IMP Powers Limited (INDLMETER)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, IMP Powers' revenue was ₹38.8 Cr, and net profit ₹-0.8 Cr (a smaller loss than a year earlier); the operating margin was -2.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹38.8 | — | +34.6% |
| Operating profit | ₹-1.1 | loss widened | to loss |
| Net profit | ₹-0.8 | loss narrowed | to loss |
| EPS (₹) | -0.90 | loss narrowed | to loss |
| Operating margin | -2.8% | — | — |
📢 Recent Corporate Announcements
IMP Powers Limited has scheduled its 64th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 12:30 PM via VC/OAVM. The Board has established Wednesday, September 23, 2026, as the record date to determine shareholder eligibility for voting. Eligible members holding equity shares in physical or demat format on this record date can participate via remote e-voting or during the AGM.
- Record date fixed as Wednesday, September 23, 2026
- 64th Annual General Meeting to be held on Wednesday, September 30, 2026
- AGM scheduled at 12:30 PM via VC/OAVM
IMP Powers Limited has convened its 64th Annual General Meeting for September 30, 2026, via Video Conferencing. Key special resolutions include the re-appointment of Mr. Naveen Kumar Singh as Whole-time Director for a one-year tenure with an annual remuneration of ₹1.68 crore, effective August 8, 2026. The meeting will also consider shareholder approvals for material related-party transactions for FY 2027-28 with GSEC Limited (goods purchase) and Electrify Energy Private Limited (borrowings/ICDs). The company reported a net loss of ₹0.78 crore on revenue of ₹38.78 crore in the June 2026 quarter.
- 64th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 12:30 p.m. IST
- Approval sought for re-appointment of Whole-time Director Naveen Kumar Singh at ₹1.68 Crores p.a. remuneration
- Director tenure proposed for 1 year from August 8, 2026, to August 7, 2027
- Ordinary business includes adoption of audited financial statements for the year ended March 31, 2026
- Approvals proposed for material related-party transactions for FY 2027-28 with GSEC Limited and Electrify Energy Private Limited
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.
- 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.
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.
- 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.
IMP Powers Limited has declared non-applicability of quarterly Corporate Governance reporting for the period ended June 30, 2026. This exemption is permitted under SEBI LODR Regulation 15(2)(a) for companies with paid-up capital below ₹10 crore and net worth below ₹25 crore. The filing reveals a severely distressed balance sheet with a negative net worth of ₹(269.86) crore as of March 31, 2026. This negative net worth position has remained stagnant over the last three financial years, indicating deep-seated financial issues.
- Net worth remains deeply negative at ₹(269.86) crore as of March 31, 2026.
- Paid-up equity share capital is stagnant at ₹8.63 crore for the last three financial years.
- Company is exempt from complying with SEBI Corporate Governance regulations 17 to 27.
- Net worth has been consistently negative: ₹(267.85) cr in 2024, ₹(269.97) cr in 2025, and ₹(269.86) cr in 2026.
- Surplus in P&L account for FY26 is a marginal ₹0.11 crore compared to the massive accumulated deficit.
IMP Powers Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the declaration of the unaudited financial results. Additionally, the company noted that PANs of designated persons will be frozen by the depository during this period.
- Trading window closure effective from July 1, 2026, for the quarter ending June 30, 2026.
- Restriction applies to all designated persons, their dependents, and connected persons.
- Window to reopen 48 hours after the conclusion of the Board Meeting for financial results.
- PAN of designated persons will be frozen by CDSL starting July 1, 2026, per SEBI mandates.
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.
- 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.
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.
- 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.
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.
- 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.
IMP Powers Limited has filed a regulatory disclosure stating it does not meet the SEBI criteria to be classified as a 'Large Corporate' for the financial year 2026-27. As of March 31, 2026, the company reported total outstanding borrowings of ₹84.16 crore. This classification means the company is not mandated by SEBI to raise a specific portion of its incremental borrowings through the issuance of debt securities. The filing also noted that the company had no credit rating during the previous financial year.
- Company does not fall under the Large Corporate (LC) framework for FY 2026-27.
- Total outstanding borrowings as of March 31, 2026, are reported at ₹84.16 crore.
- Highest credit rating during the previous financial year was NIL.
- The disclosure is a routine compliance requirement under SEBI circular SEBI/HO/DDHS-RACP0D1/P/CIR/2023/172.
IMP Powers Limited has submitted its Structured Digital Database (SDD) compliance certificate for the financial year ended March 31, 2026. The certificate confirms that the company is in full compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. During the fiscal year, the company successfully captured all 9 required Unpublished Price Sensitive Information (UPSI) events in its database. This filing reflects the company's adherence to corporate governance standards and internal control mechanisms regarding sensitive data.
- Achieved 100% compliance with SEBI (PIT) Regulations for the financial year 2025-26.
- Successfully captured 9 out of 9 required UPSI events in the Structured Digital Database.
- Confirmed maintenance of a non-tamperable database with an audit trail for 8 years.
- Zero non-compliances or remedial actions reported by the Practicing Company Secretary.
IMP Powers Limited has filed for non-applicability of SEBI's Corporate Governance reporting requirements for the quarter and financial year ended March 31, 2026. The company qualifies for this exemption under Regulation 15(2)(a) of SEBI LODR as its paid-up capital is ₹8.63 crore, below the ₹10 crore threshold. However, the filing highlights a severely distressed financial state with a negative net worth of ₹269.97 crore as of March 31, 2025. This exemption means the company will not be required to submit regular quarterly reports on board composition and committee meetings.
- Paid-up equity share capital has remained stagnant at ₹8.63 crore for the last three financial years.
- Net worth is deeply negative and has worsened from -₹247.68 crore in 2023 to -₹269.97 crore in 2025.
- Exemption applies to SEBI LODR Regulations 17 to 27 and specific clauses of Regulation 46.
- The company must comply with these regulations within six months if it ever crosses the financial thresholds in the future.
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.
- 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.
IMP Powers Limited has notified the exchanges regarding the closure of its trading window for all designated persons starting April 1, 2026. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the financial year ending March 31, 2026. The window will remain closed until 48 hours after the board meeting for the approval of audited financial results. The company also confirmed that the PAN of designated persons will be frozen by CDSL during this period to prevent unauthorized trading.
- Trading window closure effective from April 1, 2026
- Closure pertains to the Audited Financial Results for the year ending March 31, 2026
- Restriction ends 48 hours after the declaration of financial results
- PAN of designated persons will be frozen by CDSL per SEBI circulars
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.
- 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.
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