Indian Metals & Ferro Alloys Ltd
IMFA Settles Financial Statement Discrepancy with βΉ15 Lakh Fee πΌπ
β’ IMFA voluntarily filed compounding application for FY 2019-20 & 2020-21 under Companies Act
β’ Regional Director levied βΉ15,00,000 fee on Key Managerial Persons
β’ Fee imposed due to mismatch in comparative figures in financial statements
β’ Order passed on April 23, 2026 and received by company on April 27, 2026
β’ Company has already paid the fee to relevant authority
β’ No material financial or operational impact on the company