Indian Metals & Ferro Alloys share news and announcements

NSE: IMFABSE: 533047Ferrous MetalsSmall Cap

₹1,099.70₹4.60 (0.42%)BSE ₹1,099.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,095.10.

52-week range of traded prices to 23 Oct 2026

₹1,055.00Low, 23 Oct 2026₹1,679.90High, 29 Apr 2026

Market cap: ₹5,933 Cr660th largest listed
P/E: 11.3
P/B: 2.2
Dividend yield: 1.14%
ROE: 20.7%
ROCE: 18.4%
Debt to equity: 0.34
Volume, NSE: 97,67346.3% delivered

Indian Metals & Ferro Alloys share news and announcements

733 announcements, routine notices left out, newest first. Page 10 of 15.

Jul 2018
- 4 Jul · Updates
  Copies of the Notice published in " Business Standard" (English) and in 'Pragatibadi' (vernacular) on July 04 2018 regarding Board Meeting of the Company scheduled to be held on July 17, 2018 in connection with Unaudited Financial Results for the quarter ended June 30, 2018. '. (opens in a new tab)
- 3 Jul · Board meeting
  To consider and approve the financial results for the period ended Jun 30, 2018. We hereby inform you that the meeting of the Board of Directors of the Company will be held on Tuesday, the 17th July 2018 at Bhubaneswar, to consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter ended 30th June 2018. Further, please note that the trading window for dealing in equity shares of the Company shall remain closed for all directors, key managerial persons, designated persons and the connected persons with effect from 10th July 2018 to 19th July 2018 (both days inclusive) for the purpose of declaration of unaudited financial results. (opens in a new tab)
Jun 2018
- 30 Jun · Updates
  'Update on News from Plant Site'.At a meeting chaired by the District Collector yesterday, all demands agreed to by the Company earlier and action taken to implement the same were reviewed.We are pleased to inform that the agitation has been called off with immediate effect. However there would be a loss of around 500 tonnes of Ferro Chrome production due to above. (opens in a new tab)
- 28 Jun · Legal
  Exchange had sought clarification from Indian Metals & Ferro Alloys Limited with respect to announcement dated 27-Jun-2018, regarding " Indian Metals & Ferro Alloys Limited has informed the Exchange regarding 'News from Plant Site'.".On basis of above the Company is required to clarify following:1. The actual amount of damage caused due to the natural calamity or other force majeure events; The response of the Company is attached. (opens in a new tab)
- 27 Jun · Legal
  Exchange has sought clarification from Indian Metals & Ferro Alloys Limited with respect to announcement dated 27-Jun-2018, regarding " Indian Metals & Ferro Alloys Limited has informed the Exchange regarding 'News from Plant Site'.". On basis of above the Company is required to clarify following: 1. The actual amount of damage caused due to the natural calamity or other force majeure events; The response of the Company is awaited.
- 27 Jun · Updates
  News from Plant Site (opens in a new tab)
- 23 Jun · Business
  Press release dated Jun 23, 2018, titled "Copies of the Notice published in 'The Business Standard' (English) and in 'Pragatibadi' (vernacular) on 22nd June 2018 regarding Annual General Meeting, Book Closure and E-voting Information.".Please note that the 56thAnnual General Meeting of the Company is scheduled to be held on Tuesday, the 17thJuly 2018 at 3.00 PM at the Registered Office of the Company. (opens in a new tab)
- 22 Jun · Meeting
  Notice of Annual General Meeting to be held on July 17, 2018 (opens in a new tab)
- 18 Jun · Corporate action
  Register of Members and Share Transfer Books of the Company will remain closed from July 11, 2018 to July 17, 2018 (both days inclusive) for taking record of the Members of the Company for the purpose of payment of dividend and Annual General Meeting. Further the Annual General Meeting of the Company is scheduled on July 17, 2018. (opens in a new tab)
May 2018
Apr 2018
- 25 Apr · Legal
  Exchange had sought clarification from Indian Metals & Ferro Alloys Limited with respect to announcement dated 24-Apr-2018, regarding " Indian Metals & Ferro Alloys Limited has informed the Exchange regarding 'on April 23rd a large group of people who are not local and were brought by vehicles from far flung areas have started an agitation outside our Therubali unit without any prior notice or demands which led to employees being unable to attend duty. Since subsequent shifts went unmanned, all furnaces have been shut down. The District Administration is apprised of the matter and are trying to sort it out. '.".On basis of above the Company is required to clarify following:1. Expected quantum of loss/damage caused; The response of the Company is enclosed (opens in a new tab)
- 24 Apr · Legal
  Exchange has sought clarification from Indian Metals & Ferro Alloys Limited with respect to announcement dated 24-Apr-2018, regarding " Indian Metals & Ferro Alloys Limited has informed the Exchange regarding 'on April 23rd a large group of people who are not local and were brought by vehicles from far flung areas have started an agitation outside our Therubali unit without any prior notice or demands which led to employees being unable to attend duty. Since subsequent shifts went unmanned, all furnaces have been shut down. The District Administration is apprised of the matter and are trying to sort it out. '.". On basis of above the Company is required to clarify following: 1. Expected quantum of loss/damage caused; The response of the Company is awaited.
- 24 Apr · Updates
  On April 23rd a large group of people who are not local and were brought by vehicles from far flung areas have started an agitation outside our Therubali unit without any prior notice or demands which led to employees being unable to attend duty. Since subsequent shifts went unmanned, all furnaces have been shut down. The District Administration is apprised of the matter and are trying to sort it out. (opens in a new tab)
- 19 Apr · Updates
  Further to Company letter dated April 17, 2018 the Company has received demand notices for alleged excess mining in respect of its Nuasahi and Bangur Chromite Mines amounting to Rs 24.13 crore and is taking appropriate legal advise to determine the future course of action. Taken in conjunction with the earlier notices received in respect of Sukinda and Chingudipal Chromite Mines the total cumulative demand stands at Rs 122.90 crore. (opens in a new tab)
- 17 Apr · Updates
  The company has received demand notices for alleged excess mining in respect of its Sukinda and Chingudipal Chromite Mines amounting to Rs 98.77 cr and is taking appropriate legal advise to determine the future course of action. (opens in a new tab)
- 3 Apr · Disclosure
  Vide letter date April 03, 2018 a copy of disclosure under Regulation 10(6) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. (opens in a new tab)
- 3 Apr · Disclosure
  Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. (opens in a new tab)
Mar 2018
Feb 2018
- 26 Feb · Rating
  Credit RatingWe are pleased to inform you that the Company has carried out the review of credit rating of its banking facilities from ICRA Limited. Accordingly, ICRA has assigned rating for the above facilities as follows:Long Term: [ICRA]A (Pronounced ICRA A) with Stable OutlookShort Term: [ICRA]A1 (Pronounced ICRA A one)It may please be noted that the earlier credit rating was done by ICRA Limited in the month of September 2017 and they had assigned A- as the long term rating with Positive Outlook. Now they have revised upwards the long term rating from [ICRA]A- to [ICRA]A. The outlook has been changed from Positive to Stable. The short term rating is reaffirmed at A1.This may kindly be taken on record. (opens in a new tab)
Jan 2018
Oct 2017
Sep 2017
- 28 Sep · Board meeting
  Outcome of Board Meeting held on September 28, 2017.We wish to inform you that the Board of Directors of the Company at their meeting held today i.e. September 28, 2017 discussed, considered and approved, inter-alia, the following Scheme of Amalgamation ( Scheme) involving amalgamation of: (a) Indian Metals & Carbide Limited ( IMCL), a wholly owned subsidiary of Indian Metals And Ferro Alloys Limited ( Company or IMFA), and (b) B. Panda and Company Private Limited ( BPCO), a holding company of the Company, into the Company subject to approval of shareholders/ creditors, stock exchange(s), National Company Law Tribunal, Kolkata Bench and other regulatory agencies, as may be applicable. The details as required under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with the relevant circular issued by SEBI, if any, in respect of the aforesaid Scheme are enclosed herewith as Annexure -1 for the Scheme.Annexure 1a) Name of the entity(ies) forming part of the amalgamation/merger, details in brief such as, size, turnover etc.; The requisite details as on 31st March 2017 are as follows:Name of the entityTurnover (Rs in Crore)Size (Net worth) (Rs in Crore)Indian Metals & Carbide LimitedNil0.19B. Panda and Company Private Limited13.9215.84Indian Metals and Ferro Alloys Limited1697.041043.20b) Whether the transaction would fall within related party transactions? If yes, whether the same is done at arm's length; The transaction falls within the definition of related party transactions. However, pursuant to a General Circular bearing number 30 of 2014 dated July 17, 2014 issued by the Ministry of Corporate Affairs, the transactions arising out of compromises, arrangements and amalgamations will not attract the provisions of Section 188 of the Companies Act, 2013 (Related party transactions). c) Area of business of the entity(ies); IMCL is inter-alia engaged in the business of manufacturing, processing, buying and selling, distribute or otherwise deal in any form of Silicon Carbide.BPCO is engaged in the business of investing, holding and managing investments in shares of group companies.IMFA is India's largest, fully integrated producer of high quality ferro alloys with 187 MVA installed furnace capacity backed up by 261 MW captive power generation and extensive chrome ore mining tracts. IMFA is recognized globally as a reliable and cost-competitive producer with a particular focus on customer satisfaction. Over the years, IMFA has developed long standing business relationships with multi-nationals like POSCO of South Korea, Marubeni Corporation, YUSCO of Taiwan and Nisshin Steel of Japan and leading stainless steel producers in China and Taiwan. Within India, Jindal Stainless, Sri Balaji and Mahale Engineering are its leading customers.d) Rationale for amalgamation/ merger; Amalgamation of IMCL and BPCO respectively into the Company has been envisaged with a view to consolidate business of IMCL into the Company and rationalize and streamline the ownership structure of the Company. The Scheme when approved would enable achievement of various objectives, including the following:a. Reduce overheads and administrative, managerial and other expenditure; b. Provide greater efficiency and more optimal utilization of resources; c. Reduce legal and regulatory compliances;d. create enhanced value for all stakeholders of the respective companies; ande. reorganize businesses to optimize for operational efficiency, rationalize for cost and streamline for growth.e) In case of cash consideration amount or otherwise share exchange ratio; The share exchange ratio as specified in the Scheme is as under:(e.a) For amalgamation of IMCL into IMFA:Since IMFA is the beneficial owner of the entire issued, subscribed and paid-up equity share capital of IMCL, upon the Scheme becoming effective, the entire issued, subscribe (opens in a new tab)
- 8 Sep · Rating
  Credit RatingWe are pleased to inform you that the Company has carried out the review of credit rating of its banking facilities from ICRA Limited. Accordingly, ICRA has assigned rating for the above facilities as follows:Long Term: [ICRA]A- (Pronounced ICRA A minus) with Positive Outlook Short Term: [ICRA]A1 (Pronounced ICRA A one)It may please be noted that the earlier credit rating was done by ICRA Limited in the month of October 2016 and they had assigned the same rating with Stable Outlook. Now they have revised the outlook from Stable to Positive for the aforesaid banking facilities. (opens in a new tab)
Aug 2017
- 24 Aug · Legal
  Significant increase in volume has been observed in Indian Metals & Ferro Alloys Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Indian Metals & Ferro Alloys Limited has submitted their response. (opens in a new tab)
  The exchange asked on 23 Aug 2017
Jul 2017

Indian Metals & Ferro Alloys share news and announcements

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