IMP Powers Limited — Others, 18-06-2025: Disclosure under SEBI Takeover Regulations

Electrify Energy Private Limited, in consortium with promoter Rakesh Ramanlal Shah, has acquired IMP Powers Limited as a going concern through an e-auction under the liquidation process. Following relief granted by NCLT Ahmedabad, 3.23 Cr equity shares of Rs.10 each will be allotted to the consortium, along with 17 lakh equity shares to eligible public shareholders, subject to pending implementation and listing. Rakesh Shah and associates are now promoters of IMP Powers, with no existing equity holdings or encumbrances prior to the allotment. This marks a key ownership and capital restructuring step for IMP Powers.