Indian Metals & Ferro Alloys has informed that Bhubaneswar Municipal Corporation vide its letter no. 3101 dated 5th September 2023, has imposed penalty of Rs 10,000 for burning the waste with green garbage at the Company's premises. There is no impact on the financial or operation of the Company due to the said penalty by Bhubaneswar Municipal Corporation.
The above information is a part of company’s filings submitted to BSE.