Financial Performance Highlights
IMFA reported strong financial results for FY26 with standalone revenue from operations reaching ₹2,826.31 crore (up from ₹2,564.57 crore in FY25) and net profit of ₹424.36 crore (12% increase from ₹378.09 crore). Basic EPS stood at ₹78.65 compared to ₹70.08 in the previous year. The board recommended a final dividend of ₹7.50 per share, following an interim dividend of ₹5 per share paid in November 2025, bringing total dividend to ₹12.50 per share for FY26.
AGM Details and Resolutions
The 64th Annual General Meeting will be held virtually on August 4, 2026, at 3:00 PM IST. Key agenda items include adoption of audited financial statements, declaration of final dividend, reappointment of director Bijayananda Mohapatra, ratification of cost auditor remuneration, and approval of enhanced remuneration for related party Shaifalika Panda. Shareholders can participate via e-voting through NSDL platform from July 31 to August 3, 2026.
Significant Corporate Developments
IMFA completed the acquisition of Tata Steel's ferro chrome plant for a base consideration of ₹610 crore plus net working capital of ₹25.03 crore, significantly expanding production capacity. The company maintained robust corporate governance with multiple committee meetings (Audit, Nomination & Remuneration, Stakeholders Relationship) and reported zero pending shareholder complaints. Capital work-in-progress stood at ₹791.74 crore indicating ongoing expansion projects.
Governance and Compliance
The company confirmed full compliance with SEBI regulations and Companies Act requirements. All directors affirmed adherence to the Code of Conduct, and the whistleblower policy remained operational with no access denials to the Audit Committee. Credit rating agency ICRA reaffirmed the company's ratings at [ICRA]AA (Stable) for long term and [ICRA]A1+ for short term.
Segment Performance and Operations
The Group operates through three reportable segments: Ferro Alloys (₹2,562.61 crore revenue, ₹519.35 crore segment result), Power (₹550.81 crore revenue, ₹34.89 crore segment result), and Mining (₹445.18 crore revenue, ₹107.68 crore segment result). Geographical revenue analysis showed ₹397.78 crore from India and ₹2,396.21 crore from international markets, with significant foreign currency exposure managed through derivatives.
Shareholder Information and Voting
Promoter holding through B. Panda Trust stands at 51.59% (2,78,36,092 shares). The shareholder base comprises 52,983 shareholders with 95.25% holding up to 500 shares. The company has established comprehensive e-voting procedures and provides multiple channels for shareholder communication and participation.