on December 5th, 2025 at 12:00 Hrs IST
Meeting to be held at A.K. Sarawagi & Co., Kolkata-700001
Ashok Kumar Sarawagi is the Resolution Professional with IBBI Registration No.: IBBI/IPA-001/IP-P00171/2017-18/10340

💡 Shareholders should monitor updates from the Resolution Professional and the outcome of the CoC meeting. Be aware of the risks associated with investing in a company undergoing CIRP.

View All IMPEXFERRO Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations for the quarter ended September 30, 2025, was INR 0, representing a 100% decline compared to INR 8 lakhs in the same quarter of the previous year. The company has effectively ceased active manufacturing operations during the CIRP period.

Geographic Revenue Split

Not disclosed in available documents, though the company is headquartered in Kolkata, West Bengal, and its primary assets are located in India.

Profitability Margins

Profitability is severely negative; the company reported a net loss of INR 181.41 lakhs for Q2 FY26 and INR 368.05 lakhs for H1 FY26. Net worth is fully eroded at negative INR 31,888.87 lakhs (approx. -INR 318.89 Cr) as of September 30, 2025.

EBITDA Margin

EBITDA is negative as the company incurred an operating loss before working capital changes of INR 35.11 lakhs for H1 FY26, compared to a profit of INR 5.08 lakhs in H1 FY25, a decline of nearly 791%.

Capital Expenditure

Historical Property, Plant & Equipment (PPE) stood at INR 15,556.53 lakhs as of September 30, 2025, down from INR 15,890.57 lakhs in March 2025 due to depreciation of INR 334.04 lakhs; no new planned CAPEX is disclosed due to insolvency.

Credit Rating & Borrowing

ICRA downgraded the company's ratings to [ICRA]D (Default) from [ICRA]C/A4 across all instruments, including INR 123.24 Cr working capital term loans and INR 98.44 Cr fund-based limits, due to ongoing defaults and insolvency proceedings.

⚙️ Operational Drivers

Raw Materials

Ferro alloy production typically requires manganese ore, chrome ore, and coke; however, raw material consumption was INR 0 in H1 FY26 as production has halted.

Capacity Expansion

Current PPE is valued at INR 155.57 Cr. No expansion is planned as the company is under CIRP and the Board is suspended.

Raw Material Costs

Raw material costs were INR 0 for H1 FY26, reflecting a 100% reduction in procurement activity due to the cessation of manufacturing operations.

Manufacturing Efficiency

Capacity utilization is effectively 0% as evidenced by zero revenue from operations and zero raw material consumption in the current financial period.

Logistics & Distribution

Distribution costs are negligible due to the lack of active production; other expenses for H1 FY26 were INR 35.18 lakhs.

📈 Strategic Growth

Expected Growth Rate

Growth Strategy

The company has no independent growth strategy; its future depends entirely on the formulation and NCLT approval of a Resolution Plan under the Insolvency and Bankruptcy Code (IBC). The 22nd Committee of Creditors (CoC) meeting was held in December 2025 to discuss the process.

Products & Services

Ferro alloys and related manufactured goods.

Brand Portfolio

IMPEX FERRO TECH.

New Products/Services

No new products are planned; the focus is on identifying and selling surplus inventory to manage insolvency costs.

Market Expansion

None; the company is currently focused on debt resolution and asset preservation.

Market Share & Ranking

Not disclosed; currently negligible due to halted operations.

Strategic Alliances

None currently; the company is under the control of a Resolution Professional (RP).

🌍 External Factors

Industry Trends

The ferro alloy industry is cyclical and energy-intensive; however, the company's position is currently defined by its default status and the legal framework of the IBC rather than market trends.

Competitive Landscape

Competitors include other Indian ferro alloy producers, but IMPEXFERRO is currently non-competitive due to its CIRP status.

Competitive Moat

The company has no current competitive moat as its net worth is fully eroded and it is in default with all major creditors.

Macro Economic Sensitivity

Highly sensitive to the steel and ferro alloy industry cycles, though currently overshadowed by the legal insolvency process.

Consumer Behavior

Not applicable as the company is a B2B industrial supplier with halted production.

⚖️ Regulatory & Governance

Industry Regulations

The company is governed by the Insolvency and Bankruptcy Code, 2016. It is currently non-compliant with SEBI LODR regulations, including the lack of a Company Secretary and Chief Financial Officer.

Taxation Policy Impact

The company has a Current Tax Asset of INR 306.20 lakhs. No tax expense was recorded for H1 FY26 due to heavy losses.

Legal Contingencies

The company is undergoing CIRP at the NCLT Kolkata Bench (Order dated May 2, 2024). Claims submitted by financial and operational creditors exceed the amounts recorded in the books of accounts.

⚠️ Risk Analysis

Key Uncertainties

There is material uncertainty regarding the company's ability to continue as a going concern, which is 100% dependent on the approval of a resolution plan by the NCLT.