Shirpur Gold Refinery Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The Resolution Professional Committee of Shirpur Gold Refinery Limited held a meeting to review the un-audited financial results for the second quarter and half-year of FY 2024-25, ending September 30, 2024. The results revealed a total revenue of approximately ₹0.32 crore and a net loss of ₹11.65 crore for the quarter, reflecting ongoing challenges in operations since their suspension in February 2020. The financial position remains strained, with total liabilities reaching ₹53,625.96 crore and equity at a deficit of ₹28,696.73 crore. The company is in the Corporate Insolvency Resolution Process (CIRP), suspending its board powers.