Outcome of Board Meeting held on 14-08-2026

BIHAR SPONGE IRON LIMITED REGISTERED OFFICE & PLANT : UMESH NAGAR, CHANDIL-832401, DISTT. SARAIKELA- KHARSAWAN, JHARKHAND Ph. +91 9955542302, E-mail: companysecretary@bsil.org.in / bsilchandil@gmail.com Website : www.bsil.org.in GIN: L27106JH1982PLC001633 Date: 14% August, 2026 The Manager Listing BSE Limited 25t Floor, P. J. Towers, Dalal Street, Mumbai- 400001 Scrip Code: 500058 Subject: Un-Audited Financial Results for the 1st quarter ended 30 June, 2026 and outcome of Board Meeting held on 14% August, 2026 Refer: Pursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir /Ma’am, .With reference to above cited subject, this is to inform you that the Board of Directors has inter-alia approved/ recommended/ taken on record the following at its meeting held today i.e., 14 August, 2026: : 1. Un-Audited Financial Results (Standalone) for the 1st quarter ended 30t June, 2026 along with Limited’ Review Report thereon issued by Statutory Auditors of the Company. 2. Re-appointment of M/s. M:K. Singhal & Co., Firm Registration No. 00074, Cost Accountants, as Cost Auditors of the Company for the financial year 2026-27 and ratification of re-appointment of M /s. Sarat Jain & Associates, Chartered Accountants, (FRN: 014793C), as Internal Auditors of the Company for the Financial Year 2026-27. 3. The Notice & Directors Report along with its annexures of the 44th Annual General Meeting of the Company. Brief profile as per SEBI Master Circular No HO/49/14/14(7)2025-CFD- POD2/1/3762/2026 dated January 30, 2026 is enclosed (for item no. 2) herewith as Annexure A to this letter. a The said Board Meeting commenced at 15:15 P.M. and concluded at 15:32 P.M. The same shall also be available on Company’s website at www.bsil.org.in. This is for your information and records. Thanking you, For Bihar Sponge Iron Limited Vimal Prasad Gupta Company Secretary & Compliance Officer FCS 6380 Enclosed: As above BRANCH OFFICE : 11, CIRCUIT HOUSE AREA (EAST) ROAD NO. 9, JAMSHEDPUR — 831001. BIHAR SPONGE IRON LIMITED REGISTERED OFFICE & PLANT : UMESH NAGAR, CHANDIL-832401, DISTT. SARAIKELA- KHARSAWAN, JHARKHAND Ph. +91 9955542302, E-mail: campanysecretary@bsil.org.in / bsiichandil@grnail.com Website : www.bsil.org.in CIN: L27106JH1982PLC001633 Annexure- A Brief Profile as per SEBI Master Circular No HO/49/14/14(7)2025-CFD- POD2/1/3762/2026 dated January 30,.2026 is as under: Ss, Particulars M/s. M.K. Singhal & Co. M/s. Sarat Jain & Associates 1. Reason for | Re-appointment Re-appointment Change viz., appointment, re- appointment, : ion, removal,—death er-otherwise. 2. Date of | Re-appointed — as Cost | Ratification of re-appointment appointments Auditors, at the Board as Internal Auditors, for the re-appointment/ | Meeting held on 14% August | financial year 2026-27. cessation & | 2026 for the financial year Term of | 2026-27. appeintment/ re-appointment 3. Brief Profile {in M/s. M.K. Singhal & Co., M/s. Sarat Jain & Associates, case of |Cost Accountants (Firm | Chartered Accountants (FRN: appointment) Registration 'No. 00074), is a | 014793C), comprises of well- firm specialized in the field | educated Professionals and of direct taxes, corporate | having rich experience of more and project . financing, | than 48 years in conducting the corporate laws, costing and | various audits of Pharma, pricing assignments and | Sugar, Corrugated Box, management consultancy | Distillery, Welding Electrode, with an experience of more Trading & Distribution and than 28 years. Cosmetic Manufacturing ; Companies etc. 4. Disclosure of} NA NA relationships between Directors (in case of appointment of director) BRANCH OFFICE : 11, CIRCUIT HOUSE AREA (EAST) ROAD.NO. 9, JAMSHEDPUR - 831001. DOOGAR & ASSOCIATES CHARTERED ACCOUNTANTS Independent Auditor’s Review Report_on Quarter ended 30% June, 2026 on Financial Results of the Company Pursuant_to the Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 The Board of Directors Bihar Sponge Iron Limited 1. We have reviewed the accompanying statement of unaudited Financial Results of BIHAR SPONGE TRON LIMITED (‘the Company’), for the quarter ended 30th June, 2026, attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the regulation’) as amended, read with SEBI Circular No. CIR/CFD/CMD/180/2019 dated 19th July, 2019 (‘the Circular’) and amendment thereto, This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid’ down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 and rules there under, requirements of Regulation 33 of the SEB] (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other accounting principles generally accepted in India, Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) ' 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an opinion. Basis for Qualified Conclusion a) Note No.2: no provision has been made on penalty recovered by South East Coalfields Ltd. for Rs. 215,28 lakhs on account of short lifting of coal quantity in term of FSA, since the writ petition filed by Company before the Hon’ble High Court of Chhattisgarh, Bilaspur has been disposed off on 5th — March’2025 with the directions “The concerned authority shall afford an opportunity of hearing to the petitioner and the respondent/SECL and a decision shall be taken by the said authority strictly in accordance with the law in an objective manner. The authority concerned shall consider the submissions made by the petitioner or its representatives and decide the same preferably within a period of 60 days from the 21st of April, 2025. The petilioner would be at.liberty to revive its prayer, if the cause of action still subsists”. ; In accordance with the said order of Hon'ble High Court, meeting of both parties was held on 19.06.2025. SECL did not consider the representation made by the Company and disposed off the matter, The Company has filed new Writ Petition against the order/decision of SECL before Hon'ble High Court, Chhattisgarh vide WPC/24721 of 2025. The Writ Petition filed by the Company against the order/decision of SECL before Hon'ble High Court, Chhattisgarh vide WPC/24721 of 2025 has been dismissed by the court on 27-10-2025. The Company is in process off iling appeal against the said order of Hon'ble High Court. 13, COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI - 10085. PHONES - 418212952, 41926811 E-mail: doogarcog@hotmall.com «- DOOGAR & ASSOCIATES CHARTERED ACCOUNTANTS Pending final settlement, the amount has been included in long terms loans and advances. b) Note No.3: The Company has approached its promoters for one time settlement of their loans. The settlement will be subsequent to and on the line as per settlement arrived at with Government of Jharkhand for soft loans. However the amount is neither quantified nor disclosed. c) Note No.4: The Hon'ble High Court of Jharkhand, Ranchi vide its order dates 09.06.2022 has directed the Company to pay Rs.125 lakhs per month [Showing first 8,000 characters — download PDF for full document]