Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations) and in continuation to intimation dated June 4, 2024, IMP Powers has informed that the Successful Purchaser has successfully deposited the balance consideration as per the Letter of Intent (LOI) issued by the Liquidator of IMP Powers (the Company) for selling the Company as a Going Concern as per Regulation 32(e) of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 on ‘As is where is, as is what is, whatever there is and without recourse basis’. Further, the Liquidator shall take further steps to obtain the necessary order from Hon’ble NCLT regarding the sale of the Company to the Successful Purchaser.
The above information is a part of company’s filings submitted to BSE.
