Pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board at its meeting held today i.e. on November 12, ....
Awaiting price reaction for this filing.
Chase Bright Steel Ltd's Board approved unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations collapsed to Rs 15.54 lakhs in Q2 FY26, down from Rs 42.79 lakhs in Q2 FY25, while half-year revenue fell to Rs 17.43 lakhs vs Rs 59.46 lakhs last year. The company posted a net loss of Rs 36.72 lakhs in Q2 and Rs 50.21 lakhs in H1 FY26. Other equity is deeply negative at Rs (1,638.69) lakhs, and the company paid Rs 27.24 lakhs as reinstatement fees/penalties to BSE to lift the trading suspension, with resumption expected in Q3 FY26. The auditor flagged a material uncertainty on the company's ability to continue as a going concern, citing accumulated losses exceeding paid-up capital, current liabilities exceeding current assets, no manufacturing facility, and most workers having left.
Significant negative — the company is loss-making, nearly insolvent on a net-worth basis, reliant on borrowings to fund operations, and faces going-concern doubt. However, the reinstatement of trading on BSE in Q3 FY26 may improve liquidity for existing shareholders.