Impex Ferro Tech Limited — Board Meeting, 28-10-2024: Outcome of Board Meeting

Impex Ferro Tech Limited reported audited financial results showing a net loss of ₹2,982.85 lakhs for the year ended March 31, 2024, with significant modifications due to unrecognized interest expenses of ₹10,658.95 lakhs. The company's financial condition is precarious, with liabilities exceeding total assets and ongoing corporate insolvency resolution. The auditor expressed a qualified opinion citing non-compliance in accounting standards and uncertainties regarding recoverability of receivables. Operations have been suspended since October 2022 due to power supply issues.