Shah Alloys declares unaudited Q1 FY27 results

Shah Alloys Ltd announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors noted the Statutory Auditors' observation regarding a material uncertainty related to going concern. The company has closed its Iron & Steel Plant at Santej since August 2025 due to age, obsolescence, and losses. Strategic alternatives, including investor induction, lease, sale, or joint ventures for the Steel Plant undertaking, are being evaluated. Monetization of land and other immovable assets is also being considered to unlock value and deploy resources for business purposes. The plant and machinery are valued at ₹44.195 Crore. The financial results were prepared on a going concern basis. The Board also approved the adoption of a new Memorandum of Association and alteration of main objects to include commodity trading.