Facor Alloys Ltd — Important, 12-06-2026: Company Update

Facor Alloys Limited's auditors issued a disclaimer on the consolidated financial results for the year ended March 31, 2026, citing insufficient audit evidence from an overseas subsidiary following a management change. A significant concern exists regarding the company's ability to continue operations, as manufacturing ceased in October 2023, resulting in minimal revenue and three consecutive years of losses. The company reported a net loss of 14.80 Cr and revenue of 1.47 Cr for the year. Shareholders approved divesting plant and machinery, receiving an advance of 27.97 Cr, though the sale is not yet finalized.