Zenith Steel Pipes & Industries Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Zenith Steel Pipes' board approved Q1 consolidated financial results. The company appointed M/s. Varun Kabra & Associates as its new Secretarial Auditor, replacing M/s. Anil Somani & Associates. However, auditors flagged major concerns: significant accumulated losses and eroded net worth cast serious doubt on the company's ability to continue as a 'going concern'. They also noted non-compliance with deposit rules and issues verifying various balances and inventories. The company is addressing ₹168.85 Cr in secured bank loans via an MOU, while banks pursue ₹193.19 Cr recovery through SARFAESI action.