IMP Powers Limited Notifies Non-Applicability of Corporate Governance Report for FY26
IMP Powers Limited confirms non-applicability of the corporate governance report for the quarter and financial year ended March 31, 2026. This is due to paid-up equity capital below ₹10 crore and net worth below ₹25 crore. The company submitted a confirmation certificate from its director and a practicing company secretary.
This is a routine regulatory filing and does not involve any new business operations, financial results, or strategic changes that would significantly impact the company's stock or operations.
The announcement is a routine compliance filing confirming the non-applicability of certain regulations based on the company's financial parameters. It does not contain any new financial results or significant business developments.
IMP Powers Limited has informed the stock exchanges regarding the non-applicability of the quarterly corporate governance report for the quarter and financial year ended March 31, 2026. This is in accordance with Regulation 15(2)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company's paid-up equity share capital and net worth are below the specified thresholds of ₹10 crore and ₹25 crore, respectively, as of the last day of the previous three financial years. Specifically, as of March 31, 2025, March 31, 2024, and March 31, 2023, the paid-up equity share capital remained ₹8.63 crore. The net worth, considering the deficit in the statement of profit and loss, was ₹(269.97) crore, ₹(267.85) crore, and ₹(247.68) crore for the respective years.
Consequently, the corporate governance provisions stipulated in regulations 17 through 27, among others, do not apply to IMP Powers Limited for the said period. The company has submitted a certificate signed by its Director and a Practicing Company Secretary confirming this non-applicability. IMP Powers Limited has also undertaken to comply with these regulations within six months from the date they become applicable in the future.
What to do with a filing like this
IMP Powers Limited filed this with the NSE as a statutory disclosure, categorised under corporate governance report. 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.