Facor Alloys Ltd — Board Meeting, 20-05-2025: Board Meeting

Facor Alloys has announced a board meeting approving the audited financial results for the quarter and year ended March 31, 2025. The company reported a significant net loss of ₹50.21 Cr for the year, reflecting ongoing suspension of its manufacturing operations since October 2023, resulting in minimal revenue mainly from by-product sales. Exceptional items include a ₹23.27 Cr loss from a claim by Tata Steel Ltd related to raw material shortages, partly settled through bank guarantees, payments, and trade receivable adjustments. The sale of excess anthracite coal generated a non-recurring profit of ₹0.62 Cr. The company is exploring options to resume operations, with promoter funding support. The board approved in-principle asset monetisation and reappointed the Whole-time Director for three years, along with new secretarial and internal auditors.