outcome of Board Meeting which commenced on Tuesday, 18th November 2025 at 04:00 PM and conclude on Saturday, 22nd November, 2025 at 7:00 PM at the corporate office of the Company for adoption ....
Awaiting price reaction for this filing.
Ashiana Ispat Limited submitted its audited financial results for Q4 and FY ended March 31, 2025, which received a Qualified Opinion from statutory auditor Khiwani Sood & Associates. The company reported a loss before tax of Rs. 1,625.20 lakhs versus a profit of Rs. 200.10 lakhs in the previous year, with other equity turning negative at Rs. (1,591.61) lakhs versus positive Rs. 3,072.91 lakhs. The company recognized a major impairment loss of Rs. 1,967.06 lakhs on plant and machinery as production came to a standstill from Q2 FY25 due to plant relocation. Total borrowings of Rs. 6,954.02 lakhs were classified as NPA by lenders; the SBI loan of Rs. 4,749.47 lakhs was settled under OTS at Rs. 4,310 lakhs, generating a Rs. 439.47 lakh gain on settlement.
Significant red flags for shareholders — the auditor flagged material uncertainty on going concern, company is classified as NPA by banks, production has been halted for multiple quarters, and equity has turned negative. Multiple ongoing litigations (Kamdhenu trademark, Kotak fraud case, SEBI complaints, NCLT insolvency petition) add further risk. Stock should be treated as high-risk until operations resume and lenders regularize accounts.