IMFA Board Approves FY26 Audited Results, Recommends ₹7.50 Dividend, Appoints New Director
IMFA's Board approved FY26 audited results, recommending a final dividend of ₹7.50 per share. Mr. Partha Satpathy was appointed as Additional Director for three years. The company reported FY26 total income of ₹2,893.05 crore and profit after tax of ₹424.36 crore (standalone). M/s. S.S. Sonthalia & Co. appointed as Cost Auditors.
The recommendation of a dividend and the appointment of a new director are significant corporate actions that can impact investor sentiment and governance, but the financial results are broadly in line with expectations.
The company reported positive financial results for the year and recommended a dividend, along with the appointment of a new director, indicating growth and stability.
Indian Metals & Ferro Alloys Limited (IMFA) announced the outcome of its Board of Directors meeting held on May 27, 2026. The Board approved the audited financial results, both standalone and consolidated, for the quarter and year ended March 31, 2026, along with the Auditors' Report from M/s. Walker Chandiok & Co LLP.
The Board recommended a final dividend of ₹7.50 per equity share of ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Furthermore, the Board approved the appointment of Mr. Partha Satpathy as an Additional Director (Independent, Non-Executive) for a term of three years, pending security clearance and shareholder approval. Mr. Satpathy is not related to the promoter group and meets independence criteria.
Additionally, M/s. S.S. Sonthalia & Co. was appointed as the Cost Auditors for the Financial Year 2026-27. The Board also approved the Amended Risk Management Policy of the Company. The meeting commenced at 11:30 AM and concluded at 1:30 PM.
For the year ended March 31, 2026, IMFA reported total income of ₹2,893.05 crore (standalone) and ₹2,891.78 crore (consolidated). Profit after tax for the year stood at ₹424.36 crore (standalone) and ₹424.72 crore (consolidated). The company also reported significant changes in its balance sheet, with total assets growing to ₹4,306.49 crore (standalone) and ₹4,316.53 crore (consolidated) as of March 31, 2026.
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