Disclosure of Demurrage Charges imposed by South Eastern Railway.
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Bihar Sponge Iron Ltd has disclosed that South Eastern Railway imposed demurrage charges of Rs. 4,33,708 (including applicable taxes) on the company. The charges were levied for excess detention of an inward rake at the BSIM/MIK siding. The order was received on 7th April 2025 and disclosed to BSE on 8th April 2025 under SEBI Listing Regulations. The company has stated that the financial impact is limited to the charge amount and that this is a routine nature levy by the Railway, disclosed only as good corporate practice.
The financial impact is negligible (under Rs. 5 lakhs) and the company itself calls it routine. This is unlikely to affect the stock price or shareholder value in any meaningful way.