Facor Alloys Ltd — Others, 09-06-2025: AGM/EGM

Facor Alloys Limited has announced a board meeting to seek member approval via postal ballot for two key items. First, the Company proposes to sell or dispose of its plant and machinery at Shreeramnagar, Vizianagaram, Andhra Pradesh, where manufacturing has ceased since October 2023. The sale aims to address pressing liabilities of ₹81.22 Cr as of March 2025, with the plant’s written down value at ₹5.78 Cr. Proceeds will help repay debt and reduce interest expenses, strengthening financial stability. Second, the Company will seek approval for the re-appointment of Mr. Ashish Santosh Agrawal as Whole-time Director for three years without remuneration, reflecting his voluntary decision given the Company’s current financial position.