Bihar Sponge Iron informs about disclosure

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bihar Sponge Iron has informed that in continuation of its earlier intimation dated 13- 08-2023 and 24-03-2025, as the matter was pending under Writ Petition filed by the Company before the Hon’ble High Court of Chattisgarh, Bilaspur, amounting to Rs. 215.28 Lacs, on account of short lifting of coal quantity in terms of Fuel Supply Agreement (FSA), the said Hon’ble High Court has directed to both the parties to appear before General Manager (Marketing & Sales), SECL, Bilaspur (C.G.) on the 21st April, 2025 decide mutually preferable within 60 days and disposed the case with right to petitioner to revive its prayer, if cause of action still subsists. Further it has informed that meeting was held in the office of GM- S&M, SECL, Bilaspur, regarding the ongoing disputes. However, as GM- S&M, SECL, Bilaspur did not address the concern raised by the Company, it has been decided that the Company will pursue legal recourse. Accordingly, the Company is in the process of filing case/petition before Hon’ble High Court challenging the order/decision of SECL. In respect of the captioned matter, it has to be declared that the information and details provided in ‘Annexure-I’, in compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, is true, correct and complete to the best of knowledge and belief.
The above information is a part of company’s filings submitted to BSE.