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

Zenith Steel Pipes & Industries' board approved its consolidated financial results for the quarter ended June 30, 2025. Auditors issued a qualified conclusion, citing material non-compliance regarding public deposits, unconfirmed financial balances, and frozen bank accounts. They emphasized significant accumulated losses and eroded net worth, raising substantial doubt about the company's ability to continue as a going concern. The board also appointed Varun Kabra & Associates as the new Secretarial Auditor for five years, subject to shareholder approval, following the resignation of Anil Somani & Associates.