Facor Alloys Ltd. reported that Mr. Vibhu Bakhru has resigned as a Director from the Board of Directors of the Company with effect from April 09, 2013.

Facor Alloys Ltd. announced that Mr. Yogesh Saraf, Joint Managing Director has resigned as a Director from the Board of Directors of the company with effect from February 01, 2013.

Facor Alloys Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported loss from operation before other income, interest and exceptional items of INR 41.868 million compared to profit of INR 27.012 million reported a year ago. Net loss was INR 31.441 million or INR 0.16 per basic and diluted share before and after extraordinary items compared to net profit of INR 0.848 million or INR 0.00 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 575.082 million compared to INR 818.797 million reported a year ago. Loss from ordinary activities before tax was INR 43.462 million compared to profit of INR 3.038 million reported a year ago. For the nine months, the company reported loss from operation before other income, interest and exceptional items of INR 24.496 million compared to profit of INR 70.531 million reported a year ago. Net loss was INR 22.156 million or INR 0.11 per basic and diluted share before and after extraordinary items compared to net profit of INR 13.962 million or INR 0.07 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 1,549.250 million compared to INR 2,754.147 million reported a year ago. Loss from ordinary activities before tax was INR 28.085 million compared to profit of INR 23.942 million reported a year ago.