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.
