Regional Director Orders Indian Metals & Ferro Alloys Over Compounding Fee for FY 2019-20 to FY 2020-21
Indian Metals & Ferro Alloys Limited reported receiving an order from the Ministry of Corporate Affairs regarding the compounding of offences under the Companies Act, 2013. The order, issued by the Regional Director (South East Region), Hyderabad, pertains to the financial years 2019-20 and 2020-21.The directive stated that an aggregate compounding fee of Rs 15,00,000/- was levied on the company’s Key Managerial Persons (KMPs). The fee covers the period from the Financial Year (FY) 2019-20 to FY 2020-21, under Section 441 read with Section 129 of the Companies Act, 2013.
The company received the order, dated April 23, 2026, on April 27, 2026. The underlying contravention cited was a mismatch in the comparative figure within the financial statement for the period FY 19-20 to FY 20-21.
Indian Metals & Ferro Alloys Limited confirmed that payment of the full amount has been made to the relevant authority.
The company stated that this order does not have a material impact on its financial, operational, or other activities.
Key details regarding the compounding order are summarized below:
| Particulars | Details |
|---|---|
| Authority | Regional Director (RD), South East Region, Ministry of Corporate Affairs, Government of India |
| Compounding Fee | Rs 15,00,000/- |
| Payees | Key Managerial Persons (KMPs) |
| Period Covered | FY 2019-20 to FY 2020-21 |
| Violation | Mismatch in Comparative figure in the Financial statement |
| Order Date | April 23, 2026 |
| Company Payment Status | Payment has been made to the relevant authority |
IMFA Stock Price Movement
Today, Indian Metals & Ferro Alloys Limited shares gained 1.62% to close at ₹1521.9. The stock posted a robust trading volume of 238,153 shares throughout the day.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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