Impex Ferro Tech Reports FY26 Net Loss of Rs 6.43 Crore

Net loss reached Rs 6.43 crore in FY26, while accumulated losses surged to Rs 463.53 crore.

Reader Takeaway: Operations remain suspended with zero revenue; recovery is entirely dependent on the pending NCLT resolution plan.

What just happened

Impex Ferro Tech Ltd, currently under the Corporate Insolvency Resolution Process (CIRP), has disclosed its financial performance for FY 2025-26. The company reported zero revenue from operations, as its manufacturing facility in West Bengal has been shuttered since October 2022 following a power disconnection by the Damodar Valley Corporation. The Resolution Professional now exercises all board powers, and the company is awaiting final approval from the Adjudicating Authority for a resolution plan submitted by Ankoor Distillers Pvt Ltd.

Why this matters

Shareholders face significant uncertainty as the company's net worth has been entirely eroded. Accumulated losses of Rs 463.53 crore underscore the financial distress. Furthermore, the statutory auditor has issued a qualified opinion, specifically raising alarms regarding the company’s ability to function as a going concern. Compliance failures, including the lack of a permanent CFO or Company Secretary, continue to draw notices from stock exchanges.

Risks to watch

Beyond the insolvency process, the company faces legal headwinds. The Enforcement Directorate (ED) has ongoing proceedings involving the attachment of immovable properties valued at Rs 6.60 crore related to alleged fraudulent transactions. The matter is currently sub judice, adding a layer of complexity to the resolution process.

Context metrics

The company reported total equity at negative Rs 321.64 crore for FY26. Governance standards have been severely impacted by the CIRP, with the board’s powers suspended since May 2024.

What to track next

Investors should closely monitor updates from the NCLT regarding the final approval of the Ankoor Distillers resolution plan. Any movement on the ED-related property attachments will also remain a critical monitorable for the recovery process.