Indian Metals and Ferro Alloys Limited has fixed Friday, 31 July, 2026 as the record date to determine the eligibility of shareholders for the payment of the Final Dividend for the financial year ended 31 March, 2026. The dividend declaration is subject to approval by the shareholders at the upcoming Annual General Meeting. The record date will also be used to determine entitlement for the purpose of the Annual General Meeting.

The Board of Directors approved the notice convening the 64th Annual General Meeting (AGM) during its meeting held on 27 May, 2026. The AGM is scheduled to be held on 04 August, 2026 through video conferencing (VC) or other audio visual means (OAVM). The meeting commenced at 11:26 A.M. and concluded at 01:30 P.M.

Consequently, the Register of Members and the Share Transfer books of the company will remain closed from 01 August, 2026 to 04 August, 2026, both days inclusive. This closure is for the purpose of annual closing and determining the entitlement of members to the Final Dividend for FY26.

Key Meeting Details

The intimation regarding the outcome of the Board meeting was submitted to the exchanges on 27 May, 2026. Smruti Ranjan Ray, Company Secretary & Compliance Officer, signed the filing on behalf of Indian Metals and Ferro Alloys Limited.

Indian Metals & Ferro Alloys has entered into a Power Purchase Agreement with EG Urja Strot Private Limited for the supply of 65 MW hybrid renewable power. The agreement, signed on 25 May 2026, spans a duration of 29 years and operates under a Captive Consumer structure as defined in the Electricity Act, 2003 and Electricity Rules, 2005. This strategic move secures a long-term renewable energy supply comprising 81.4 MW solar capacity, 102.6 MW wind capacity, and 25 MWh Battery Energy Storage System (BESS).

Key Transaction Details

The following table outlines the key parameters of the agreement and the associated equity investment:

Strategic Equity Investment

As part of the arrangement, Indian Metals & Ferro Alloys will subscribe to 26% of the equity capital in EG Urja Strot Private Limited. The acquisition involves a cash consideration of ₹110.18 crore, payable in one or more tranches. This equity participation aligns the company's energy procurement strategy with a direct ownership interest in the renewable energy supplier. The target entity, incorporated on 6 March 2025, operates in the renewable energy sector, and the transaction does not fall within related party transactions.