Indian Metals & Ferro Alloys Limited has issued a postal ballot notice dated 4th August, 2026, seeking approval from its members on two significant corporate governance matters: the appointment of Dr Deepak Kumar Mohanty as a Non-Executive Independent Director and an enhancement in the commission payable to Non-Executive Independent Directors. The notice, issued pursuant to Section 110 of the Companies Act, 2013, and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was communicated to all eligible members electronically on 11th August, 2026.

Key Resolutions Under Consideration

The postal ballot encompasses two distinct resolutions that members are being asked to vote on. The first is a Special Resolution for the appointment of Dr Deepak Kumar Mohanty (DIN: 09771960) as a Non-Executive Independent Director for a period of five consecutive years effective from 30th June, 2026. The second is an Ordinary Resolution for the enhancement of commission payable to Non-Executive Independent Directors, effective from financial year 2026-27 onwards. The following table summarises the key parameters of both resolutions:

Profile of Dr Deepak Kumar Mohanty

Dr Deepak Kumar Mohanty is an economist with extensive experience in macroeconomics, monetary policy, financial sector regulation, pension and social security reforms, and financial stability. His career has spanned senior leadership roles at prominent institutions including the Reserve Bank of India (RBI), the International Monetary Fund (IMF), the Pension Fund Regulatory and Development Authority (PFRDA), and the Federation of Indian Chambers of Commerce and Industry (FICCI). Key highlights of his profile are as follows:

• He served as Chairperson of PFRDA during March 2023 to May 2025.
• He was Executive Director of the RBI, overseeing enforcement of banking regulation, risk management, internal audit and inspection, financial stability, monetary policy, economic research, and statistics.
• He served as Senior Adviser at the IMF and as Chief Economic Advisor at FICCI.
• He holds a doctorate and two master's degrees in Economics.
• He has chaired several committees and has multiple publications in professional journals.

The Board of Directors initially appointed Dr Mohanty as an Additional Director on 5th February, 2026, subject to security clearance from the Director General of Civil Aviation, Government of India. The clearance was accorded vide a letter dated 30th June, 2026, making his appointment effective from that date. His last drawn remuneration was ₹40,000/- and he attended 1 (One) Board Meeting. He holds no shares in the Company and has no directorships in other companies.

Enhancement of Commission to Independent Directors

The Board of Directors, in their meeting held on 4th August, 2026, recommended an enhancement in the commission payable to Non-Executive Independent Directors. The previous approval, granted at the 62nd Annual General Meeting held on 31st July, 2024, had set the commission at 0.5% of net profits per annum subject to a maximum of ₹1,00,00,000 (Rupees One Crore only), with no individual Independent Director receiving aggregate remuneration including sitting fees exceeding ₹20,00,000 (Rupees Twenty Lacs only) in any financial year.

The proposed enhancement revises the aggregate cap to ₹1,50,00,000 (Rupees One Crore Fifty Lakh only) per annum, while the per-director ceiling is proposed at ₹25,00,000 (Rupees Twenty-Five Lakh only) per annum, excluding sitting fees for attending Board and Other Committee Meetings. The Board cited the significant expansion of the Company's business operations and the valuable guidance, expertise, time, commitment, and efforts of the Independent Directors as the basis for the enhancement. The Directors concerned or interested in this resolution are Dr Barada Kanta Mishra, Mrs Latha Ravindran, Ms Kiran Dhingra, and Dr Deepak Kumar Mohanty.

E-Voting Process and Timeline

The postal ballot is being conducted entirely through remote e-voting via the National Securities Depository Limited (NSDL) platform. No physical ballot forms will be accepted. The cut-off date for determining eligible members is Friday, 7th August, 2026. Mr Sourjya Prakash Mohapatra, a Practicing Chartered Accountant (Membership No. 052805), has been appointed as Scrutinizer to oversee the process. The key dates for the e-voting exercise are summarised below:

The results of the postal ballot, along with the Scrutinizer's Report, will be posted on the Company's website at www.imfa.in and on the NSDL e-voting website at www.evoting.nsdl.com . The results will also be communicated to BSE Limited and National Stock Exchange of India Limited. The resolutions, if passed with the requisite majority, shall be deemed to have been passed on 10th September, 2026, the last date of the remote e-voting period.

Indian Metals & Ferro Alloys Ltd ( indian metals & ferro alloys ) will host a group meeting with investors and analysts on Wednesday, August 12, 2026. The interaction is scheduled to begin at 10:30 AM IST and will be held in Mumbai. This engagement allows market participants to interact directly with company officials regarding business performance and outlook, adhering to standard disclosure norms.

The meeting is convened pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. Indian Metals & Ferro Alloys Ltd issued the notice on August 7, 2026, informing stakeholders of the schedule. The company emphasized that no unpublished price-sensitive information (UPSI) will be discussed during the interactions.

Meeting Details

S R Ray, Company Secretary & Compliance Officer of Indian Metals & Ferro Alloys Ltd, signed the communication. The notice was dispatched to the National Stock Exchange of India Ltd and BSE Limited for record-keeping purposes.

Regulatory Compliance

The scheduling of such meetings is mandatory under SEBI’s LODR Regulations for listed entities to ensure transparency and equal access to information for all investors. The company noted that changes to the schedule may occur due to exigencies on the part of participants or the company itself. Investors are advised to monitor official communications for any updates regarding the timing or venue of the interaction.