IMP Powers Limited has responded to a clarification request regarding its financial results. The company states that it was purchased as a going concern via e-auction by Electrify Energy Private Limited in consortium with Shri Rakesh Ramanlal Shah. Subsequently, the Hon'ble NCLT, Ahmedabad, in an order dated November 5, 2024, allowed certain reliefs and concessions to the successful auction purchaser. The current management indicated that the clarification sought pertains to financial reporting done by the office of the liquidator, and since this information is not available to the new management, they are unable to comment on it. Furthermore, the company had previously requested the exchange via email dated January 31, 2025, for the revocation of the suspension on trading of shares and the listing of new shares to be allotted as per the NCLT order.
