.faIMFABuildingBhubaneswar -751010Odisha, India

Corporate Identity No.L271010R1961PLCOO0428

TEL +91 6742611000+91 6742580100

FAX +91 674 2580020+91 674 2580145

mail@imfa.in

www.imfa.in

INDIAN METALS & FERRO ALLOYS LIMITED

4thApril, 2019

The Listing DepartmentNational Stock Exchange of India Ltd.Exchange PlazaPlot No.C/l, G. BlockBandra-Kurla ComplexBandra (E)Mumbai-400051Stock Symbol & Series: IMFA, EQ

Dear Sir,

The Deputy General Manager(Corporate Services)BSE LimitedFloor 25, P.]. TowersDalal Street, FortMumbai-400001Stock Code: 533047

We are enclosing herewith a certified copy of the proceedings ofpostal ballot in respect of special resolutions set out in the notice ofpostal ballot dated 12th February 2019, as per the result of postalballot declared on 28th March 2019.

This is for your information and record.

Thanking you

fulIAI\I/'lvIETALS& FERROALLOYS LTD

A DELWAL)MPANYSECRETARY

Encl : As above

MINUTES OF THE PROCEEDINGS RELATING TO DECLARATION OF RESULTOF POSTAL BALLOT OF. INDIAN METALS & FERRO ALLOYS LIMITEDHELD ON THURSDAY, THE 28TH MARCH 2019 AT 5.00 PM AT THEREGISTERED OFFICE OF THE COMPANY AT IMFA BUILDING, BOMIKHAL,RASULGARH, BHUBANESWAR-751010, ODISHA==========================================================BackgroundPursuant to provisions of Section 110 of the Companies Act, 2013 and Rules madethereunder, the Postal Ballot Notice dated 12th February 2019 was sent to all theshareholders of the Company either in physical or electronic form, for seeking theirapproval by passing special resolution for special business listed therein. The despatch ofthe said notice was completed on 25th February 2019 and advertisement in this regard waspublished on 26th F'ebruary 2019 in the news papers. The voting pe"riod commenced on26th February 2019 (9.00 AM) and ended on 27th March 2019 (5.00 PM).

CA Sourjya Prakash Mohapatra, an independent practicing Chartered Accountant wasappointed as the Scrutinizer for conducting the postal ballot process in a fair andtransparent manner by the Board of Directors of the Company. The Scrutinizer aftercarrying out the scrutiny of votes casted electronically and through physical ballot formsupto close of working hours on 27th March 2019 submitted his report on zs» March 2019,a brief summary of which is presented below.

ITEM NO.1 RE-APPOINTMENT OF MR SUDHIR PRAKASH MATHUR(DIN:00173775) AS INDEPENDENT DIRECTOR OF THE COMPANY

Summary of Scrutinizer's Report:Promoter/Public No. of No. of % of votes No. of votes No. of votes % of votes in 0;'

shares votes polled on - in favour - against favour on aheld polled outstanding votes polled vo

I sharesI (1) (2) (3)=(2)/ (4) (5) (6)=[(4)/ (! I (1)*100 (2)]*100 (

Promoter and 14526124~4526124 100 14526124 0 100Promoter Group

-Public 59637

1

59637 100 14242 45395 23.88

LInstitutions

Public Non 5270067 5270067 100 5269153 914 99.98Institutions

Total 19855828 19855828 100 19809519 46309 99.771--'----

o of votesgainst ontes polled

7)=[(5)/2)]*100 I

~~

76.121

I

~_'o~~j0.231-~~~

Mr C R Ray, Actinq Chairman after receiving the Scrutinizer's Report announced that thefollowing resolution as set out in Postal Ballot Notice dated 12th February 2019 wasapproved and passed by the members with requisite majority as special resolution interms of the Scrutinizer's report dated 28th March 2019. The deemed date of passing ofSpecial Resolution is the last date specified for receipt of duly completed postal ballotforms or e-voting i.e. 27th March 2019.

"RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and any otherapplicable provisions of the Companies Act, 2013 ("Act") and the Companies(Appointment and Qualification of Directors) Rules, 2014' (including any statutoryrnodtflcatlont s) or re-enactment thereof for the time being in force) read with Schedule IVto the Act, Regulation 16(1)(b) and Regulation 17(lA) of the SEBI (Listing Obligations andDisclosure Requirements) Regulations, 2015, as amended, approval of the Members 0 ~!ft'-oo •••.

~c,::~.:lP'f!e -'K'8UCaJ .." , ~ ..~ •...•.

~ «'*88 ~

L_.

..

Company be and is hereby accorded for re-appointment of Mr Sudhir Prakash Mathur(DIN: 00173775) as an Independent Director of the Company for second term of 5 (Five)consecutive years with effect from pt April, 2019 and that he shall not be liable to retireby rotation.

RESOLVED FURTHER THAT the Board of Directors 9:!4!]o 427698=4!4284;<87!4286796=!»r!,Mr-!]u 6527:!4!]o 4257;699!4266796=!4266;895!»288757;27:!4!]o 42:!,9:!4!]o 427698=4!4284;<87!4286796=,Co-!]u 427698=4!4284;<87!4286796=!»r!!,r-!]u 4257;699!4266796=!4266;895!»r!,a-!]u 427698=4!4284;<87!4286796=!»r!,n-!]u 4267=65:!427659:=!4276=856!»r!,y-!]u 6:2<<!4!]»r!,be-!]u 5=26!4!]»r!,a-!]u 427698=4!4284;<87!4286796=!»r,and-!]u 6:2:8!4!]oi,as-!]u965256!4!]u 4267=65:!427659:=!4276=856!»r!,h-!]u 427698=4!4284;<87!4286796=!»erebyhur-!]u 1895288!1562;6!]oau ,th-!]u 4267=65:!427659:=!4276=856!»,fo-!]u 427698=4!4284;<87!4286796=!»riser!,d-!]u=5;296!4!]»r!,t-!]u 4267=65:!427659:=!4276=856!»,to-!]u86:2:8!4!]odo»r!,Mr-!]u 6527:!»r!,a-!]u 427698=4!4284;<87!4286796=!»r!,ll-!]5:7824<!4!]o 4267=65:!427659:=!4276=856!»rct,as-!]695=26!4!]»r!,and-!]u 652:<!4!]o r!,a-!]u 427698=4!4284;<87!4286796=!»k,th-!]u 4267=65:!427659:=!4276=856!»r!,e-!]u 6:2<<!4!]o 4257;699!4266796=!4266;895!»r!,a-!]u 4267=65:!427659:=!4276=856!»r!,ll-!]59652<8!4!]u 4257;699!4266796=!4266;895!»r!,a-!]u 427698=4!4284;<87!4286796=!»u!,a-!]u 4267=65:!427659:=!4276=856!»c!,th-!]u;652<8!4!]u 427698=4!4284;<87!4286796=!»step!,rs-!]u5992=6!4!]or!,a-!]u 4267=65:!427659:=!4276=856!»s,ll-!]5:7824<!4!],!,tm-!]u 4257;699!4266796=!4266;895!»ay!,e-!]u :268!4!]o 4267=65:!427659:=!4276=856!»r!,be-!]u:2;26<!4!]o 427698=4!4284;<87!4286796=!»r!,n-!]u 4267=65:!427659:=!4276=856!»ec,tm-!]u 4257;699!4266796=!4266;895!»r!,e-!]u 4267=65:!427659:=!4276=856!»ss,tm-!]u 4257;699!4266796=!4266;895!»a,fo-!]u 427698=4!4284;<87!4286796=!»r!,r-!]u 4257;699!4266796=!4266;895!»y!,e-!]u 4267=65:!427659:=!4276=856!»ril,-!]9 6=26<!4!],!,Ap-!]u 427698=4!4284;<87!4286796=!»r!,t-!]u 4267=65:!427659:=!4276=856!»!!,r-!]u 4257;699!4266796=!4266;895!»r!,e-!]u 427698=4!4284;<87!4286796=!»r,rs-!]u<:268!4!]o 4267=65:!427659:=!4276=856!»,fo-!]u 427698=4!4284;<87!4286796=!»r!,r-!]u 582<<!4!]o 4267=65:!427659:=!4276=856!»expr!,e-!]u 427698=4!4284;<87!4286796=!»dier!,nt-!]187!1;4288!1562;6!]ot,to-!]u86:2:8!4!]ogr!,i-!]u 4267=65:!427659:=!4276=856!»r!,ve-!]6189526<!4!]o 427698=4!4284;<87!4286796=!»efr!,f-!]u 4267=65:!427659:=!4276=856!»!,fe-!]u 427698=4!4284;<87!4286796=!»rr!,t-!]u765256!4!]u 4267=65:!427659:=!4276=856!»t,to-!]u85828!4!]o ,th-!]u 427698=4!4284;<87!4286796=!»r!,i-!]u 4267=65:!427659:=!4276=856!»r!,s-!]u 5;296!4!]»!,er-!]u 4257;699!4266796=!4266;895!»r!,i-!]u 4267=65:!427659:=!4276=856!»r!,s-!]o 4257;699!4266796=!4266;895!»r!,9:!4!]o 427698=4!4284;<87!4286796=lu ,t-!]u 427698=4!4284;<87!4286796=!»i!,s-!]o 4257;699!4266796=!4266;895!»rr!,n-!]u 4267=65:!427659:=!4276=856!»."on.-!]u 5 6521;27:!44<!]o 454=!]3M53M44!54!]q+'!,e-!]u 6:2<<!4!]o 4257;699!4266796=!4266;895!»F!,n-!]u 4267=65:!427659:=!4276=856!»7&!,s-!]o 4257;699!4266796=!4266;895!»3!,n-!]u 4267=65:!427659:=!4276=856!»E!,s-!]o 4257;699!4266796=!4266;895!»ED;CHB7CH,to-!]u685:2<!4!]oD8l,-!]u 5828!4!]o97C7F3!,n-!]u 4267=65:!427659:=!4276=856!»A!,n-!];62<<!4!]o 4257;699!4266796=!4266;895!»G!,n-!]u 4267=65:!427659:=!4276=856!»:!,s-!]o 4257;699!4266796=!4266;895!»3C=3F!,n-!];97727:!4!]oFDL5:DK6:IFL"F7H6'!,n-!]u 4267=65:!427659:=!4276=856!»%on.

a ,THAT-!]u 7824<!4!]qpursuar!,nt-!]965:276!4!]ot,to-!]u 5:276!4!]o5!»288757;76=26<!4!],prov!,f-!]u 4267=65:!427659:=!4276=856!»i!,s-!]o 4257;699!4266796=!4266;895!»r!,a-!]u 427698=4!4284;<87!4286796=!»i!,s-!]o 4257;699!4266796=!4266;895!»o,!,rs-!]u< u 6527:!»o!»r!,Mr-!]7824<!4!]qSect!,f-!]u 4267=65:!427659:=!4276=856!»i!,s-!]o 4257;699!4266796=!4266;895!»o,!,rs-!]u 65256!4!]o149ril,-!]u 6=2;:!4!]o150ril,-!]u 5;296!4!]»152288757;27982=:!4!]or!,and-!]u95=26!4!]»r!y288757;27982=:!4!]oo!,f-!]u 4267=65:!427659:=!4276=856!» ,t-!]u 4257;699!4266796=!4266;895!»!»288757u 427698=4!4284;<87!4286796=!»r!,r-!]u 1856288!15628<!]u 4257;699!4266796=!4266;895!»r!,a-!]u 4267=65:!427659:=!4276=856!»!!,r-!]u 4257;699!4266796=!4266;895!»p!,i-!]u 427698=4!4284;<87!4286796=!»ri!,s-!]o 4257;699!4266796=!4266;895!»cr!,a-!]u 4267=65:!427659:=!4276=856!»r!,b-!]u 427698=4!4284;<87!4286796=!»l,er-!]u 4257;699!4266796=!4266;895!»eVED-!]u85:276!4!]op!,i-!]u 4267=65:!427659:=!4276=856!»!,er-!]u 4257;699!4266796=!4266;895!»ov!,f-!]u 4267=65:!427659:=!4276=856!»i!,s-!]o 4257;699!4266796=!4266;895!»rions,tm-!]u85:276!4!]oor!,f-!]u 65256!4!]or!,t-!]u 4267=65:!427659:=!4276=856!»h,er-!]u 4257;699!4266796=!4266;895!»etatntaerandtcerPercaa5il,asatma rsFURTHERTHATthe

shares(1) (2) I (3)=(2)/ i (4)

I(5)

(1)*100--- 1~-- 145i61241-- - 100 - 14526124

-Promoter and 14526124 0Promoter Group

! --<~Public I 59637 59637 100 14242 45395

! Institutions II

I Public NO;;--L - -

5271804 5271804 100 5270520 1284Institutions

Total 19857565 19857565 100 19810886 46679

(6);=[(4)/(2)]*100

(7)=[(5)/(2)]*100

+--100 ~

-23.88 76.12

99.98 0.02

99.76 0.24oj

Mr C R Ray, Acting Chairman after receiving the Scrutinizer's Report announced that thefollowing resolution as set out in Postal Ballot Notice dated 12th February 2019 wasapproved and passed by the members with requisite majority as special resolution interms of ttre Scrutinizer's report dated 28th March 2019. Th~ deemed date of passing ofSpecial Resolution is the last date specified for receipt of duly completed postal ballotforms or e-voting i.e. 27th March 2019.

"RESOLVED THAT pursuant to applicable provisions of the Companies Act, 2013 and rulesmade thereunder including any statutory modification(s) or re-enactment thereof,Regulation 17( 1A) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 and in accordance with the provisions of SEBI (Listing Obligations andDisclosure Requirements) (Amendment) Regulations, 2018, approval of the Members ofthe Company be and is hereby accorded to Major Rabinarayan Misra(Retd.) (DIN:00146138), Non-Executive and Independent Director of the Company, who has alreadyattained the age of 75 (seventy five) years to continue as an Independent Director of theCompany till the expiry of his existing term i.e upto 25th July, 2021.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is herebyauthorised to do all acts and take all such steps as may be necessary, proper or expedientto give effect to this resolution."

4. APPROVAL FOR CONTINUATION OF MR NALINI RANJAN MOHANTY (DIN:00237732) AS AN INDEPENDENT DIRECTOR

Summary of Scrutinizer's Report:-

IPromoter/Public No. of No. of % of votes No. of votes No. of votes % of votes in % of votesshares votes polled on - in favour - against favour on against on

held polled outstanding votes polled votes polledshares

(1) (2) (3)=(2)/ (4) (5) (6)=[(4)/ (7)=[(5)/(1)*100 (2)]*100 (2)]*100

Promoter and 14526124 14526124 100 14526124 0 100 0Promoter Group

.Public 59637 59637 100 14242 45395 23.88 76.12Institutions

Public Non 5270088 5270088 100 5268769 1319 99.98 0.02Institutions

Total 19855849 19855849 100 19809135 46714 99.76 0.24

Mr.C R Ray, Acting Chairman after receiving the Scrutinizer's Report announced that thefollowing resolution as set out in Postal Ballot Notice dated 12th February 2019 wasapproved and passed by the members with requisite majority as special resolution interms of the Scrutinizer's report dated 28th March 2019. The deemed date of passing ofSpecial Resolution is the last date specified for receipt of duly completed postal ballotforms or e-voting i.e. 27th March 2019. __ -r7'"_

"RESOLVED THAT pursuant to applicable provisions of the Companies Act, 2013 and rulesmade thereunder including any statutor.y modification(s) or re-enactment thereof,Regulation 17( lA) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 and in accordance with the provisions of SEBI (Listing Obligations andDisclosure Requirements) (Amendment) Regulations, 2018, approval of the Members ofthe Company be and is hereby accorded to Mr Nalini Ranjan Mohanty (DIN: 00237732),Non-Executive and Independent Director of the Company, who will attain the age of 75(seventy five) years on 8th November, 2019 to continue as an Independent Director of theCompany till the expiry of his existing term i.e upto 25th July, 2021.

RESOLVED FURTHER THAT the Board of Directors of the Company be and is herebyauthorised to do all acts and take all such steps as may be necessary, proper or expedientto give effect to this resolution ,"

CHAIRMAN (QAItf<:),~ Gw'For Indian Met s& F~rroAlloys Ltd.

(Prem andelwal)CFO & Company Secretary