Indian Metals & Ferro Alloys Limited — Important, 29-01-2025: General Updates

The Board Meeting outcomes revealed that Indian Metals & Ferro Alloys Limited has approved its unaudited financial results for the quarter and nine months ended 31 December 2024. Key figures indicate a revenue from operations of ₹1,997.42 crore, while the net profit stands at ₹336.38 crore for the same period. The company declared a second interim dividend of ₹5 per equity share, with the record date set for 5 February 2025.

Leadership changes include the retirement of Mr. Chitta Ranjan Ray as Whole-time Director and Mr. Prem Khandelwal as Chief Financial Officer; both decisions are effective at the end of January and March 2025 respectively. Mr. Saunak Gupta will take over as CFO, effective 8 March 2025, bringing over 26 years of experience in finance and strategic initiatives. Mr. Smruti Ranjan Ray has been appointed as the new Company Secretary, effective the same date. All changes reflect strategic restructuring within the management team. The confirmed appointments are expected to enhance the company’s operational effectiveness as it continues to focus on its primary business segments and growth prospects.