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 board meetings

97 filed, newest first. Page 2 of 2.

May 2018
- 22 May · Board meeting
  Outcome of Board Meeting held on May 21, 2018.Further to our letter dated 21st May 2018, the Board of Directors of the Company at their meeting held today, inter- alia, have also re-constituted the Audit Committee and Nomination and RemunerationCommittee of the Company as follows:1. Audit Committee Mr Sudhir Prakash Mathur, Chairperson Major Rabi Narayan Misra(Retd) Mr Nalini Ranjan Mohanty2. Nomination and Remuneration Committee Maior Rabi Naravan Misra(Retd) Mr Nalini Ranjan Mohanty Mr Bijoy Kumar DasThe earlier intimat ion in t his regard may kindly be Ignored. (opens in a new tab)
- 21 May · Board meeting
  Outcome of Board Meeting held on May 21, 2018. Further to our letter dated 21st May 2018, the Board of Directors of the Company at their meeting held today, inter-alia, have also re-constituted the Audit Committee and Nomination and Remuneration Committee of the Company as follows:1. Audit Committee Mr Sudhir Prakash Mathur, Chairperson Major Rabi Narayan Misra(Retd) Mr Nalini Ranjan Mohanty2. Nomination and Remuneration Committee Major Rabi Narayan Misra(Retd) Mr Sudhir Prakash Mathur Mr Bijoy Kumar Das (opens in a new tab)
- 5 May · Board meeting
  To consider and approve the financial results for the period ended March 31, 2018, dividend and other business matters (opens in a new tab)
Mar 2018
- 12 Mar · Board meeting
  This is to inform you that the meeting of the Board of Directors of the Company will be held on Wednesday, the 21st March 2018 at New Delhi, to consider and declare interim dividend, if any, to the shareholders of the Company for the financial year 2017-18. Pursuant to Regulation 42(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, the Record Date for payment of interim dividend, if declared by the Board in the above meeting, shall be 2nd April 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 14th March 2018 to 23rd March 2018 (both days inclusive) for the purpose of declaration of interim dividend. (opens in a new tab)
Jan 2018
- 15 Jan · Board meeting
  29-Jan-2018 : The Company had informed the Exchange regarding the meeting of the Board of Directors of the Company scheduled to be held on January 24, 2018 To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and nine months ended December 31, 2017. The Company has now informed the Exchange that the aforesaid Board Meeting scheduled to be held on January 29, 2018. (opens in a new tab)
- 15 Jan · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and nine months ended December 31, 2017. (opens in a new tab)
  Not held on this date
Oct 2017
- 11 Oct · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and half-year ended September 30, 2017. (opens in a new tab)
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)
Jul 2017
- 3 Jul · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter ended June 30, 2017. Further, 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 July 10, 2017 to July 19, 2017 (both days inclusive) for the purpose of declaration of unaudited financial results. (opens in a new tab)
May 2017
- 18 May · Board meeting
  Outcome of Board Meeting held on May 18, 2017. (opens in a new tab)
- 4 May · Board meeting
  Inter-alia, to consider and approve the following: i) To take on record the audited financial results of the Company for the quarter and year ended March 31, 2017; and ii) To consider recommendation of final dividend on the equity shares of the Company for the financial year ended March, 31,2017. Further please note that the trading window for dealing in equity shares of the Company shall remain closed for all directors and designated employees with effect from May 11, 2017 to May 20,2017 (both days inclusive) for the purpose of declaration of audited financial results. (opens in a new tab)
Jan 2017
- 30 Jan · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and nine months ended December 31, 2016 and payment of interim dividend for the financial year 2016-17. (opens in a new tab)
Oct 2016
- 13 Oct · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and half year ended September 30, 2016. (opens in a new tab)
Jul 2016
- 12 Jul · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter ended June 30, 2016. (opens in a new tab)
Jun 2016
- 20 Jun · Board meeting
  To consider and approve for offer and issue of warrants convertible into equity shares on preferential basis to the Promoters of the Company at a price which shall not be less than the minimum price arrived at in accordance with the provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time. (opens in a new tab)
May 2016
- 7 May · Board meeting
  To consider and take on record, inter-alia, the audited financial results of the Company for the quarter and year ended March 31, 2016. (opens in a new tab)
Feb 2016
- 9 Feb · Board meeting
  Board of Directors of the Company at its meeting held on February 09, 2016 has appointment of Mr Bijoy Kumar Das as an Additional Director in the capacity of Non-Executive Independent Director of the Company with effect from February 09, 2016. (opens in a new tab)
Jan 2016
- 18 Jan · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and nine months ended 31st December, 2015. (opens in a new tab)
Oct 2015
- 30 Oct · Board meeting
  Board of Directors at their meeting held on October 20, 2015 have approved the policy for determination of materiality for disclosure of any event or information under the SEBI(Listing Obligation and Disclosure requirement) regulation 2015 and authorised following key Managerial personnel(KMP) for determining materiality of an event or information for disclosure to stock exchange(s). (opens in a new tab)
- 20 Oct · Board meeting
  Board of Directors of the Company at their meeting held on October 20, 2015, inter-alia, have approved the following: 1)Re-appointment and payment of remuneration to Dr B Panda as Executive Chairman, Mr Baijayant Panda as Vice Chairman and Mr Subhrakant Panda as Managing Director for a further period of three years effective from October 28, 2015 subject to approval of shareholders and Central Government, if required.2)Re-appointment and payment of remuneration to Mr J K Misra as Director(Corporate) & COO and Mr C R Ray as Whole-time Director for a further period of three years effective from October 28, 2015 and January 31, 2016 respectively subject to approval of shareholders and Central Government, if required. (opens in a new tab)
- 5 Oct · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and half year ended September 30, 2015. (opens in a new tab)
Jul 2015
- 4 Jul · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter ended June 30, 2015. (opens in a new tab)
May 2015
- 4 May · Board meeting
  Inter-alia, to consider and approve the following: i) To take on record the audited financial results of the Company for the quarter and year ended March 31, 2015; and ii) To consider recommendation of dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2015. (opens in a new tab)
Jan 2015
- 9 Jan · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and nine month ended December 31, 2014.
Oct 2014
- 7 Oct · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and half year ended September 30, 2014.Further, the trading window for dealing in equity shares of the Company shall remain closed for all directors and designated employees with effect from October 22, 2014 to October 31, 2014 (both days inclusive) for the purpose of declaration of unaudited financial results.
Jul 2014
- 4 Jul · Board meeting
  To consider and take on record inter alia, the Unaudited financial results for the quarter ended June 30, 2014.
May 2014
- 5 May · Board meeting
  Inter-alia, to consider and approve the following: (i) To take on record the audited financial results of the Company for the quarter and year ended 31st March, 2014 and (ii) To consider recommendation of dividend on the equity shares of the Company for the financial year ended 31st March, 2014. (opens in a new tab)
Jan 2014
- 14 Jan · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter ended December 31, 2013.
Oct 2013
- 8 Oct · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter and half year ended 30th September, 2013.
Jul 2013
- 8 Jul · Board meeting
  To consider and take on record inter alia, the Unaudited financial results for the quarter ended 30th June,2013. (opens in a new tab)
May 2013
- 15 May · Board meeting
  Board of Directors of the Company at its meeting held on May 15, 2013, inter alia, has approved the following: - Based on the recommendation of the Audit Committee, Board has recommended the appointment of M/s. Haribhakti & Co., Chartered Accountants as Statutory Auditors of the Company for the financial year 2013-14, subject to approval of the shareholders in the ensuing Annual General Meeting, in place of M/s. Raghu Nath Rai & Co., Chartered Accountants, the existing Auditors, who have given their no objection to change of Auditors by way of rotation which is in consonance with good corporate governance.
- 2 May · Board meeting
  To consider and take on record the audited financial results of the Company for the quarter and year ended 31st March,2013 & to consider recommendation of dividend on equity shares of the Company for the Financial Year ended 31st March,2013 (opens in a new tab)
Jan 2013
- 21 Jan · Board meeting
  Outcome of Board Meeting of the Company held on January 21, 2013. (opens in a new tab)
- 4 Jan · Board meeting
  To consider and take on record, inter-alia, the unaudited financial results of the Company for the quarter ended December 31, 2012.
Oct 2012
- 17 Oct · Board meeting
  Board of Directors of the Company at its meeting held on October 16, 2012 inter alia, have approved the following : (1) Re-appointment and payment of remuneration of Dr. B. Panda as Executive Chairman, Mr. Baijayant Panda as Vice Chairman, Mr. Subhrakant Panda as Managing Director and Mr. J. K. Misra as Director(Corporate) for a further period of three years effective from October 28, 2012 subject to approval of shareholders through postal ballot process.(2) Appointment and payment of remuneration of Mr. C. R. Ray as Whole-time Director of the Company for a period of three years effective from the date of approval from Ministry of Civil Aviation, Govt of India subject to approval of shareholders through postal ballot process. (3) Fixation of payment of commission or Independent Directors for a period of three years effective from April 01, 2012 subject to approval of shareholders through postal ballot process.
- 1 Oct · Board meeting
  To consider and take on record, inter alia, the unaudited financial results of the Company for the quarter and half year ended September 30, 2012.
Jul 2012
- 9 Jul · Board meeting
  To consider and take on record, inter alia, the Unaudited Financial Results for the quarter ended June 30, 2012.
Apr 2012
- 10 Apr · Board meeting
  Inter-alia, to approve and take on record the audited financial results of the Company for the quarter and year ended March 31, 2012.
Jan 2012
- 6 Jan · Board meeting
  To consider and take on record, inter alia, the unaudited financial results for the quarter ended December 31, 2011.
Nov 2011
- 17 Nov · Board meeting
  Board of Directors of the Company at its meeting held on November 14, 2011, inter alia, has approved the proposal to wind up its wholly owned subsidiary viz. Indmet (Mauritius) Ltd under the laws of Mauritius.
Oct 2011
- 25 Oct · Board meeting
  To consider and take on record, inter alia, the unaudited financial results for the quarter and half year ended September 30, 2011.
Jul 2011
- 18 Jul · Board meeting
  Board of Directors of the Company at their meeting held on July 16, 2011, inter-alia, have appointed Mr. S K Pattanaik as an Alternate Director to Mr. Alex Amrein with effect from July 16, 2011 under Section 313 of the Companies Act, 1956.
- 4 Jul · Board meeting
  Unaudited Financial Results for the quarter ended June 30, 2011.
Apr 2011
- 20 Apr · Board meeting
  Inter-alia, for considering the followings matters: (1) To approve and take on record the audited financial results of the Company for the quarter and year ended March 31, 2011.(2) Recommendation of dividend on the equity shares of the Company for the financial year ended March 31, 2011.
Jan 2011
- 12 Jan · Board meeting
  To consider and take on record, inter alia, the unauited financial results for the quarter ended December 31, 2010.
Nov 2010
- 1 Nov · Board meeting
  Board of Directors of the Company at their meeting held on October 29, 2010, inter-alia, have transacted the following: 1) Approved the proposal to sell/transfer of the 30 MVA furnace and other related assets & liabilities of the Company to a separate subsidiary under section 293(1)(a) of the Companies Act, 1956 and thereafter enter into a JV agreement with Posco, Korea by issuing 24% shares from the subsidiary to them.
Oct 2010
- 20 Oct · Board meeting
  To consider and take on record, interalia, the unaudited financial results for the quarter and half year ended September 30, 2010.

Indian Metals & Ferro Alloys board meetings

May 2018

Mar 2018

Jan 2018

Oct 2017

Sep 2017

Jul 2017

May 2017

Jan 2017

Oct 2016

Jul 2016

Jun 2016

May 2016

Feb 2016

Jan 2016

Oct 2015

Jul 2015

May 2015

Jan 2015

Oct 2014

Jul 2014

May 2014

Jan 2014

Oct 2013

Jul 2013

May 2013

Jan 2013

Oct 2012

Jul 2012

Apr 2012

Jan 2012

Nov 2011

Oct 2011

Jul 2011

Apr 2011

Jan 2011

Nov 2010

Oct 2010