Facor Alloys reported a net loss of ₹1,479.57 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹5,021.47 lakh in the previous year. The company's manufacturing operations have remained suspended since October 31, 2023, resulting in minimal revenue and continuous losses for the past three years. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026.

Financial Performance and Audit Opinions

Revenue from operations for the year stood at ₹146.99 lakh, compared to ₹16.97 lakh in the previous year. The statutory auditors, K. K. Mankeshwar & Co., issued an unmodified opinion on the standalone financial results. However, the auditors issued a disclaimer of opinion on the consolidated financial results due to the exclusion of an overseas subsidiary following a change in management and the non-availability of reliable financial data. The auditors also highlighted a material uncertainty related to the company's ability to continue as a going concern.

The table below summarises the key financial figures for the year ended March 31, 2026:

Strategic Decisions and Appointments

The Board approved the alteration of the Main Objects' Clause of the Memorandum of Association to enable the company to undertake business activities relating to the development and operation of Gati Shakti Cargo Terminal (GCT) under the GCT Policy framework. This includes logistics infrastructure, freight terminals, and allied logistics services, subject to shareholders' and requisite approvals.

Additionally, the Board re-appointed M/s. Rao & Kumar as Internal Auditors for a period of one year from April 1, 2026, to March 31, 2027. The company also appointed M/s. Uppalapati & Associates LLP as Cost Auditors for the financial year 2026-27. The regulatory filing was digitally signed by Sachin Kumar Gupta, Company Secretary & Compliance Officer.

Facor Alloys Limited has received an in-principle approval for the migration of its existing railway siding into the Gati Shakti Cargo Terminal (GCT) Policy framework. The company disclosed this development to BSE Limited on May 07, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Approval from East Coast Railway

The approval was communicated through a letter dated May 06, 2026, from the Office of Sr. Divisional Commercial Manager, East Coast Railway, Waltair. The in-principle approval covers the migration of the company's existing railway siding, currently operating under Railway Code – FMP, into the Gati Shakti Cargo Terminal (GCT) Policy framework.

The key details of the approval are outlined below:

Conditions of Approval

The in-principle approval is subject to the fulfilment of certain conditions before it becomes fully operative. Facor Alloys is required to comply with the following:

• Prescribed Railway standards as applicable to Gati Shakti Cargo Terminal operations
• Applicable guidelines governing the GCT Policy framework
• Requisite approvals from relevant authorities

Regulatory Disclosure

The disclosure was made by Sachin Kumar Gupta, Company Secretary & Compliance Officer (ACS 22874), on behalf of Facor Alloys Limited. The company's corporate office is located at Polyplex Building, Tower-B, Ground Floor, B-37, Sector-1, Noida – 201301, while its registered office and works are situated at Shreeramnagar – 535 101, District Vizianagaram, Andhra Pradesh. The filing was submitted to the Listing Department of BSE Limited in accordance with the company's obligations under the SEBI Listing Regulations.