Shah Alloys (SHAHALLOYS) — Board Meeting

Shah Alloys Limited announced the outcome of its May 30, 2026 board meeting, approving audited standalone and consolidated financial results for FY2025-26, which include a qualified audit opinion due to material uncertainty around going concern following the August 2025 shutdown of its loss-making Santej iron and steel plant in Gujarat. The results reflect significant exceptional gains from asset sales and disinvestments, including ₹1,691.53 crores from a Rolling Mill sale, ₹5,347.68 crores from plant and machinery, and ₹1,398.41 crores from SAL Steel share disinvestment, alongside a ₹723.77 crore liability waiver from HDFC Bank. Despite these gains, the company reported a ₹19.38 crore net loss after tax and negative earnings per share of [amount context mismatch], with auditors unable to confirm going concern status. The appointment of M/s G M C A & Co. as internal auditor was also ratified.

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About Shah Alloys Limited (SHAHALLOYS)

Metals & Mining · Steel · Listed on NSE

Market Cap: ₹221.34 Cr P/E: 5.8 ROE: -494.5% ROCE: 93.3%

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