Bihar Sponge Iron Ltd — Board Meeting, 12-08-2025: Board Meeting

Bihar Sponge Iron's board has approved its financial results for the first quarter, reporting a profit of 2.12 Cr. The board also approved the re-appointment of Mrs. Kumkum Modi as a Non-Executive Non-Independent Director and the appointment of M/s Soniya Gupta & Associates as Secretarial Auditors for five years, both awaiting shareholder approval. Additionally, M/s. M.K. Singhal & Co. was re-appointed as Cost Auditors and M/s. Sarat Jain & Associates as Internal Auditors for FY25-26. Auditors noted no provision for a 2.15 Cr penalty from SECL, with the company pursuing further legal steps. Significant unprovided interest of 55.27 Cr on a Jharkhand government loan and an unquantified settlement sought for promoter loans could impact future financials.