Indian Metals & Ferro Alloys Board Approves FY Results, Recommends Dividend, and Names New Director
Indian Metals & Ferro Alloys Limited (IMFA) announced the outcomes of its Board of Directors meeting held on May 27, 2026. The board approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend.During the meeting, the board formally approved the audited financial results, both standalone and consolidated, for the period ending March 31, 2026. The results were presented alongside the Auditors Report from M/s. Walker Chandio & Co LLP, the statutory auditors of the Company.
The Board also recommended a final dividend of Rs 7.50 per equity share. This dividend is subject to the final approval of the shareholders at the forthcoming Annual General Meeting.
Board Appointments and Auditing
The board approved several key appointments, including the addition of a new director and the selection of cost auditors for the upcoming fiscal year.Mr. Partha Satpathy (DIN: 11589079) was approved for appointment as an Additional Director (Independent Director/Non-Executive Director) to the board. His tenure is set for a term of three years, commencing from the date of obtaining security clearance from the Director General of Civil Aviation, Government of India, and is subject to the approval of the shareholders.
The company also approved M/s S.S. Sonthalia & Co., Cost Accountants (Firm Registration No.: 000167), as the Cost Auditors for the Financial Year 2026-27.
A summary of the appointments and approvals includes:
| Area | Details | Status |
|---|---|---|
| Financial Results | Standalone and Consolidated results for the quarter/year ended March 31, 2026. | Approved |
| Dividend | Final dividend of Rs 7.50 per equity share. | Recommended |
| New Director | Mr. Partha Satpathy (Additional/Independent Director) | Approved |
| Cost Auditors | M/s S.S. Sonthalia & Co. (for FY 2026-27) | Approved |
| Policy | Amended Risk Management Policy | Approved |
M/s S.S. Sonthalia & Co. is noted as a leading Cost and Management Accounting Firm, registered with the Institute of Cost Accountants of India (ICAI), providing services including Cost Accounting, Cost Audit, and Management Services.
The board also approved the Amended Risk Management Policy of the company.
Mr. Partha Satpathy is a seasoned professional diplomat with over 35 years of experience in diplomacy and international relations. His expertise encompasses governance, negotiation, crisis management, risk mitigation, and business development across diverse international regions.
IMFA Stock Price Movement
Indian Metals & Ferro Alloys Limited shares today slipped by 0.85% to settle at ₹1472.4. The stock saw significant movement during the session, closing on a total traded volume of 855,511 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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