Shah Alloys Board Approves Financial Results, Strategic Realignment

Shah Alloys Ltd's Board of Directors met on August 12, 2026, to consider and take on record the Un-Audited Standalone Financial Results for the quarter ended June 30, 2026. The Board also noted the Statutory Auditors' observation regarding a material uncertainty related to going concern due to the closure of its Santej Iron & Steel Plant since August 2025. The company is evaluating strategic alternatives for the plant and its assets, including potential investors, sale, lease, or joint ventures. A valuation of the plant and machinery by a Registered Valuer reported a Fair Market Value of ₹44.195 Crore. The Board also approved the adoption of new Memorandum and Articles of Association and proposals under Section 180(1)(a) of the Companies Act, 2013, related to the strategic realignment. The 36th Annual General Meeting is scheduled for September 18, 2026.