Facor alloys Limited has submitted its quarterly compliance certificate to BSE Limited for the quarter ended 31st March, 2026. The submission was made on 7th April 2026 by Company Secretary and Compliance Officer Sachin Kumar Gupta, ensuring adherence to regulatory requirements under SEBI depositories regulations.

Regulatory Compliance Certificate

The certificate was issued pursuant to regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. Mas Services Limited, serving as the company's Registrar and Share Transfer Agent, provided the compliance confirmation dated 2nd April 2026.

Dematerialization Process Compliance

Mas Services Limited confirmed that all securities received from Depository Participants for dematerialization during the quarter were processed within regulatory timelines. The registrar verified that securities received for dematerialization were confirmed to depositories within 15 days of receipt from participants.

The compliance certificate outlined key procedural adherences:

• Security certificates received for dematerialization were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners within 15 days
• Updates were communicated to depositories and stock exchanges within the stipulated timeframe
• Register of members was updated accordingly

Corporate Information

Facor Alloys Limited operates with its registered office and works located at Shreeramnagar-535 101, District Vizianagaram, Andhra Pradesh. The company maintains its corporate office at Polyplex Building, Tower-B, Ground Floor, B-37, Sector-1, Noida. The submission demonstrates the company's commitment to maintaining regulatory compliance and transparent reporting practices as required by SEBI regulations.

Facor Alloys Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 14, 2026, with the meeting commencing at 12:25 p.m. and concluding at 1:15 p.m.

Financial Performance Overview

The company reported revenue from operations of ₹27.31 lakhs for Q3 FY26, marking a significant improvement from nil revenue in the previous quarter. However, the company continues to face operational challenges due to plant operations being shut down since October 31, 2023.

Operational Challenges and Strategic Decisions

The company's plant operations have been shut down with effect from October 31, 2023, significantly impacting revenue generation. After evaluating various strategic options for revival of operations, management has decided to divest the plant and machinery. Shareholders' approval for the sale of plant and machinery was obtained through postal ballot on July 10, 2025.

Plant Machinery Divestment Progress

The company has made significant progress in its asset divestment strategy. An advance payment of ₹24.97 crore has been received from the purchaser for the proposed sale of plant and machinery. However, as at the reporting date, the definitive sale agreement has not been finalized and the transfer of risks and rewards of ownership has not occurred.

Employee Benefit Expenses and Labour Code Impact

During the quarters of FY 2025-26, employee benefit expenses included voluntary compensation paid to employees separated under the company's Voluntary Retirement Scheme (VRS). The company also recognized incremental impact relating to gratuity of ₹6.52 lakhs and long-term compensated absences due to new Labour Code implementations following the Government of India's notification of four Labour Codes in November 2025.

Consolidated Results

The consolidated financial results show similar trends, with the company reporting a consolidated net loss of ₹436.83 lakhs for Q3 FY26 compared to ₹3,109.76 lakhs loss in Q3 FY25. For the nine-month period, the consolidated net loss was ₹1,269.48 lakhs versus ₹5,091.95 lakhs in the previous year.

Auditor's Observations

The statutory auditors have highlighted material uncertainty regarding the company's ability to continue as a going concern due to the plant shutdown and operational challenges. The auditors conducted a limited review under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.