India Steel Works Ltd — Board Meeting, 31-07-2025: Board Meeting

India Steel Works reported a net loss of ₹1.48 Cr for the quarter on minimal revenue. The company has entered a Joint Venture, LLOYDS IHL LLP, to develop its land at Khopoli, now listed as "Assets Held for Sale." Crucially, auditors have issued an adverse conclusion, casting significant doubt on the company's ability to continue operating. They cite severe issues including current liabilities exceeding assets, ceased operations, and a major overstatement of assets, including unvalued inventories exceeding ₹135 Cr and an unapproved insurance claim.