Ashiana Ispat

Ashiana Ispat Limited posted a net loss of Rs 4,669.38 lakhs for the year ended March 31, 2025, compared to a profit of Rs 147.18 lakhs in the previous year, with production halted since Q2 due to plant relocation. The company settled its Rs 4,749.47 lakh SBI loan for Rs 4,310 lakhs under a one-time settlement scheme and faces multiple legal challenges including NCLT proceedings and SEBI complaints regarding preferential allotment.

Ashiana Ispat Limited's board approved unaudited standalone financial results for the quarter and financial year ended March 31, 2025, during a meeting held from November 18-22, 2025. The board also discussed a settlement proposal with Yes Bank Limited regarding the company's loan account classified as Non-Performing Asset (NPA) in the bank's books.

Ashiana Ispat Limited's Board of Directors held a meeting from October 9-11, 2025, addressing several key business matters. The Board approved the appointment of Anand and Anand Associates as legal counsel to handle ongoing litigation matters, including trademark and intellectual property cases. The company discussed the current status of litigation regarding its trademark 'AL Kamdhenu Gold' and reviewed progress on its strategic partnership with Legend Group. The Board also evaluated the performance of the 'AL Kamdhenu Gold' brand across India and discussed a proposal to relocate the corporate office from Pitampura to Ansal Plaza Khelgaon in New Delhi. Significantly, the company disclosed that multiple banks including State Bank of India, Yes Bank, and Kotak Mahindra Bank have classified its accounts as Non-Performing Assets (NPA). The company is in ongoing discussions with these lenders regarding settlement through restructuring mechanisms or other measures. The proposed appointment of Mr. Tarun Jain as Additional Director was not discussed due to his voluntary withdrawal from consideration. Discussion of audited financial results for the quarter and year ended March 31, 2025, was postponed to the next board meeting.