Bihar Sponge Iron Reports Q1 FY2026 Results and Board Changes
Bihar Sponge Iron Limited (BSIL) announced Q1 FY2026 results with a 25.38% decrease in net revenue to Rs. 7,749.98 lakhs and a 42.59% drop in profit to Rs. 211.70 lakhs compared to Q1 FY2025. The company also approved key board appointments, including the re-appointment of Mrs. Kumkum Modi as Non-Executive Non-Independent Director and the appointment of M/s Soniya Gupta & Associates as Secretarial Auditors for five years. The auditor's review report highlighted qualifications regarding unprovided penalties, undisclosed loan settlements, and partial interest provision on a government loan.