IMFA Shareholders Approve Partha Satpathy as Independent Director

Key Resolution and Outcome

A Special Resolution was proposed for the appointment of Mr. Partha Satpathy (DIN: 11589079) as a Non-Executive Independent Director of the Company, not liable to retire by rotation, for a period of three years with effect from 08th September 2026.

The resolution was approved by the members of the Company with the requisite majority.

Detailed Voting Results

Record Date: 09th October 2026

Total Shareholders on Record Date: 54,538

Total Outstanding Shares: 53,954,106

Overall Voting Results:

• Total Votes Polled: 37,720,033 shares (69.9113% of outstanding shares)
• Votes in Favor: 37,719,694 shares (99.9991% of votes polled)
• Votes Against: 339 shares (0.0009% of votes polled)
• Resolution Status: Passed

Category-wise Breakdown:

Promoter and Promoter Group:

• Shares Held: 31,663,712
• Votes Polled: 29,724,376 shares (93.8752% of category holdings)
• Votes in Favor: 29,724,376 shares (100.0000% of votes polled in this category)
• Votes Against: 0 shares

Public - Institutions:

• Shares Held: 1,984,387
• Votes Polled: 751,591 shares (37.8752% of category holdings)
• Votes in Favor: 751,591 shares (100.0000% of votes polled in this category)
• Votes Against: 0 shares

Public - Non Institutions:

• Shares Held: 20,306,007
• Votes Polled: 7,244,066 shares (35.6745% of category holdings)
• Votes in Favor: 7,243,727 shares (99.9953% of votes polled in this category)
• Votes Against: 339 shares (0.0047% of votes polled in this category)

Invalid Votes: Zero invalid votes were reported across all shareholder categories.

Postal Ballot Process Details

Scrutinizer: Mr. Sourjya Prakash Mohapatra (CA, Membership No. 052805) of R K P Associates. He was appointed by the Board of Directors in a meeting dated 06th October 2026.

Voting Period: The remote e-voting commenced on Wednesday, 14th October 2026 at 9:00 A.M. IST and ended on Thursday, 12th November 2026 at 5:00 P.M. IST.

Voting Platform: National Securities Depository Limited (NSDL) provided the e-voting facility via https://www.evoting.nsdl.com.

Notice Dispatch: The Postal Ballot Notice dated 06th October 2026 was dispatched only through electronic mode on 13th October 2026 to members whose email addresses were registered. A public notice was also published in Business Standard (All edition) and Pragativadi (Odisha) on 14th October 2026.

Result Declaration: The results were unblocked by the Scrutinizer at 5:05 PM on 12th November 2026 in the presence of two witnesses, Ms. Rameswari Khatua and Mr. Prasanjit Sahoo, both residents of Bhubaneswar, Odisha.

Financial and Operational Impact

The disclosure is a governance update with no direct financial or operational impact quantified. The appointment changes the composition of the Company's Board of Directors.

Signatories and Attestation

The letter to the exchanges was signed by Smruti Ranjan Ray, Company Secretary & Compliance Officer (Membership No. F4001). The Scrutinizer's Report was signed by Sourjya Prakash Mohapatra, Chartered Accountant (Membership No. 052805), with a UDIN: 26052805ZHMIXZ9871.