Bihar Sponge Iron Ltd — Updates, 12-08-2025: Company Update

Bihar Sponge Iron Limited has announced the financial results for the quarter ended June 30, 2025, reporting a profit of Rs. 2.12 Cr on net revenue of Rs. 77.50 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 pending shareholder approval. Re-appointments for Cost and Internal Auditors for FY25-26 were also approved. Auditors highlighted significant unprovisioned liabilities, including a Rs. 2.15 Cr coal penalty and Rs. 82.73 Cr in unprovided interest on a government loan, which could impact future financials.