Ashiana Ispat

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.

Ashiana Ispat Limited announced the resignation of Ms. Apeksha Grover as Company Secretary and Compliance Officer, effective August 31, 2025. Ms. Grover holds membership number A53582 and has no relationships with other directors of the company. The announcement was signed by Managing Director Puneet Jain on September 8, 2025.

Ashiana Ispat has reported high demand for its product 'Al Kamdhenu Gold'. The company is moving forward with agreements with independent units across India to expand its reach.