IMP Powers Clarifies Financial Result Format Issues for FY25
IMP Powers Limited clarified format discrepancies in its FY25 financial results to NSE. The company explained authorized director signatures were used due to board reconstitution and a missing balancing figure note was an inadvertent omission. A typographical error led to 'reviewed' instead of 'audited' in the auditor's report, a correction has been provided. The company was acquired as a going concern.
This announcement addresses regulatory compliance and reporting format issues. It does not contain new financial performance data, strategic initiatives, or significant operational changes that would materially impact the company's stock or valuation.
The announcement is a clarification of procedural and formatting issues related to financial results submission, rather than a reflection of the company's financial performance. It addresses queries from the exchange, aiming to resolve discrepancies without introducing new financial information or strategic changes.
IMP Powers Limited has provided a clarification to NSE regarding queries on its financial results for the quarter and financial year ended March 31, 2025. The company addressed two main points: the missing signatures of the MD and CFO on the Statement on Impact of Audit Qualifications and the absence of a balancing figure note. IMP Powers explained that following its acquisition as a going concern, the Board of Directors was reconstituted, and the company currently does not have a CMD or MD. Consequently, Mr. Shaishav Shah, a Director, was authorized to sign the financials, which they assert complies with SEBI LODR regulations. A copy of the board resolution authorizing Mr. Shah has been attached.
Regarding the missing balancing figure note, the company stated it was an inadvertent omission and has been inserted along with the audited results for the period ended March 31, 2025. Furthermore, IMP Powers clarified that the auditors had mistakenly used the word “reviewed” instead of “audited” in their report due to a typographical error. The company has provided the correct Auditors Report, confirming that the financial results were duly audited. The company requested the exchange to take these submissions on record.
What to do with a filing like this
IMP Powers Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by IMP Powers Limited. Read the original for the full detail.