Ashiana Ispat
27.41
+1.30(+4.98%)
Market Cap₹21.84 Cr
PE Ratio-0.46
Company Performance:
1D+4.98%
1M+0.22%
6M+28.69%
1Y-25.92%
5Y+127.28%
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More news about Ashiana Ispat
13Jan 26
Ashiana Ispat Limited Reports ₹4,669 Crore Loss for FY25 with Qualified Audit Opinion
Ashiana Ispat Limited reported a massive net loss of ₹4,669.38 crores for FY25 compared to a profit of ₹147.18 crores in FY24, with revenue declining 56% to ₹14,153.53 crores. The company faced production shutdown during the second quarter due to plant relocation, leading to ₹1,967.06 lakhs impairment loss on plant and machinery. Auditors issued a qualified opinion citing unconfirmed balances, inventory verification issues, and going concern uncertainties. The company successfully settled its SBI loan under OTS scheme, saving ₹439.47 lakhs recognized as other income.
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23Dec 25
Ashiana Ispat Reconstitutes Audit Committee, Appoints New Chairman & Secretary
Ashiana Ispat Limited announced significant corporate governance changes including audit committee reconstitution with new member appointments, chairman designation for Kamal Wadhwani, and appointment of new Company Secretary Swati Dhruv Aggarwal to strengthen compliance framework and regulatory adherence.
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13Dec 25
Ashiana Ispat Q2 FY26: Auditor Raises Going Concern Doubts Amid Legal Battles
Ashiana Ispat faces significant challenges in Q2 FY26 with auditors raising going concern doubts due to asset sales and outstanding obligations. The company defaulted on statutory dues totaling ₹67.63 lakhs and has loans worth ₹2,067.80 lakhs classified as NPAs. Multiple legal proceedings including NCLT petitions, SEBI investigations, and trademark disputes create additional uncertainty, while BSE suspended trading from December 15, 2025.
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06Dec 25
Ashiana Ispat Seeks Shareholder Approval for Asset Sale and Regulatory Non-Compliance Amid Financial Distress
Ashiana Ispat Limited will hold its 33rd AGM on December 29, 2025, seeking approval for a ₹43.10 crore asset sale completed on October 1, 2025. The sale was part of a One Time Settlement with State Bank of India after loan accounts were classified as NPAs. The company's financial statements show significant distress, with total assets down 37.95% year-over-year and negative equity. Ashiana Ispat is also seeking ratification for non-compliance with SEBI's LODR Regulations, citing severe financial distress and urgent OTS timelines as reasons for these actions.
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22Nov 25
Ashiana Ispat Reports Significant Loss, Settles SBI Loan Amid Operational Challenges
Ashiana Ispat Limited reported a net loss of Rs 4,669.38 lakhs for the fiscal year ending March 31, 2025, compared to a profit of Rs 147.18 lakhs in the previous year. The company's production halted in the second quarter due to plant relocation. Revenue dropped by 56.38% year-over-year. Ashiana Ispat settled a loan with SBI, writing off Rs 439.47 lakhs. The company faces legal challenges including NCLT proceedings, SEBI scrutiny, and a trademark dispute.
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11Oct 25
Ashiana Ispat Limited Approves Financial Results and Discusses NPA Settlement with Yes Bank
Ashiana Ispat Limited approved unaudited standalone financial results for the quarter and year ended March 31 in a board meeting held from November 18-22. The board also discussed a settlement proposal with Yes Bank regarding the company's loan account, which is classified as a Non-Performing Asset (NPA). Previously, multiple banks including State Bank of India, Yes Bank, and Kotak Mahindra Bank had classified Ashiana Ispat's accounts as NPAs.
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18Jul 25
Ashiana Ispat Expands Pan-India Operations Amid Surging Demand for 'Al Kamdhenu Gold'
Ashiana Ispat Limited has reported a significant increase in demand for its 'Al Kamdhenu Gold' product, leading to accelerated expansion plans across India. The company has entered into service agreements with four additional independent production units, bringing the total to sixteen. These new partnerships are located in Telangana, Orissa, and Chhattisgarh. Managing Director Puneet Jain cited an exceptional surge in market demand as the primary driver for this aggressive expansion strategy. Ashiana Ispat is committed to keeping the Bombay Stock Exchange informed of all material developments related to these initiatives.
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Ashiana Ispat
27.41
+1.30
(+4.98%)
1 Year Returns:-25.92%
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