- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Indian Metals & Ferro Alloys Limited has announced a board meeting on approving the financial results for the quarter and half-year. The Board approved the audited financial results for the year ended March 31, 2025, and declared a final dividend of Rs 2 per share. Key appointments include re-appointment of Mrs. Latha Ravindran as Independent Director and appointment of Ms. Kiran Dhingra as Independent Additional Director, pending security clearance. Secretarial and Cost Auditors were appointed. The company is expanding into aviation through a wholly owned subsidiary, Metallix Aviation Private Limited. The merger of Utkal Coal Limited was completed with compensation from the Ministry of Coal used to repay loans. The Singapore subsidiary was dissolved after unsuccessful coal concession efforts. IMFA signed agreements to acquire 110 MW of hybrid renewable power. Depreciation method changed to straight line from Oct 1, 2023, affecting comparability.