Impex Ferro Tech Limited — Important, 28-10-2024: Financial Result Updates

Impex Ferro Tech Limited reported an audited financial loss of ₹2,982.85 lakhs for the year ending March 31, 2024. The company is under Corporate Insolvency Resolution Process (CIRP), with significant liabilities impacting its financials. The statutory auditor issued a qualified opinion due to non-provisioning of interest expenses totaling ₹10,658.95 lakhs. The manufacturing operations remain suspended since October 2022 due to power supply disconnection, necessitating ongoing claims reconciliation.