Indian Metals & Ferro Alloys Limited appointed Mr Partha Satpathy as an additional non-executive independent director on its board. The appointment becomes effective from September 8, 2026, following the receipt of security clearance from the Office of the Director General of Civil Aviation.

The clearance letter, dated September 2, 2026, was received by the company on September 8, 2026. This follows a previous communication dated May 27, 2026. Mr Satpathy’s tenure is fixed for a period of three years, subject to the approval of shareholders at the ensuing general meeting.

Director Profile

Mr Satpathy brings over 35 years of experience in diplomacy and international relations to the board. He served as a career diplomat in the Indian Foreign Service from 1990 to 2025. His recent roles include Ambassador of India to Hungary and Bosnia & Herzegovina (2022–2025) and Ambassador of India to Ukraine (2018–2022).

He holds a Master of Business Administration from IIM Ahmedabad and a Master’s in International Human Rights and Law from the University of Essex, UK. He also completed a Financial Times Non-Executive Director Diploma in the UK in 2024.

Core Expertise

The company highlighted several core strengths of the new director:

• Complex multilateral negotiations and high-level stakeholder engagement
• Leadership in cross-sectoral and inter-governmental collaboration
• Strategic guidance on risk management and mitigation
• Integrating responsible business and sustainability into corporate strategies

Board Experience

Mr Satpathy has participated in the executive boards of international and specialized UN organizations, including the WHO, ILO, HRC, WMO, ITU, and WIPO. He has shepherded various UN conventions covering corruption, trafficking, small arms, human rights, biodiversity, climate change, and global health.

Regulatory Compliance

The disclosure was made pursuant to Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company affirmed that Mr Satpathy is not debarred from holding the office of director by virtue of any SEBI order or other authority, in line with BSE circular No. LIST/COMP/14/2018-19.

Indian Metals & Ferro Alloys commenced the first tapping of hot metal from the first furnace at its greenfield ferro chrome expansion project in Kalinganagar on August 25, 2026.

The company, known as IMFA, confirmed that production volumes will be gradually increased in due course following this initial operational milestone.

Project Update

The facility, designated as KNR-1, marks a significant step in the company's expansion strategy in Odisha. This update follows an earlier disclosure made by the company on July 24, 2026.

Operational Outlook

With the commencement of production, the focus now shifts to ramping up output. The gradual increase in volume suggests a phased approach to stabilizing operations before reaching full capacity.