IMP Powers Limited — Board Meeting, 06-01-2025: Outcome of Board Meeting

The Board of Directors of IMP Powers Ltd. held a meeting where key decisions were made. Notably, the board acknowledged the confirmation of several directors and declared the deemed cessation of the positions of select directors effective January 6, 2025. Additionally, appointments for three new independent directors and a new CEO were approved, pending shareholder ratification. The board also decided to allot 3.23 crore equity shares at par, totaling Rs. 32.30 crore, and extinguish existing share capital while allotting 0.17 crore shares to eligible public shareholders. The company's registered office will be relocated to Ahmedabad, Gujarat.