Ashirwad Steels & Industries News

Ashirwad Steels Grants ₹10 Crore Unsecured Loan to MSP Steel & Power

Ashirwad Steels & Industries Limited has sanctioned an unsecured loan facility of ₹10 crore to MSP Steel & Power Limited for general corporate purposes. The loan was sanctioned on September 4, 2025, as part of Ashirwad Steels' ordinary course of business in financing and investments. This is not a related party transaction. The company has informed BSE about this loan facility under regulatory disclosure requirements.

Ashirwad Steels & Industries Reports Quarterly Financial Results for June 2025

Ashirwad Steels & Industries Limited approved its unaudited financial results for the quarter ended June 30, 2025, at a board meeting held on August 8, 2025. The company reported revenue from operations of Rs 40.29 lakhs for the quarter, compared to Rs 83.25 lakhs in the previous quarter and Rs 35.01 lakhs in the same quarter last year. Net profit after tax stood at Rs 59.70 lakhs for the current quarter, significantly higher than Rs 229.66 lakhs in the previous quarter but up from Rs 49.90 lakhs in the corresponding quarter of the previous year. Basic earnings per share was Rs 0.48 compared to Rs 1.84 in the previous quarter and Rs 0.40 in the same quarter last year. The company's equity share capital remains at Rs 1,250 lakhs. The company operates in lending and investment business rather than trading or industrial activities. The results were reviewed by the audit committee and statutory auditors before board approval.