Shah Alloys Limited — Board Meeting, 21-07-2025: Outcome of Board Meeting

Shah Alloys' Board has approved the complete shutdown of its Iron & Steel Plant operations at Santej, Gujarat. This critical decision addresses the plant's uncompetitiveness due to aging tech and rising costs, which led to continuous losses. For FY25, this plant, representing 100% of the company's operating revenue (₹267.28 Cr), recorded a ₹27.29 Cr loss and comprised the company's entire ₹40.30 Cr net worth. The company aims to complete the closure within a month and plans to explore new business avenues.