Nilachal Refractories Ltd — Updates, 14-08-2025: Company Update

Nilachal Refractories has released its financial results for the quarter ended June 30, 2025, approved by its board. The company posted a net loss of Rs. 0.42 Cr, with total liabilities exceeding assets, leading to a negative net worth of Rs. 28.36 Cr. Management plans to secure a strategic investor, diversify operations, and reduce costs. However, auditors expressed significant doubt about the company's ability to continue as a going concern, citing continued losses. They also noted issues like an unrecorded impairment loss, unfunded employee benefits, and unprovided cumulative dividends and premium on preference shares.