Indian Metals & Ferro Alloys Limited — Important, 18-03-2025: Disclosure of material issue

Indian Metals & Ferro Alloys Limited has signed a Share Subscription and Shareholders Agreement with JSW Neo Energy Limited, JSW Green Energy One Ltd., and JSW Green Energy Seven Ltd. Under this agreement, IMFA will subscribe to 26% equity in the power producers upon the achievement of specified milestones for generating and supplying 70 MW of renewable power. The agreement is set for 25 years from the Commercial Operation Date, granting IMFA special rights such as the right to appoint directors and a first right of refusal for any future share issuance. This strategic move aligns with IMFA's renewable power initiatives, enhancing its sustainable energy portfolio. Investors may view this as a positive step towards compliance with captive power requirements, potentially boosting long-term operational stability and growth.