INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Enclosed please find herewith copies of the public advertisement of the Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended 31 st March, 2023 released in "The Economic Times" (English) and "Pragativadi" (Odia) on 31st May, 2023. INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyINDIAN METALS & FERRO ALLOYS LTD. 2CIN NO.L27101OR1961PLC000428 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 9.68 4Highest Credit Rating during the previous FY AA- 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: PREM KHANDELWAL Designation: CFO and COMPANY SECRETARY EmailId: [email protected] Name of the Chief Financial Officer: PREM KHANDELWAL Designation: CFO AND COMPANY SECRETARY EmailId: [email protected] Date: 31/05/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
IMFA standalone net profit falls over 50% to Rs 63.65 cr in March quarter
Indian Metals & Ferro Alloys Ltd (IMFA) on Tuesday posted over a 50 per cent fall in its standalone net profit to Rs 63.65 crore in the March 2023 quarter, dragged by lower revenues. It had clocked a net profit of Rs 142.63 crore during the January-March quarter of 2021-22, IMFA said in a statement. The company's revenues also fell to Rs 636.90 crore from Rs 756.71 crore in the year-ago period. IMFA Managing Director (MD) Subhrakant Panda said, "While commodity prices have cooled off from last year's exceptional levels leading to a decline in profitability, FY23 performance is still creditable. The slowdown globally represents a challenge for the ferrochrome industry but we remain confident about the current year's outlook, given the strength of our balance sheet and fully integrated business model". The company's 1 lakh tonne per annum ferro chrome expansion project at Kalinganagar is on track, he added. Headquartered in Bhubaneswar (Odisha), IMFA is India's leading fully... INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are enclosing herewith copy of the Press Release of Audited Financial Results for the year ended 31st March 2023, which may kind ly be taken on record. INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Related Party Transaction Report 31St March 2023
Related Party Transaction Report 31st March 2023 INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Held On 30Th May, 2023
The Board of Directors of the Company at their meeting held on 30th May 2023, inter-alia, have transacted the following: 1. Approved the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31st March 2023. A copy each of the Audited Financial Results and Report of Statutory Auditors are enclosed. 2. Recommended dividend of Rs 5/- per equity share of Rs 10/- each subject to approval of the shareholders in the forthcoming Annual General Meeting of the Company. 3. Appointment of M/s S.S.Sonthalia & Co., Cost Accountants having Firm Registration No.: 000167 as the Cost Auditors of the Company for the Financial year 2023-24. Brief profile of the Cost Auditor is furnished below : M/s S.S.Sonthalia & Co. is one of the leading Cost and Management Accounting Firm which is Registered with Institute of Cost Accountants of India (ICAI). They provide Cost Accounting Services, Cost Audit Services, Management Services, Financial planning Consultancy, etc. INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Audited Financial Results (Standalone & Consolidated) For The Quarter And Year Ended 31St March 2023
The Board of Directors of the Company at their meeting held on 30th May 2023, inter-alia, have approved the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended 31st March 2023. A copy each of the Audited Financial Results and Report of Statutory Auditors are enclosed. INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We wish to inform you that a Conference Call to discuss the Financial performance of Q4 and Year ended 31st March 2023 with Analysts / Investors has been scheduled on 31st May 2023 at 4 P.M. INDIAN METALS & FERRO ALLOYS LTD. - 533047 - Closure of Trading Window
The trading window has already been closed with effect from 1st April 2023 pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 for all the Directors, Key Managerial Persons, Designated Persons and the Connected Persons covered under the said regulations and shall remain closed till 1st June 2023.