Bihar Sponge Iron Ltd — Important, 25-05-2026: Company Update

Bihar Sponge Iron Limited filed its Annual Secretarial Compliance Report, confirming adherence to most applicable SEBI regulations and good corporate practices. The report identified a key non-compliance: only 47.95% of promoter and promoter group shares are in dematerialized form, short of the 100% requirement. The company is actively working with promoters, including for 32,500,300 pledged shares of Moderate Leasing and Capital Services, to complete the dematerialization process. This ongoing effort is important for the company's governance and shareholder transparency.