Bihar Sponge Iron Limited has published a regulatory notice regarding share transfer procedures under the special window period, demonstrating compliance with SEBI listing obligations.

Regulatory Compliance Notice

The company published a notice on January 15, 2026, regarding one share transfer deed received under the special window open period for 100 shares. This publication fulfills the requirements under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Publication Details

The notice was published in two newspapers to ensure wide dissemination of information to stakeholders:

• Financial Express (English edition)
• Naya India (Hindi edition)
• Location: Ranchi edition
• Publication Date: January 15, 2026

Company Information

Bihar Sponge Iron Limited operates from its registered office and plant located at Umesh Nagar, Chandil-832401, District Saraikela-Kharsawan, Jharkhand. The company maintains transparency by making all regulatory notices available on its official website at www.bsil.org.in .

The notice was signed by Vimal Prasad Gupta, Company Secretary & Compliance Officer (FCS 6380), ensuring proper authorization and compliance with corporate governance requirements. This regulatory filing demonstrates the company's commitment to maintaining transparency and adhering to SEBI guidelines for listed entities.

Bihar Sponge Iron Limited (BSIL) has reported a net profit of Rs 386.48 crore for the quarter ended September 30, showcasing the company's financial resilience amid ongoing challenges. The company's performance, however, reflects a decline from the Rs 514.67 crore profit recorded in the same period last year.

Financial Performance

BSIL's financial results for Q2 paint a mixed picture:

Despite a marginal increase in total income, the company faced a significant drop in net profit, indicating potential challenges in maintaining profitability.

Operational Highlights

The company's Board of Directors has approved plans to install and maintain a Waste Heat Recovery Plant. This decision aligns with the consent to operate granted by the Jharkhand State Pollution Board, potentially improving BSIL's energy efficiency and environmental compliance.

Legal and Financial Challenges

BSIL continues to face several legal and financial hurdles:

1. The company is contesting a Rs 215.28 lakh penalty imposed by South East Coalfields Ltd (SECL) for short lifting of coal. After an unfavorable High Court decision, BSIL may pursue alternative legal remedies.

2. BSIL is in discussions with its promoters for a one-time settlement of loans, following a similar approach taken with the Government of Jharkhand for soft loans.

3. The company has fully repaid the principal amount of a soft loan from the Government of Jharkhand and is seeking a waiver of interest amounting to Rs 11,446.11 lakh. Currently, only Rs 2,746.19 lakh of interest has been provided for in the books.

Auditor's Observations

The company's auditors, Doogar & Associates, have issued a qualified review report, highlighting concerns about unprovided penalties and loan settlement matters with promoter companies. These qualifications underscore the ongoing financial complexities faced by BSIL.

Looking Ahead

As Bihar Sponge Iron navigates through its financial and legal challenges, the planned installation of the Waste Heat Recovery Plant may represent a strategic move towards operational efficiency. However, the resolution of pending legal issues and loan settlements will likely play a crucial role in the company's future financial stability and growth prospects.