What happened to Bellary Steels and Alloys Limited?

Bellary Steels and Alloys Limited was delisted from stock exchanges on 05-March-2018 due to ongoing liquidation proceedings. The company has effectively ceased operations and is being wound up.

Is Bellary Steels and Alloys Limited still operational?

No. The company is under liquidation as of March 2018 and is not operational. All assets are being liquidated to repay creditors.

Can investors recover money from Bellary Steels shares?

Extremely unlikely. In a liquidation, equity shareholders are the last in priority after secured creditors, unsecured creditors, and preference shareholders. In most steel company liquidations in India, equity holders receive zero recovery.

Why is the share price still quoted at ₹0.25?

The ₹0.25 price reflects nominal quotes in the unlisted grey market. These are highly speculative and do not represent any underlying business value. Investing at this price carries near-total capital loss risk.

What was Bellary Steels and Alloys Limited's business?

Bellary Steels and Alloys Limited was a Karnataka-based public limited company incorporated in 1984, engaged in the manufacturing of steel and alloys in the Bellary region of Karnataka, which is rich in iron ore resources.

What is the CIN of Bellary Steels and Alloys Limited?

The CIN is L02710KA1984PLC006093, indicating it was incorporated in Karnataka in 1984 as a public limited company.

How do I buy Bellary Steels and Alloys unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Bellary Steels and Alloys?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Bellary Steels and Alloys shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Bellary Steels and Alloys Unlisted Share Price | Buy Bellary Steels and Alloys Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Talk to us

Bellary Steels and Alloys Unlisted Share Price | Buy Bellary Steels and Alloys Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Bellary Steels and Alloys Limited is under liquidation with no operations since 2009. EPS zero, equity value nil. Last balance sheet filed over 16 years ago.

Pros

ISIN INE166C01025 confirmed; L-prefix CIN (L02710KA1984PLC006093) — was listed on exchange before liquidation.
Located in Bellary (Ballari), Karnataka — historically India's largest iron ore mining district; strategic raw material access for steel.
73.1 million outstanding shares — significant equity base for a Karnataka steel manufacturer.

Cons

Under Liquidation — last balance sheet filed March 31, 2009; over 16 years without MCA filings.
EPS of 0 and near-zero equity recovery expected; equity shareholders are last in liquidation waterfall.
No active operations since ~2009; any residual assets are being wound down by liquidator.
Steel/alloys sector is capital-intensive; small Karnataka players face severe competition from SAIL, JSW, Tata Steel.

Business Segments

Steel & Alloys Manufacturing (Historical)

Manufacturing of steel and alloy products at Bellary, Karnataka — ceased operations; company under liquidation since ~2009.

Revenue Model

Bellary Steels and Alloys Limited historically operated as a steel and alloys manufacturer, generating revenue through the production and sale of steel products, likely including billets, ingots, or alloy steel variants. The company drew on Bellary's iron ore-rich resources. All operations ceased upon liquidation proceedings commencing.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds7

Growth Plans

Resolution by a strategic acquirer of underlying land/plant assets could theoretically yield some creditor recovery (not equity recovery)

Government-driven consolidation of distressed steel assets in the Bellary/Karnataka belt — unlikely to benefit equity shareholders

Industry Tailwinds

Resolution by a strategic acquirer of underlying land/plant assets could theoretically yield some creditor recovery (not equity recovery)

Recent Developments

Delisting Due to Liquidation

Bellary Steels and Alloys Limited was delisted from stock exchanges on 05-March-2018 with reason cited as 'Under Liquidations'. No subsequent operational or financial news available.

2018-03

Comparable Companies

CompanyTypeTickerMkt Cap

Ispat Industries Limited (delisted)ListedDelisted—

Lloyds Steel Industries LimitedListedLLOYDSTER—

Stelco Industries (defunct)ListedDelisted—

Ispat Industries Limited (delisted)Listed

Delisted

Frequently Asked Questions

About Bellary Steels and Alloys

Bellary Steels and Alloys Limited is a Karnataka-based steel and alloys manufacturer incorporated in 1984, registered at the Registrar of Companies, Bangalore. The company was established in Bellary (now Vijayanagara district), which historically emerged as one of Karnataka's key steel and iron ore processing centres due to the region's rich iron ore deposits in the surrounding Sandur-Hospet belt. The company is currently under liquidation proceedings, indicating it has been admitted under the Insolvency and Bankruptcy Code (IBC) or prior insolvency frameworks and has not been successfully resolved or revived. This status means the company's operational activities have effectively ceased or are being wound down under the supervision of a liquidator appointed by the National Company Law Tribunal (NCLT). Bellary Steels and Alloys was incorporated during a period of significant steel sector expansion in Karnataka, capitalising on the region's proximity to high-grade iron ore. The Bellary-Hospet-Sandur iron ore belt supplied raw material to domestic and export markets. However, like many mid-size steel producers, the company faced structural challenges from larger integrated steel plants and the margin compression that accompanied overcapacity in the Indian steel sector. Investors considering unlisted shares of companies under liquidation must exercise extreme caution: liquidation typically results in zero recovery for equity shareholders, as creditors (secured and unsecured) are paid first. Any residual value after debt repayment is distributed to preference shareholders and finally equity holders. In most Indian IBC liquidation cases, equity shareholders receive nothing.

Key Milestones

Incorporated December 17, 1984 in Bellary, Karnataka (CIN: L02710KA1984PLC006093)

Common questions about unlisted shares

How do I buy Bellary Steels and Alloys unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Bellary Steels and Alloys Limited

How settlement works

Get price alerts for Bellary Steels and Alloys Limited

Discuss Bellary Steels and Alloys

Similar companies

Other ways to invest