Shah Alloys Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

Shah Alloys has announced a board meeting where it approved the financial results for the quarter ended June 30, 2025. The company reported a consolidated net loss of Rs 2.32 Cr on revenue of Rs 23.64 Cr. A key strategic decision was the closure of its Iron & Steel plant by August 2025 due to technology obsolescence and persistent losses. Auditors highlighted concerns regarding the company's going concern status and non-provisioning for interest and asset impairments. Smt Nipa Jairaj Shah was appointed Independent Director, and Shri Ashok Sharma's directorship was continued. The 35th Annual General Meeting is scheduled for September 26, 2025.