Indian Metals & Ferro Alloys Limited has successfully completed the full operational restart of its newly acquired Ferro Chrome Plant in Kalinganagar, Odisha, marking a significant milestone in the company's manufacturing expansion. The company has now activated all four furnaces at the facility, completing the phased restart process.

Complete Operational Restart Achieved

Following the initial activation of two furnaces on March 11, 2026, the company has now switched on the remaining two furnaces at the Kalinganagar facility on March 16, 2026. This development completes the full operational restart of the newly acquired ferro chrome manufacturing plant.

Phased Restart Strategy

The company implemented a strategic phased approach to restart operations at the facility. The initial two furnaces were activated on March 11, 2026, followed by the remaining two furnaces on March 16, 2026. This systematic approach ensures stable operations and optimal performance of the manufacturing facility.

Regulatory Compliance and Communication

Both operational updates were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The latest disclosure was signed by Smriti Ranjan Ray, Company Secretary & Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

The complete restart of this newly acquired facility represents a major achievement in Indian Metals and Ferro Alloys Limited's operational expansion and manufacturing capacity enhancement in the ferro chrome segment.

Indian metals & ferro alloys Limited has successfully completed postal ballot proceedings for the appointment of Ms Kiran Dhingra as Non-Executive Independent Director, achieving overwhelming shareholder approval with 99.99% votes in favour. The company announced the voting results through regulatory filings, demonstrating strong corporate governance practices and shareholder confidence.

Voting Results and Participation

The postal ballot process concluded on March 12, 2026, with comprehensive participation across all shareholder categories. The voting was conducted entirely through NSDL's remote e-voting platform, ensuring transparent and efficient shareholder participation.

Director Appointment Details

Ms Kiran Dhingra, holding Director Identification Number 00425602, was appointed as Non-Executive Independent Director for a five-year term effective February 4, 2026. The appointment addresses regulatory compliance requirements while strengthening the company's board composition.

Regulatory Framework and Compliance

The postal ballot process adhered to comprehensive regulatory requirements under the Companies Act 2013, SEBI Listing Regulations, and multiple MCA circulars. CA Sourjya Prakash Mohapatra from R K P Associates served as the scrutinizer, ensuring transparent vote counting and validation.

Age-Related Regulatory Compliance

The appointment specifically addresses SEBI Regulation 17(1A) requirements regarding director age limits. Ms Dhingra will continue serving as Independent Director for the full five-year term despite crossing 75 years of age on January 12, 2028, in compliance with applicable regulatory provisions.

Company Secretary Smruti Ranjan Ray (Membership No. F4001) coordinated the regulatory compliance aspects, ensuring adherence to all statutory requirements including the Companies Act 2013, SEBI Listing Regulations, and Secretarial Standards on General Meetings.