Bihar Sponge Iron Ltd — Important, 04-05-2026: Company Update

Bihar Sponge Iron has received a Demand Notice from M/s Gohil Enterprises Private Limited under the Insolvency and Bankruptcy Code, citing an alleged unpaid operational debt of Rs. 1.98 Cr. The company is actively reviewing this matter and pursuing legal action. Importantly, Bihar Sponge Iron has neither acknowledged nor admitted the claim, clarifying it does not recognize any liability. This notice represents a new legal challenge regarding an operational payment, which shareholders should monitor.