Bihar Sponge Iron Receives IBC Demand Notice for Alleged Unpaid Operational Debt of ₹1,97,94,250

Bihar Sponge Iron Limited has disclosed, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it received an email on 4th May, 2026 containing a Demand Notice in Form-3 dated 30th April, 2026 under the Insolvency and Bankruptcy Code, 2016. The notice was issued by M/s Gohil Enterprises Private Limited in respect of an alleged unpaid operational debt. The disclosure was filed with BSE Limited on 5th May, 2026.

Details of the Demand Notice

The key details of the demand notice received by Bihar Sponge Iron are summarised below:

Parameter:	Details
Notice Type:	Demand Notice in Form-3
Notice Date:	30th April, 2026
Email Received On:	4th May, 2026
Issued By:	M/s Gohil Enterprises Private Limited
Nature of Claim:	Alleged unpaid operational debt
Amount Claimed:	₹1,97,94,250 (Rupees One Crore Ninety Seven Lakhs Ninety Four Thousand Two Hundred Fifty Rupees Only)
Applicable Law:	The Insolvency and Bankruptcy Code, 2016

Company's Position

Bihar Sponge Iron has stated that the aforesaid matter is currently under review and that the company is in the process of taking legal steps in this regard. The company has explicitly clarified that it has neither acknowledged nor admitted the said claim and has not recognized any liability in respect thereof.

The disclosure to BSE Limited was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, given the materiality of the amount involved. The company further noted that this intimation is being made purely for disclosure purposes and should not be construed as acceptance of liability.

The disclosure was signed by Vimal Prasad Gupta, Company Secretary and Compliance Officer of Bihar Sponge Iron, on 5th May, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.34%	+0.68%	+23.12%	+19.61%	+23.53%	+204.35%

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.

Parameter:	Details
Position:	Vice President-Commercial
Effective Date:	May 1, 2026
Age:	51 years
Experience:	27 years

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.