BSEMideast Integrated Steels LtdHighNeutral
Announced Tue, 4 Aug, 2026 · 17:23 IST
MESCO Steel posts Q1 loss, auditor flags going concern risk
Going ConcernQualified OpinionEmphasis Of MatterPat NegativeRevenue DeclineRelated Party TransactionsResults View source PDFExplain this filing
Price reaction
Awaiting price reaction for this filing.
AI summary
Standalone loss of Rs 120.96 Mn with zero revenue from operations. Consolidated loss of Rs 379.25 Mn on revenue of Rs 1,530.37 Mn (down from Rs 2,098.81 Mn year ago). Auditor flagged going concern doubts. Supreme Court dismissed curative petition on Rs 924.75 Cr mining compensation. Mines shut since January 2018.
Likely market impact
Serious going concern risk; Rs 924.75 Cr court liability unresolved; no core operations since 2018.