What is the current status of Shirpur Gold Refinery?

Shirpur Gold Refinery Limited is currently under Corporate Insolvency Resolution Process (CIRP) initiated in June 2024. The National Company Law Tribunal (NCLT) admitted the insolvency petition and a Resolution Professional has been appointed to manage the company's affairs.

Is Shirpur Gold Refinery still operating?

No. As of 2024-2025, the company's refining operations have effectively ceased following the initiation of CIRP proceedings. The BSE-listed shares are trading at ₹0.05, reflecting the severely distressed state of the business.

Who were the original promoters of Shirpur Gold Refinery?

The company was historically associated with the Dhariwal Group from the Shirpur region of Maharashtra. However, with the company under CIRP, promoter control has been effectively suspended and the Resolution Professional manages day-to-day affairs.

What is the market cap of Shirpur Gold Refinery?

With a share price of ₹0.05 on BSE, the market capitalization is negligible and essentially reflects the distressed/shell status of the company under insolvency proceedings.

How do I buy Shirpur Gold Refinery 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 Shirpur Gold Refinery?

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 Shirpur Gold Refinery 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.

Shirpur Gold Refinery Unlisted Share Price | Buy Shirpur Gold Refinery Pre-IPO Shares — wisefolio

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

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Shirpur Gold Refinery Unlisted Share Price | Buy Shirpur Gold Refinery Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Shirpur Gold Refinery Limited is a distressed, CIRP-bound company with no active operations and a share price of ₹0.05. Equity shareholders face near-certain loss of capital. The only potential positive scenario is a strategic acquisition of its gold refining assets in Shirpur by a resolution applicant.

Pros

Historically operated a large-scale gold refinery in Shirpur with significant installed capacity for processing gold and precious metals
Located in Maharashtra's Shirpur region with established infrastructure including refining equipment

Cons

Company is under Corporate Insolvency Resolution Process (CIRP) since June 2024 — operations have effectively ceased and the company is in financial distress
Share price has collapsed to ₹0.05 (effectively worthless), reflecting near-total loss of equity value for shareholders
Trading at near-zero price on BSE with extremely low liquidity and no operational revenues being generated

Business Segments

Gold Refining

Refining and processing of gold and precious metals at the Shirpur facility; operations ceased following CIRP

Revenue Model

The company historically earned revenue from gold refining charges and processing fees for refining raw gold into hallmarked bars and other refined gold products. Operations are currently suspended under CIRP.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds4

Growth Plans

Potential acquisition by a strategic gold refining company that values the Shirpur facility's infrastructure

Industry Tailwinds

Potential acquisition by a strategic gold refining company that values the Shirpur facility's infrastructure

Industry Headwinds

Liquidation outcome would result in total loss of equity value

Recent Developments

CIRP Initiated

NCLT admitted insolvency petition against Shirpur Gold Refinery Limited and appointed a Resolution Professional, effectively suspending the board's powers.

2024-06

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MMTC LimitedListed

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Rajesh ExportsListed

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PE: 8xx

Frequently Asked Questions

About Shirpur Gold Refinery

Shirpur Gold Refinery Limited (SGRL) operates as a precious metal refinery in Shirpur, Maharashtra. The company refines, manufactures, and trades gold bars, gold coins, and gold/silver jewelry under the 'Zee Gold' brand. It is an authorized refinery for the Government of India's Gold Monetization Scheme. The company has been admitted under the Corporate Insolvency Resolution Process (CIRP), which significantly impacts its operational and financial outlook.

Key Milestones

Incorporated in 1984 in Maharashtra as a gold refinery

Listed on BSE; operated a large-scale gold refinery at Shirpur, Maharashtra

Faced financial difficulties leading to default on debt obligations

Common questions about unlisted shares

How do I buy Shirpur Gold Refinery 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?

Shirpur Gold Refinery Limited

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