Bihar Sponge Iron Ltd (BIHARSPONG) — FY26 Annual Report | 3 September 2026 (2 announcements)

Bihar Sponge Iron Limited (BIHARSPONG) held its 44th Annual General Meeting on 28 September 2026 via video conference. The meeting approved the audited financial statements for FY 2025-26, reappointed Mr. Jayesh Modi as Director, and ratified material related party transactions with Moderate Leasing & Capital Services Limited. No dividend was proposed due to past losses. The company highlighted ongoing plant revival efforts under a new operator (Amalgam Steel & Power Limited) and disclosed significant legal disputes regarding coal supply and penalties. The financial report showed a profit of ₹1,133.23 lakhs for the year, though it noted contingent liabilities including pending litigation and potential penalties.

Bihar Sponge Iron Limited (BIHARSPONG) announced its 44th Annual General Meeting (AGM) to be held on 28 September 2026 via video conferencing, along with the Annual Report for FY 2025-26. The filing includes details of resolutions to adopt audited financial statements, re-appoint director Jayesh Modi, approve material related party transactions with Moderate Leasing & Capital Services Limited, and ratify cost auditor remuneration. The company reported a profit of ₹1,133.23 lakhs for FY 2025-26, with no dividend proposed due to past losses. Key risks include coal supply disruptions, legal disputes over coal penalties, and pending insolvency proceedings. The Board emphasized cautious optimism about the sponge iron sector's growth, supported by infrastructure demand, while highlighting operational revival plans through a new Facility User Agreement with Amalgam Steel & Power. The report also detailed governance practices, CSR activities, and compliance with SEBI and MCA regulations.