Impex Ferro Tech Limited (NSE: IMPEXFERRO, BSE: 532614) is a business operating in India and manufacturing ferroalloys which is currently under Corporate Insolvency Resolution Proceedings. It has been shut down since October 2022 and does not earn any money through its operations. In July 2026, it got a resolution plan submitted by Ankoor Distilleries which was accepted by its Committee of Creditors; however, the legal procedure has not started yet under Insolvency and Bankruptcy Code.
This is an overview of media reports which have appeared as news stories and market releases through the date shown above. This is not financial advice.
Last update: October 2026.
About the company
Impex Ferro Tech Ltd was registered in 1995 and is based out of Kolkata, West Bengal. It belongs to the Impex Group of Companies and its stock has been listed at BSE and NSE since 2005.
The company is involved in the manufacture of manganese-containing ferroalloys, such as silico manganese and ferro manganese (high carbon and medium carbon). Steel producers use such ferroalloys for deoxidization, and these alloys provide hardness and strength to the steel. Profiles of public companies have described an establishment in the state of West Bengal consisting of five submerged arc furnaces and captive power plant.
Latest news
Creditors approve a resolution plan (July 2026)
According to the announcement of the exchanges, the Committee of Creditors (CoC) has passed a resolution plan of Ankoor Distilleries on 24 July 2026. Sometimes it is also spelt as Ankoor Distillers in some news reports.
To put it simply: in insolvency proceedings, third parties present proposals that entail either takeover or restructuring of the firm. When the proposal gets approved by the creditors, it is subsequently sent to the National Company Law Tribunal (NCLT). The process is not concluded until then.
Company under CIRP since 2024
This process was ordered by NCLT in May 2024. During the entire process, there are no powers of the board and the company is run by a Resolution Professional. The CoC has met several times such as the 25th meeting in March 2026, the 26th meeting late May, the 28th meeting 19 June 2026 (revised bid from a prospective applicant), and 29th meeting on 6 July 2026.
Plant closed, no income
The company has also claimed that the plant has been closed since October 2022 and currently does not have any operating income. The revenue of the company has decreased considerably in FY25 from FY24.
Recent results
- Q1 FY27 (April-June 2026): Loss of about ₹176.6 lakhs, no income from operations due to depreciation costs.
- FY26 (full year): Losses were around ₹643 lakhs as per reports.
- Also notice was issued for the 31st AGM in respect of FY26 accounts.
Losses in earlier quarters in 2025 amounted to approximately ₹1.8 crore each quarter. Make sure you always look at the filing on BSE/NSE for accurate numbers.
Share price movement
The stock is a penny stock that trades for a very low rupee value. Reports suggest that the stock touched its highest point in 52 weeks at about ₹6.33 in October 2026 after a steep rise this year; moreover, reports have highlighted that the stock had high volatility and was having a negative net worth. The steep rise in the price of a stock during insolvency does not necessarily indicate that the company is thriving.
What to watch next
- NCLT decision on the approved resolution plan.
- Benefits to be provided by the plan to the stockholders. The plan thus forms the central question for anyone owning the shares.
- Proposals for the future of the plant in case of a takeover: restart, sell, or shutdown.
- Notices of delisting or reduction of capital, which often come after a plan.
- Submission of the exchange under Regulation 30 for all CoC and NCLT changes.
Risks to keep in mind
- Plan of Bankruptcy may face opposition and delays in the court.
- The firm has negative book value, substantial contingent liabilities and promoter’s shares pledged as evident from publicly available information.
- The security has low trading volume and high volatility to news.
Frequently asked questions
Is Impex Ferro Tech Ltd still operating?
Its plant is not functioning since October 2022, and the company is under the process of insolvency with the help of a Resolution Professional.
Where is Impex Ferro Tech headquartered?
Kolkata, West Bengal. All the old websites which mention Mumbai are incorrect.
What does Impex Ferro Tech make?
Iron Alloys: silico-manganese and iron-manganese. Used in making steel.
What is the latest update regarding the resolution plan?
The Committee of Creditors accepted the proposal presented by Ankoor Distilleries on the 24th July 2026.
What is CIRP?
Process of Corporate Insolvency Resolution: The procedure of trying to rehabilitate or sell a business entity unable to meet its debts through a legal procedure as per the Insolvency and Bankruptcy Code.
What is the stock symbol?
NSE: IMPEXFERRO and BSE: 532614.
Should I buy the stock?
But this article cannot recommend what you should do about it. Check out the filing papers of the company and consult with a SEBI-certified adviser.
Sources and further reading
- Announcements by BSE India and NSE India on Impex Ferro Tech (results of CIRP and CoC)
- Impex Ferro Tech Limited: www.impexferrotech.com
- Insolvency and Bankruptcy Board of India (IBBI): ibbi.gov.in
- Screener.in, Groww and Marketsmojo: Company details and summary
- NCLT: www.nclt.gov.in