Zenith steel pipes & industries Limited has announced the closure of its trading window for designated persons in compliance with insider trading regulations. The company, part of The Yash Birla Group, has informed both major stock exchanges about this regulatory measure through an official communication dated March 25, 2026.

Trading Window Closure Details

The trading window closure is scheduled to begin from Wednesday, April 1, 2026, and will continue until 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2026. This measure affects all designated persons within the organization who have access to unpublished price-sensitive information.

Regulatory Compliance Framework

The trading window closure is being implemented pursuant to SEBI (Prohibition of Insider Trading) Regulation, 2015, read with BSE Circular No. LIST/COMP/01/2019-20 dated April 2, 2019. This regulatory framework mandates companies to restrict trading activities by designated persons during periods when they may have access to material information that could influence stock prices.

Stock Exchange Notification

Zenith Steel Pipes & Industries Limited has formally notified both BSE Limited and National Stock Exchange of India Ltd about the trading window closure. The communication was signed by Minal Umesh Pote, Director of the company with DIN: 07163539, ensuring proper authorization and compliance with corporate governance requirements.

The company maintains its corporate office at Dalal House, 1st Floor, 206, J.B. Marg, Nariman Point, Mumbai, and operates under CIN: L29220MH1960PLCO11773. As part of The Yash Birla Group, the company continues to maintain strict adherence to regulatory compliance and corporate governance standards.

Zenith Steel Pipes & Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a significant operational turnaround despite facing multiple challenges. The company's board meeting held on February 10, 2026, approved the quarterly results under Regulation 30 of SEBI listing requirements.

Financial Performance Highlights

The company demonstrated a remarkable recovery in profitability during Q3 FY26, marking a substantial improvement from the previous year's performance.

Nine-Month Performance

For the nine months ended December 31, 2025, the company showed sustained improvement across key financial metrics.

Key Financial Developments

The company's other income surge was primarily driven by foreign exchange gains of ₹121.90 lakhs for the quarter and ₹246.24 lakhs for nine months, compared to ₹92.89 lakhs and ₹143.71 lakhs respectively in the previous year. Additionally, the company reversed provisions worth ₹499.41 lakhs during the quarter and ₹1,754.42 lakhs for nine months, recognizing these under "Provision Written Back" in other income.

Operational Challenges and Legal Matters

Despite the financial turnaround, the company continues to navigate several significant challenges:

• SARFAESI Proceedings: A consortium of banks initiated proceedings for recovery of ₹19,319.00 lakhs outstanding as of January 31, 2014, with the next hearing scheduled for June 30, 2026
• SEBI Matter: The company remains involved in legal proceedings following a SEBI order, with the matter currently before the Supreme Court of India
• Fraud Investigation: The company identified unauthorized access to bank payment processes, with an estimated misappropriation of approximately ₹758 lakhs under investigation

Strategic Arrangements

The company has entered into a Memorandum of Understanding with Tribus Real Estate Pvt. Ltd. (TREPL) for taking over existing bank borrowings aggregating ₹15,894.92 lakhs as of December 31, 2025. Under this arrangement, TREPL is authorized to negotiate settlements with lending banks through One-Time Settlement or other mutually agreeable terms.

Going Concern Assessment

Despite negative net worth due to accumulated losses, the company continues operations on a going concern basis. Management has initiated strategic measures including engagement with key suppliers and customers, focusing on improving operational efficiency and enhancing revenue generation. The Board of Directors is actively evaluating various business options to augment operational income and ensure long-term financial sustainability.