Indian Metals & Ferro Alloys Limited has issued a project status update under Regulation 30, providing stakeholders with comprehensive details on three key ongoing initiatives as of April 15, 2026. The update covers the company's Greenfield Ferro Chrome Project, Strategic Acquisition, and Ethanol Project, each at different stages of completion.

Greenfield Ferro Chrome Project Shows Strong Progress

The company's flagship Greenfield Ferro Chrome Project at Kalinganagar is approaching completion with significant milestones ahead. The project specifications and timeline are outlined below:

The project is progressing according to schedule, with pre-commissioning activities for both furnaces planned in a phased manner over the coming months.

Strategic Acquisition Reaches Full Operational Status

The Strategic Acquisition at Kalinganagar has achieved complete operational status. The company confirmed that the acquisition process has been finalized and all four furnaces are currently operational. This development represents the successful completion of a key strategic initiative that expands the company's production capabilities.

Ethanol Project Faces Commissioning Delays

The Ethanol Project at Therubali has encountered timeline adjustments due to external factors. The project status reflects the following developments:

Despite the delay, the company has assured stakeholders that the revised timeline will not result in any material impact on its financial performance.

Regulatory Compliance and Communication

The project update was communicated to both the National Stock Exchange of India Limited and BSE Limited as part of the company's regulatory obligations under Regulation 30. The communication was signed by Company Secretary & Compliance Officer Smruti Ranjan Ray and Chief Financial Officer Saunak Gupta, ensuring proper corporate governance protocols were followed.

The comprehensive update demonstrates the company's commitment to transparency and provides investors with clear visibility into the progress and expected timelines for each major project initiative.

Indian Metals & Ferro Alloys Limited has formally communicated to stock exchanges regarding its classification under SEBI's debt securities regulations. The company submitted a compliance letter on 14th April, 2026, clarifying its status under the regulatory framework for fund raising through debt securities.

Regulatory Compliance Communication

The company addressed both major Indian stock exchanges through a formal submission:

SEBI Circular Compliance

The submission references two key SEBI circulars governing debt securities issuance by large entities:

• SEBI Circular No.SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018
• Circular No.SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19th October 2023

The company explicitly stated that it does not fall under the Large Corporate category as defined in these regulatory circulars.

Corporate Information

The communication was signed by Smruti Ranjan Ray, Company Secretary & Compliance Officer (Membership No.F 4001). The company operates from IMFA Building, Bhubaneswar - 751010, Odisha, India, with Corporate Identity No. L27101OR1961PLC000428.

This regulatory submission ensures compliance with SEBI's requirements for companies to clarify their status under the debt securities framework, providing transparency to market participants and regulatory authorities.