Indian metals & ferro alloys Limited has successfully completed postal ballot proceedings for a key board appointment, demonstrating continued focus on corporate governance strengthening. The company concluded the voting process on March 12, 2026, with shareholders approving the appointment of Ms Kiran Dhingra as Non-Executive Independent Director.

Postal Ballot Process and Timeline

The postal ballot process was conducted entirely through remote e-voting, following regulatory guidelines and MCA circulars. The company dispatched the postal ballot notice on February 10, 2026, with newspaper advertisements published on February 11, 2026.

Director Appointment Details

Ms Kiran Dhingra, holding Director Identification Number 00425602, was initially appointed as Additional Director in Non-Executive Independent capacity effective February 4, 2026. The postal ballot formalized her appointment as Independent Director for a five-year term.

Regulatory Compliance and Age Consideration

The appointment adheres to provisions under the Companies Act, 2013, including Sections 149, 150, and 152, along with Schedule IV requirements. Ms Dhingra has submitted the required declaration confirming her independence criteria under Section 149(6) of the Companies Act and Regulation 16(1)(b) of SEBI Listing Regulations.

Notably, the resolution specifically addresses age-related compliance under SEBI regulations. Ms Dhingra will attain 75 years of age on January 12, 2028, during her directorship tenure. However, pursuant to Regulation 17(1A) of SEBI Listing Regulations, she will continue as Independent Director for the full five-year term despite crossing the age threshold.

Corporate Governance Framework

The postal ballot was conducted in compliance with multiple regulatory frameworks, including the Companies Act 2013, Companies (Management and Administration) Rules 2014, and SEBI Listing Regulations. The process also followed Secretarial Standards on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.

Company Secretary and Compliance Officer Smruti Ranjan Ray (Membership No. F 4001) oversaw the regulatory compliance aspects of the appointment process. The scrutinizer's report dated March 12, 2026, confirmed that the special resolution was passed with the requisite majority, completing the formal appointment procedure.

Indian Metals & Ferro Alloys Limited has successfully recommenced operations at its newly acquired Ferro Chrome Plant in Kalinganagar, Odisha, marking a significant operational milestone for the company. The restart represents a key development in the company's manufacturing capabilities and expansion strategy.

Operational Restart Details

The company announced that it switched on two furnaces at the Kalinganagar facility on March 11, 2026. This operational restart follows the company's earlier disclosure made to stock exchanges on February 27, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Future Operations Plan

The company has indicated that the remaining two furnaces at the facility are planned to be switched on shortly. Indian Metals & Ferro Alloys Limited has committed to communicating updates regarding the activation of these additional furnaces as they become operational.

Regulatory Compliance

This disclosure was made in continuation of the company's earlier communication to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Smruti Ranjan Ray, Company Secretary & Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

The recommencement of operations at this newly acquired facility represents an important step in the company's operational expansion and manufacturing capacity enhancement in the ferro chrome segment.