Tulsyan NEC Reports Quarterly Loss of Rs 6.93 Crore for Q2 FY2025

Tulsyan NEC Limited reported a net loss of Rs 692.85 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 476.61 lakhs in the same quarter last year. Revenue from operations increased to Rs 2,447.29 crore from Rs 1,805.20 crore year-on-year. For the six-month period, the company's net loss widened to Rs 1,693.20 lakhs versus Rs 437.33 lakhs in the previous year. The company operates through three business segments: Steel Division, Synthetic Division, and Power. Finance costs rose significantly to Rs 1,736.67 lakhs in the quarter from Rs 849.02 lakhs last year. The Board of Directors approved these unaudited financial results at their meeting held on November 12, 2025.

Tulsyan NEC Limited Defaults on NCD Interest Payment

Tulsyan NEC Limited has defaulted on interest payment for its Non-Convertible Debentures (NCDs) on the due date of November 6, 2025. The company issued Rs. 269 crores worth of secured NCDs with a 5-year tenure and structured redemption. Tulsyan NEC's total financial indebtedness stands at Rs. 288.84 crores, including both short-term and long-term debt. The company stated it is making efforts to pay the overdue interest amount at the earliest.

Tulsyan NEC Limited Approves Director Re-appointments and New Secretarial Auditor at 78th AGM

Tulsyan NEC Limited shareholders approved key appointments at their 78th Annual General Meeting held on September 17, 2025. The company re-appointed Sanjay Agarwalla as Director liable to retire by rotation, who serves as Whole-time Director leading the financial department and managing pricing, purchase approvals, and customer care. Somasundaram Ponsing Mohan Ram was re-appointed as Independent Director for a second five-year term from September 19, 2025 to September 18, 2030. The company also appointed M/s. M Damodaran & Associates LLP as Secretarial Auditors for five years from Financial Year 2025-26 to 2029-30, with annual fees of Rs. 67,000 plus taxes and expenses. The Chennai-based auditing firm has over 20 years of experience serving more than 850 clients including 20 listed companies.

Tulsyan NEC Limited Reports Q1 FY2026 Loss, Reappoints Independent Director, Schedules 78th AGM

Tulsyan NEC Limited's Board approved quarterly financial results showing a standalone net loss of Rs 1,100.35 lakhs for the quarter ended June 30, 2025, compared to a profit of Rs 39.26 lakhs in the same period last year. Consolidated net loss was Rs 1,024.94 lakhs versus a profit of Rs 58.08 lakhs previously. Revenue from operations declined to Rs 23,295.70 lakhs from Rs 26,091.10 lakhs year-over-year. The Board reappointed Mr. Somasundaram Ponsing Mohan Ram as Independent Director for a second five-year term from September 19, 2025 to September 18, 2030, subject to shareholder approval. The company scheduled its 78th Annual General Meeting for September 17, 2025 via video conferencing. The company operates through three business segments: Steel Division, Synthetic Division, and Power.