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Zenith Steel Pipes & Industries Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported total income of Rs. 12.63 Cr with a net loss after tax. The board resolved legacy issues including a one-time settlement of Rs. 7 Cr with Canara Bank, which resulted in an exceptional income write-back of Rs. 23.17 Cr. Legal proceedings continue with a Corporate Insolvency Resolution Process petition against a debtor for recovery of Rs. 8.66 Cr. Provisions for doubtful advances have affected the financial position.
All announcements from Zenith Steel Pipes & Industries Limited