IMP Powers Ltd has posted a net profit of Rs 0.14 crore for FY 2026, marking a turnaround from a loss of Rs 2.08 crore in the previous year. The company is set to hold its 64th AGM on September 30, 2026, to seek shareholder approval for leadership appointments, office relocation to Ahmedabad, and significant related party transactions.
IMP Powers Reports Turnaround to Profit in FY 2026
Income from operations rose to Rs 31.38 crore from Rs 4.67 crore in FY 2025.
Profit after tax shifted to Rs 0.14 crore compared to a loss of Rs 2.08 crore previously.
Reader Takeaway: Revenue scaling signals operational revival, though high-value related party transactions warrant careful scrutiny by minority shareholders.
What just happened
IMP Powers Ltd has released its 64th Annual General Meeting notice. The company plans to move its registered office from Silvassa to Ahmedabad. Shareholders will vote on the reappointment of Mr. Naveen Kumar Singh as Whole-time Director and a series of material related party transactions for the upcoming financial year. E-voting is scheduled to begin on September 25, 2026.
Why this matters
The company’s return to profitability is a critical milestone following recent management changes and the acquisition of the entity as a going concern. The shift to Ahmedabad is cited as an effort to improve administrative efficiency. However, the proposed related party transactions—totaling over Rs 200 crore in potential value with entities like GSEC Limited and Electrify Energy Private Limited—represent a substantial portion of the company's projected future business scope.
The backstory
Following a period of financial distress, IMP Powers has been working to revive its operations. The company recently successfully secured working capital facilities from the Union Bank of India to support its scaling initiatives. The management is now focused on stabilizing the balance sheet and expanding operational capacity.
Risks to watch
Shareholders should monitor the high volume of inter-corporate deposits and raw material procurement deals with related parties. Governance transparency regarding these transactions will be essential to ensure they remain in the best interest of the firm.
What to track next
The outcome of the AGM on September 30, 2026, and the actual execution of the working capital facilities provided by Union Bank of India will be primary indicators of sustained financial health.