Nilachal Refractories Ltd — Important, 19-08-2025: Company Update

Nilachal Refractories' Board has approved the financial results for the quarter ending June 30, 2025. The company reported a net loss of ₹0.42 Cr for the quarter, with total liabilities exceeding assets resulting in a negative net worth of ₹28.36 Cr. This highlights significant financial challenges and raises concerns about its ability to continue operations. Additionally, the company announced key management changes: Mr. Sukomal Kanti Guha resigned as Company Secretary & Compliance Officer, replaced by Mr. Vijay Kumar Gupta. Mr. Dukhabandhu Prusty also resigned as CFO, with Mr. Jugal Kumar Sharma appointed as the new CFO.