Nilachal Refractories Board Approves Unaudited Financial Results

Nilachal Refractories Limited announced that its Board of Directors has considered and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The Board meeting, held on November 13, 2026, also saw the adoption of the Limited Review Report. Mr. Vimal Prakash has been authorized to sign the financial results. The company is undergoing a transition, with manufacturing operations classified as discontinued and assets held for sale, while planning to focus on the ferro-alloys sector. A material uncertainty exists regarding the company's ability to continue as a going concern, dependent on the success of the new business plan and financing.