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 also authorized Director Mr. Vimal Prakash to sign these results. The company's auditor, Jain Saraogi & Co LLP, issued a limited review report. The report highlighted material uncertainties regarding the company's ability to continue as a going concern, citing the ongoing disposal of manufacturing assets and the proposed shift to the ferro-alloys sector. The auditor also noted unprovided cumulative dividends on preference shares and the lack of actuarial valuation for employee benefits.