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.

Facor alloys Limited has announced that its Board of Directors will convene on February 14, 2026, to review the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will consider both standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company formally notified BSE Limited about the scheduled board meeting through an official communication dated February 6, 2026. The notice was issued in compliance with Regulation 29 of SEBI (LODR) Regulations, 2015, which mandates listed companies to inform stock exchanges about board meetings that will consider financial results.

Corporate Communication

The official notice was signed by Sachin Kumar Gupta, Company Secretary and Compliance Officer (ACS 22874), and submitted to the Listing Department of BSE Limited. The communication was digitally signed on February 6, 2026, at 13:44:23 +05'30', ensuring proper documentation and compliance with regulatory requirements.

Company Information

Facor Alloys Limited operates with its corporate office located at Polyplex Building, Tower-B, Ground Floor, B-37, Sector-1, Noida - 201301, India. The company's registered office and works are situated at SHREERAMNAGAR-535 101, Dist. Vizianagaram, Andhra Pradesh, India. The company is incorporated under the Corporate Identification Number L27101AP2004PLC043252 and trades on BSE with scrip code 532656.