Bihar Sponge Iron Ltd — Updates, 08-05-2025: Company Update

Bihar Sponge Iron Limited has submitted a fresh compounding application to the Income Tax Authority related to delay in deposit of Tax Deducted at Source (TDS) for FY 2013-14 and 2014-15, addressing previous rejections due to procedural issues. The matter involves ongoing criminal proceedings initiated by the Income Tax Department. The company does not anticipate any significant financial impact from this issue, based on legal counsel and the scale of its operations. This update indicates proactive management of legacy tax compliance matters with no expected disruption to business.