Bihar Sponge Iron Ltd — Updates, 23-05-2025: Company Update

Bihar Sponge Iron Limited has submitted its Annual Secretarial Compliance Report for the year ended March 31, 2025. The report confirms overall compliance with applicable corporate and securities laws, good board processes, and timely policy updates. However, promoter shareholding dematerialization remains incomplete at 47.95%, with management actively working to convert the remaining shares held by Moderate Leasing and Capital Services Limited, which are currently pledged. No penalties or regulatory actions were imposed during the period. The company maintains proper documentation, disclosure practices, and board performance evaluations, supporting governance transparency and shareholder interests.