IMP Powers Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Liquidator of IMP Powers Limited has announced a board meeting that considered and approved the unaudited financial results for the quarter and half-year ended September 30, 2024. Key figures show total income from operations at ₹5.76 crore, with a net loss for the period of ₹3.15 crore. The financial results highlight ongoing challenges, including significant financial stress and the initiation of liquidation proceedings under the Insolvency and Bankruptcy Code. The current net worth of the company remains under strain, compounded by a reported loss in previous fiscal years.