Bihar Sponge Iron Limited has announced the appointment of Mr. Om Prakash Jangir as Vice President-Commercial, marking a significant addition to its senior management team. The company informed BSE Limited about this appointment on April 29, 2026, in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Details

The appointment will become effective from May 1, 2026. The company has made this disclosure following the requirements of SEBI Master Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Professional Background

Mr. Om Prakash Jangir brings substantial experience to his new role, having worked for 27 years in managerial and administrative capacity across large projects. His expertise spans key operational areas including plant operations, strategy, and technology management.

Educational and Current Role

Mr. Jangir holds an M.Com (Accounts) degree from the University of Ajmer, Rajasthan. He is currently associated as Plant Head with DD Steel & Power Ltd., Seraikela, where he has been contributing significantly to organizational growth and operational efficiency.

Regulatory Compliance

The appointment notification was signed by Vimal Prasad Gupta, Company Secretary and Compliance Officer of Bihar Sponge Iron Limited. The company has confirmed that there is no relationship between Mr. Om Prakash Jangir and the existing directors of the company, ensuring compliance with corporate governance requirements.

This strategic appointment reflects Bihar Sponge Iron Limited's commitment to strengthening its commercial operations with experienced leadership as the company continues its operational activities from its registered office and plant located at Umesh Nagar, Chandil, in Jharkhand.

Bihar Sponge Iron Limited has received a demand notice under the Insolvency and Bankruptcy Code, 2016, from M/s Agarwal Coal Corporation Private Limited regarding an alleged unpaid operational debt. The company disclosed this development to BSE Limited on April 14, 2026, in compliance with SEBI listing regulations.

Demand Notice Details

The demand notice pertains to a substantial financial claim that requires regulatory disclosure due to its materiality.

Company's Response and Position

Bihar Sponge Iron Limited has taken a clear stance regarding the demand notice. The company has stated that it neither acknowledges nor admits the claim made by Agarwal Coal Corporation Private Limited. Additionally, the company has not recognized any liability in respect of the alleged debt.

The matter is currently under review, and the company is in the process of taking appropriate legal steps to address the situation. This approach indicates the company's intention to contest the claim through proper legal channels.

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that considering the materiality of the amount involved, this disclosure was necessary for compliance purposes.

Key aspects of the disclosure include:

• The intimation is made purely for disclosure purposes
• It should not be construed as acceptance of liability by the company
• The disclosure ensures transparency with stakeholders regarding material developments

Corporate Information

The disclosure was signed by Vimal Prasad Gupta, Company Secretary and Compliance Officer of Bihar Sponge Iron Limited. The company's registered office and plant are located at Umesh Nagar, Chandil, in the Saraikela-Kharsawan district of Jharkhand.