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.

Bihar sponge iron Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations 2018. The certificate covers the quarter ended 31st March, 2026, and was filed on 8th April, 2026.

Regulatory Compliance Details

The certificate was prepared and issued by M/s. Beetal Financial & Computer Services (P) Ltd., which serves as the company's SEBI-approved registrar and share transfer agent. Beetal Financial holds SEBI registration number INR 000000262 as a category I registrar and share transfer agent.

Certificate Confirmations

The compliance certificate confirms several key regulatory requirements were met during the quarter. Beetal Financial confirmed that all securities received from depository participants for dematerialization during March 2026 were properly processed and confirmed to the depositories.

The registrar also verified that:

• Securities comprised in dematerialization certificates have been listed on stock exchanges where previously issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners within the mandatory 15-day timeline

Corporate Information

Bihar Sponge Iron Limited operates from its registered office and plant located at Umesh Nagar, Chandil-832401, in Saraikela-Kharsawan district of Jharkhand. The company secretary and compliance officer, Vimal Prasad Gupta (FCS 6380), signed the submission to BSE Limited.

Filing Process

The certificate was initially prepared by Beetal Financial on 3rd April, 2026, and subsequently forwarded by Bihar Sponge Iron Limited to BSE Limited on 8th April, 2026. This quarterly filing is mandatory under SEBI regulations to ensure transparency in dematerialization processes and maintain investor protection standards.

The submission references multiple regulatory circulars, including NSDL/CIR/II/5/2019 dated 25/01/2019, CDSL/OPS/RTA/POLCY/2019/14 dated 25/01/2019, and SEBI letter ref no.MRD/DOP2/DSA2/OW/2019/2498/1 dated 24/01/2019, demonstrating compliance with comprehensive regulatory frameworks governing depositories and participants.