Indian Metals & Ferro Alloys Limited — Important, 25-12-2024: Updates

M/s Utkal Coal Limited, a wholly owned subsidiary of Indian Metals & Ferro Alloys Ltd, has received balance compensation of ₹8.63 Cr from the Nominated Authority, Ministry of Coal. This payment pertains to the cost of mine infrastructure for the Utkal "C" Coal Mines and was received on December 24, 2024. This compensation could positively influence the subsidiary’s financial position and operational capabilities moving forward. Investors should consider this development an opportunity, reflecting the management's effectiveness in securing funds critical for infrastructure investments.