Abha Power and Steel Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Abha Power and Steel has announced a board meeting to approve the financial results for the quarter and half-year. The company confirmed Rs 6.13 Cr was spent on modernizing manufacturing, Rs 3 Cr on working capital, and Rs 2.94 Cr on corporate purposes from IPO proceeds, with the balance earmarked for future use. Audited results show a solid financial position and effective internal controls. No changes in management or new strategic moves were reported.