IMP Powers Limited passed all nine resolutions proposed at its 64th Annual General Meeting (AGM) held on September 30, 2026. The agenda included the adoption of financial statements, director re-appointments, and multiple material related party transactions (RPTs).

The meeting was conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM). Remote e-voting was open from September 25 to September 29, 2026. The scrutinizer’s report confirmed that all items were approved by the requisite majority.

Voting pattern and shareholder participation

Voting results indicate a stark divergence between promoter and public shareholder sentiment. The Promoter and Promoter Group voted 100% in favor of every resolution. In contrast, among Public Non-Institutional shareholders, 88.59% of the votes polled were cast against the resolutions, while only 11.41% were in favor.

Despite this high level of dissent from participating public shareholders, all resolutions passed comfortably due to the overwhelming voting weight held by the promoters. The total votes polled across all categories represented 16.85% of the outstanding shares.

Key approvals

The shareholders approved the following key items:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Mr. Shaishav R. Shah as Director retiring by rotation.
• Re-appointment of Mr. Naveen Kumar Singh as Whole-time Director (Executive Professional Director) via Special Resolution.
• Material RPTs for goods and raw materials with GSEC Limited and Diamond Power Infrastructure Limited for FY28.
• Inter Corporate Deposits/Borrowings with Electrify Energy Private Limited for FY28.
• Sale of goods with Smartmeters Technologies Private Limited for FY27 and FY28.
• Shifting of the registered office from Silvassa to Ahmedabad via Special Resolution.

What the numbers show

The data reveals a concentration of control that renders public dissent ineffective on outcomes. While 7,384 shares were voted against by public non-institutions, this constituted just 0.51% of the total votes polled. The promoter group’s 1,447,188 votes in favor ensured passage regardless of public sentiment. Additionally, zero institutional investors participated in the voting process, leaving the outcome entirely dependent on retail and promoter votes.

Scrutinizer’s report details

CS Shilpa Shah, Practicing Company Secretary, served as the scrutinizer. Her report dated October 2, 2026, confirmed no invalid or incomplete votes were found. The electronic register remains in her custody until the Chairman signs the minutes. The company’s website will host the full voting results.

IMP Powers Limited has fixed Wednesday, September 23, 2026, as the record date for its 64th Annual General Meeting. The meeting is scheduled for Wednesday, September 30, 2026, at 12:30 pm via video conferencing.

Shareholders holding equity shares in physical or dematerialized form on the record date are eligible to attend and vote. The company notified the BSE and NSE of this decision pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company reported total income from operations of ₹3,138.20 lakh for FY26, marking a substantial increase from ₹467.24 lakh in FY25. Profit before tax stood at ₹13.62 lakh, reversing a loss of ₹208.40 lakh in the prior year.

What the Numbers Show

The turnaround in profitability coincides with a dramatic surge in operational income. Revenue expanded nearly sevenfold year-on-year, while the bottom line shifted from a loss to a profit. This divergence suggests improved cost management or higher-margin activity during the period, although specific margin figures were not disclosed in the notice.

Related Party Transactions

Shareholders will vote on multiple material related party transactions (RPTs) for FY27-28, approved by the Audit Committee and Board on August 8, 2026:

• GSEC Limited: Approval sought for purchasing goods and raw materials up to ₹100 crore. This represents 319% of the listed entity's annual consolidated turnover for the preceding financial year.
• Electrify Energy Private Limited: Omnibus approval for inter-corporate deposits/borrowings up to ₹100 crore at an interest rate of 9.5% per annum. These funds are designated for working capital and capital expenditure. The transaction is unsecured and repayable over five years.
• Diamond Power Infrastructure Limited: Approval for purchasing goods, raw materials, and parts up to ₹10 crore.
• Smartmeters Technologies Private Limited: Approval for selling goods up to ₹20 crore each for FY26-27 and FY27-28.

Promoter directors Mr. Rakesh Shah and Mr. Shaishav Shah have interests in these entities and will abstain from voting.

Management and Corporate Actions

The AGM agenda includes the re-appointment of Mr. Naveen Kumar Singh as Whole-time Director for one year, effective August 8, 2026, with remuneration set at ₹1.68 crore per annum. Mr. Shaishav R. Shah retires by rotation and offers himself for re-appointment as a Non-Executive Promoter Director.

Additionally, shareholders will consider a special resolution to shift the company's registered office from Silvassa, Dadra & Nagar Haveli, to Ahmedabad, Gujarat. This move aims to facilitate administrative convenience and efficient business conduct.